DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)CARPENTERS APPRENTICESHIP REIMBURSEMENT PROGRAM, founded in 2000, is a small nonprofit in the Employment sector that reported $549K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $693K exceeded revenue, resulting in a 26% operating deficit.
THE CARPENTERS APPRENTICESHIP REIMBURSEMENT PROGRAM IS CRAFTED FOR THE PURPOSE OF REIMBURSING QUALFIED EMPLOYERS FOR WAGES AND FRINGE BENEFITS PAID TO, OR ON BEHALF OF THE, APPRENTICES FOR THE TIME SPENT ATTENDING THE APPRENTICESHIP SCHOOL ESTABLISHED BY DETROIT CARPENTRY JOINT APPRENTICESHIP AND TRAINING TRUST FUND IN ORDER TO HELP DEFRAY THE COSTS OF TRAINING NEW APPRENTICES FOR THE REPRESENTATION, ORGANIZING AND BARGAINING OF MICHIGAN REGIONAL COUNCIL OF CARPENTERS, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $549,309 | $591,241 | -0.1% |
| Expenses | $693,002 | $813,164 | -0.1% |
| Net Income | $-143,693 | $-221,923 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS LUTZ | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $118,623 | $370,113 |
| RICHARD WILLIAMSON | TRUSTEE | 1.00 |
Director
|
$0 | $99,090 | $249,029 |
| RONALD MARACLE | TRUSTEE | 1.00 |
Director
|
$0 | $87,584 | $226,479 |
| DAVID PEHRSON | TRUSTEE | 1.00 |
|
$0 | $87,562 | $226,069 |
| BRYAN DAVIS | TRUSTEE | 1.00 |
Director
|
$0 | $87,364 | $223,179 |
| ART HUG JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES OLEKSINSKI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG SKARRITT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE TOMLINSON | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM WEEKS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $549,309 | $693,002 | $874,857 | $-143,693 |
| 2024 | $591,241 | $813,164 | $1,086,998 | $-221,923 |
| 2023 | $537,434 | $441,941 | $1,177,006 | $95,493 |
| 2022 | $524,012 | $532,677 | $1,067,344 | $-8,665 |
| 2021 | $498,535 | $378,731 | $1,069,105 | $119,804 |
| 2020 | $507,674 | $392,348 | $947,708 | $115,326 |
| 2019 | $541,999 | $338,797 | $822,825 | $203,202 |
Compare CARPENTERS APPRENTICESHIP REIMBURSEMENT PROGRAM with other nonprofits in Michigan and across the country.