Greater Michigan UA Local 190 Joint Training Committee (EIN 382283638) - 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

1946

Legal Domicile

Principal Officer

Randall Whitaker

Phone

7344263700

Tax Period

2024-01-01 to 2024-12-31

Greater Michigan UA Local 190 Joint Training Committee, founded in 1946, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $574K, a strong 24% operating margin.

Mission

To provide educational classes and training to local union members in order to upgrade their skills and job qualifications, while maintaining a safe working environment.

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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 $535,132

Program Service Revenue $1,807,871

Investment Income $3,436

Other Revenue $12,411

TOTAL REVENUE $2,358,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $891,828

Fundraising Expenses $51,801

Program Expenses $1,537,152

Other Expenses $893,154

TOTAL EXPENSES $1,784,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,358,850	$1,571,547	+0.5%
Expenses	$1,784,982	$1,599,915	+0.1%
Net Income	$573,868	$-28,368	-21.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colin Krasny	Training Director	040.00	Highest	$148,930	$47,611	$196,541
Jeff Darr	Trustee Secretary	005.00	Officer Director	$0	$0	$0
Randall Whitaker	Trustee	005.00	Director	$0	$0	$0
David Forbes	Trustee Chair	005.00	Officer Director	$0	$0	$0
Edwin Levi Smith	Trustee	005.00	Director	$0	$0	$0
Mark Darr	Trustee	005.00	Director	$0	$0	$0
Nancy Cummins	Trustee	005.00	Director	$0	$0	$0
Brent Johnson	Alternate Trustee	005.00	Director	$0	$0	$0
Joseph Romine	Trustee	005.00	Director	$0	$0	$0
Patrick Duffy	Trustee	005.00	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
2024	$2,358,850	$1,784,982	$1,934,553	$573,868
2023	$1,571,547	$1,599,915	$1,360,685	$-28,368
2022	$1,272,318	$1,482,362	$1,389,053	$-210,044
2021	$1,442,227	$1,146,200	$1,779,576	$296,027
2020	$1,142,259	$1,132,359	$1,612,207	$9,900
2019	$1,361,156	$1,116,782	$1,420,230	$244,374
2018	$1,035,578	$1,130,617	$1,183,630	$-95,039

Greater Michigan UA Local 190 Joint Training Committee