JOINT APPRENTICE COMMITTEE OF LOCA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

CLINT WALKER

Phone

6189371363

Tax Period

2023-09-01 to 2024-08-31

JOINT APPRENTICE COMMITTEE OF LOCAL 551, founded in 1988, is a small nonprofit that reported $380K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

THE PURPOSE OF THE TRUST IS TO PROVIDE TRAINING FOR APPRENTICES OF PLUMBERS AND PIPEFITTERS UA LOCAL 551.

Program Service Accomplishments

Program 1

APPRENTICES ARE TRAINED THROUGHOUT THE YEAR

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $330,627

Investment Income $2,736

Other Revenue $46,657

TOTAL REVENUE $380,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,915

Fundraising Expenses $0

Program Expenses $415,536

Other Expenses $204,621

TOTAL EXPENSES $415,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$380,020	$412,380	-0.1%
Expenses	$415,536	$343,376	+0.2%
Net Income	$-35,516	$69,004	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$111,844

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD W SMITH	TRUSTEE	0.00	Director	$0	$0	$0
CLINT WALKER	TRUSTEE	0.00	Director	$0	$0	$0
THOMAS BUTLER	TRUSTEE	0.00	Director	$0	$0	$0
RANDY GROB	TRUSTEE	0.00	Director	$0	$0	$0
ROY ROSS	TRUSTEE	0.00	Director	$0	$0	$0
STEVE SHORT	TRUSTEE	0.00	Director	$0	$0	$0
JIM BOLES	CORDINATOR	40.00	Director	$111,844	$0	$111,844

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$380,020	$415,536	$583,389	$-35,516
2023	$412,380	$343,376	$654,621	$69,004
2022	$335,548	$283,466	$427,795	$52,082
2021	$322,409	$281,589	$426,218	$40,820
2020	$260,872	$259,284	$375,440	$1,588
2019	$253,109	$202,744	$303,049	$50,365
2018	$218,679	$253,421	$254,526	$-34,742

JOINT APPRENTICE COMMITTEE OF LOCAL 551