IRON WORKERS LOCAL 112 APPRENTICE TRAINING AND RETRAINING FUND (EIN 371220694) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

JASON EMERICK

Phone

3096996489

Tax Period

2023-07-01 to 2024-06-30

IRON WORKERS LOCAL 112 APPRENTICE TRAINING AND RETRAINING FUND, founded in 2000, is a small nonprofit that reported $371K in total revenue in fiscal year 2023. The organization ran a surplus of $114K, a strong 31% operating margin.

Mission

TO HELP MEET MANPOWER NEEDS BY PROVIDING TRAINING, RETAINING PROGRAMS, OR REGISTERED APPRENTICESHIPS.

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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 $23,414

Program Service Revenue $338,842

Investment Income $8,273

Other Revenue $0

TOTAL REVENUE $370,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,630

Fundraising Expenses $0

Other Expenses $63,614

TOTAL EXPENSES $256,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,529	$369,256	+0.0%
Expenses	$256,244	$241,298	+0.1%
Net Income	$114,285	$127,958	-0.1%

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

$206,368

Total Directors

$385,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT COOK	COORDINATOR	40.00	Director	$0	$85,468	$179,092
JASON EMERICK	CHAIRMAN	2.00	Officer Director	$0	$93,558	$206,368
JASON WALLACE	UNION REP	1.00	Director	$0	$0	$0
DENNY KLEIN	CONTRACTOR REP/SECRETARY	1.00	Officer Director	$0	$0	$0
DANNY VANBUSKIRK	CONTRACTOR REP	1.00	Director	$0	$0	$0
JUSTIN SPROUT	CONTRACTOR REP	1.00	Director	$0	$0	$0

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	$370,529	$256,244	$600,073	$114,285
2023	$369,256	$241,298	$485,611	$127,958
2022	$335,772	$229,564	$357,639	$106,208
2021	$382,482	$210,012	$251,299	$172,470

IRON WORKERS LOCAL 112 APPRENTICE TRAINING AND RETRAINING FUND