ILLINOIS LABORERS & CONTRACTORS JOINT APPRENTICESHIP & TRAINING PROGRAM

EIN: 376091818 501(c)(3) Employment

MT STERLING, IL

Total Revenue
$8,166,036
Total Expenses
$8,089,027
Total Assets
$28,850,809
Net Assets
$28,570,952
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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
1969
Legal Domicile
IL
Principal Officer
TERRANCE WHITECOTTON
Phone
2177732741
Tax Period
2024-01-01 to 2024-12-31

ILLINOIS LABORERS & CONTRACTORS JOINT APPRENTICESHIP & TRAINING PROGRAM, founded in 1969, is a community nonprofit in the Employment sector that reported $8.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $28.6M represent 42 months of operating reserves.

Mission

TO PROVIDE TRAINING FOR UNION LABORERS FOR SAFETY & WORK RELATED SKILLS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,298
Program Service Revenue $6,884,644
Investment Income $1,185,184
Other Revenue $93,910
TOTAL REVENUE $8,166,036

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,789,757
Fundraising Expenses $0
Program Expenses $6,162,368
Other Expenses $3,299,270
TOTAL EXPENSES $8,089,027

Year-over-Year Comparison

2024 2023 Change
Revenue $8,166,036 $7,194,800 +0.1%
Expenses $8,089,027 $7,437,537 +0.1%
Net Income $77,009 $-242,737 -1.3%
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

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Governance

Voting Members
12
Independent Members
12
Employees
47
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
3
$198,317
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD LONG TRUSTEE 0.50
Director
$0 $0 $0
MATT SMITH TRUSTEE 0.50
Officer Director
$0 $0 $0
RUSSELL DAVENPORT TRUSTEE 0.50
Director
$0 $0 $0
GLYN RAMAGE TRUSTEE 0.50
Director
$0 $0 $0
ROBERT BRUNER SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
RANDY PERAU TRUSTEE 0.50
Director
$0 $0 $0
TONY PENN TRUSTEE 0.50
Director
$0 $0 $0
BRIAN HAYDEN TRUSTEE 0.50
Director
$0 $0 $0
TYLER CORMENY TRUSTEE 0.50
Director
$0 $0 $0
SCOTT REEISE TRUSTEE 0.50
Director
$0 $0 $0
FORTUNATO SALAMONE TRUSTEE 0.50
Director
$0 $0 $0
JARROD MCCLANAHAN TRUSTEE 0.50
Director
$0 $0 $0
TERRANCE WHITECOTTON ADMINISTRATOR 40.00
Officer
$121,513 $76,804 $198,317
MICHELLE PAYNE ADMINISTRATOR/CLERICAL 40.00
Highest
$114,061 $73,540 $187,601
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
2024 $8,166,036 $8,089,027 $28,850,809 $77,009
2023 $7,194,800 $7,437,537 $27,492,228 $-242,737
2022 $7,397,518 $7,670,149 $26,047,658 $-272,631
2021 $7,640,273 $7,482,577 $29,577,263 $157,696
2020 $6,328,085 $7,106,316 $29,555,543 $-778,231
2019 $6,585,200 $7,089,334 $27,935,220 $-504,134
2018 $6,175,819 $6,246,585 $26,793,168 $-70,766
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