IRON WORKERS LOCAL 25 TRAINING TRUST

EIN: 386056778 501(c)(3) Education

TROY, MI

Total Revenue
$5,170,205
Total Expenses
$3,552,787
Total Assets
$13,988,010
Net Assets
$13,897,248
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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
1967
Legal Domicile
MI
Principal Officer
RICHARD SAWHILL
Phone
2488139800
Tax Period
2024-05-01 to 2025-04-30

IRON WORKERS LOCAL 25 TRAINING TRUST, founded in 1967, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 31% operating margin.

Mission

TO PROVIDE APPRENTICESHIP TRAINING TO ELIGIBLE EMPLOYEES.

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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 $0
Program Service Revenue $4,773,982
Investment Income $396,223
Other Revenue $0
TOTAL REVENUE $5,170,205

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,931,932
Fundraising Expenses $0
Program Expenses $2,853,688
Other Expenses $1,620,855
TOTAL EXPENSES $3,552,787

Year-over-Year Comparison

2024 2023 Change
Revenue $5,170,205 $5,221,751 0.0%
Expenses $3,552,787 $2,953,535 +0.2%
Net Income $1,617,418 $2,268,216 -0.3%
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
6
Independent Members
6
Employees
13
Volunteers
20

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD SAWHILL MANAGEMENT TRUSTEE, CHAIRMAN 0.50
Officer Director
$0 $0 $0
MICHAEL RANDICK UNION TRUSTEE, SECRETARY 0.50
Officer Director
$0 $0 $0
CHRIS VLK MANAGEMENT TRUSTEE 0.50
Director
$0 $0 $0
MARK KERNEY MANAGEMENT TRUSTEE 0.50
Director
$0 $0 $0
WAYNE COFFELL UNION TRUSTEE 0.50
Director
$0 $0 $0
DENNIS AGUIRRE II UNION TRUSTEE 0.50
Director
$0 $0 $0
MATTHEW RAJDA TRAINING COORDINATOR - PART YEAR 50.00
Highest
$129,014 $74,078 $203,092
JOSEPH FONTAINE TRAINING INSTRUCTOR 40.00
Highest
$106,617 $84,099 $190,716
CHAD COX TRAINING COORDINATOR 46.00
Highest
$102,055 $83,538 $185,593
TODD FOREMAN TRAINING INSTRUCTOR 40.00
Highest
$106,039 $86,598 $192,637
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 $5,170,205 $3,552,787 $13,988,010 $1,617,418
2024 $5,221,751 $2,953,535 $12,353,874 $2,268,216
2023 $4,835,445 $2,579,598 $10,127,733 $2,255,847
2022 $4,335,147 $2,209,636 $7,992,517 $2,125,511
2021 $3,466,222 $1,921,766 $6,216,385 $1,544,456
2020 $2,379,177 $1,606,117 $4,576,054 $773,060
2019 $1,526,788 $1,610,231 $3,980,074 $-83,443
2018 $2,236,732 $1,456,880 $4,360,283 $779,852
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