IRONWORKERS LOCAL 392 APPRENTICESHIP FUND (EIN 371239637) - 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

1954

Legal Domicile

Principal Officer

JOHN HERRINGTON

Phone

6188740313

Tax Period

2024-09-01 to 2025-08-31

IRONWORKERS LOCAL 392 APPRENTICESHIP FUND, founded in 1954, is a small nonprofit that reported $648K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 17% operating margin.

Mission

OPERATE APPRENTICE SCHOOL FOR IRONWORKING TRADE

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $444,696

Investment Income $182,216

Other Revenue $21,005

TOTAL REVENUE $647,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,430

Fundraising Expenses $0

Program Expenses $451,528

Other Expenses $181,528

TOTAL EXPENSES $534,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,917	$515,104	+0.3%
Expenses	$534,658	$564,131	-0.1%
Net Income	$113,259	$-49,027	-3.3%

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

$1,348

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE RIST	DIRECTOR	1.00	Director	$1,348	$0	$1,348
JOHN SCHMITT	DIRECTOR	0.00	Director	$0	$0	$0
JOHN HERRINGTON	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER RYAN MCGEE	DIRECTOR	0.00	Director	$0	$0	$0
CASEY LODGE	DIRECTOR	0.00	Director	$0	$0	$0
CLINTON KEMPFER	DIRECTOR	0.00	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	$647,917	$534,658	$2,948,167	$113,259
2024	$515,104	$564,131	$2,780,840	$-49,027
2023	$393,782	$611,882	$2,557,083	$-218,100
2022	$463,370	$664,262	$2,744,153	$-200,892
2021	$430,591	$452,367	$3,440,264	$-21,776
2020	$335,722	$350,546	$3,138,255	$-14,824

IRONWORKERS LOCAL 392 APPRENTICESHIP FUND