CARPENTERS' GUARANTY FUND (EIN 386238334) - 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

1968

Legal Domicile

Principal Officer

MICHAEL BARNWELL

Phone

2483059905

Tax Period

2024-05-01 to 2025-04-30

CARPENTERS' GUARANTY FUND, founded in 1968, is a small nonprofit in the Mutual Benefit sector that reported $218K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $176K, a strong 81% operating margin.

Mission

THE CARPENTERS GUARANTY FUND IS CRAFTED FOR THE PURPOSE OF NEGOTIATING COLLECTIVELY BARGAINED AGREEMENTS WITH OTHER ASSOCIATIONS AND INDIVIDUAL EMPLOYERS WHICH REQUIRE EITHER THAT SECURITY DEPOSITS BE MADE TO THE FUND OR THAT AN ASSOCIATION STAND SURETY FOR SOME OR ALL OF ITS MEMEBRS OR BOTH FOR THE REPRESENTATION, ORGANIZING AND BARGAINING OF MICHIGAN REGIONAL COUNCIL OF CARPENTERS, IN COMPLIANCE WITH A COLLECTIVELY BARGAINED AGREEMENT THROUGH THE TAFT-HARTLEY ACT.

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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 $168,893

Investment Income $49,076

Other Revenue $0

TOTAL REVENUE $217,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,545

Other Expenses $42,019

TOTAL EXPENSES $42,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,969	$235,381	-0.1%
Expenses	$42,019	$40,188	+0.0%
Net Income	$175,950	$195,193	-0.1%

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

N/A

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

$688,705

Total Directors

$1,629,088

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BARNWELL	CHAIRMAN	1.00	Officer Director	$0	$119,516	$318,592
THOMAS LUTZ	TRUSTEE	1.00	Officer Director	$0	$118,623	$370,113
RICHARD WILLIAMSON	TRUSTEE	1.00	Director	$0	$99,090	$249,029
PAUL JEWELL	TRUSTEE	1.00	Director	$0	$100,223	$241,306
DAVID PEHRSON	TRUSTEE	1.00	Director	$0	$87,562	$226,069
MICHAEL G DAVIS JR	TRUSTEE	1.00	Director	$0	$87,364	$223,979
DANIEL H FERQUERON	TRUSTEE	1.00		$0	$87,364	$223,479
ROBERT HALIK	SECRETARY	1.00	Officer Director	$0	$0	$0
RON URBANCZYK	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DAMICO	TRUSTEE	1.00	Director	$0	$0	$0
TODD DOENITZ	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS WOODBECK	TRUSTEE	1.00	Director	$0	$0	$0
PHIL VINCENTI	TRUSTEE	1.00	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	$217,969	$42,019	$1,658,831	$175,950
2024	$235,381	$40,188	$1,487,625	$195,193
2023	$222,468	$33,822	$1,287,146	$188,646
2022	$197,560	$243,230	$1,123,537	$-45,670
2021	$197,170	$144,061	$1,180,754	$53,109
2020	$233,365	$159,036	$1,148,259	$74,329
2019	$281,100	$151,859	$1,061,204	$129,241

CARPENTERS' GUARANTY FUND