ASSOC BUILDERS & CONTRACTOR OF WI INC APPRENTICESHIP & TRAINING TRUST FUND

EIN: 391633896 501(c)(3) Employment

MADISON, WI

Total Revenue
$3,546,949
Total Expenses
$3,327,490
Total Assets
$4,927,882
Net Assets
$4,167,774
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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
1988
Legal Domicile
WI
Principal Officer
KELLY TOURDOT
Phone
6082446056
Tax Period
2024-07-01 to 2025-06-30

ASSOC BUILDERS & CONTRACTOR OF WI INC APPRENTICESHIP & TRAINING TRUST FUND, founded in 1988, is a community nonprofit in the Employment sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 6% surplus.

Mission

THE PURPOSE OF THE TRUST IS TO FUND BONA FIDE APPROVED APPRENTICESHIP TRAINING PROGRAMS ESTABLISHED BY ASSOCIATED BUILDERS AND CONTRACTORS OF WISCONSIN, INC. TO ASSIST IN THE TRAINING AND DEVELOPMENT OF INDIVIDUALS WHO DESIRE TO ACQUIRE SKILLS AND INCREASE THEIR CAPABILITIES AS EMPLOYEES OR SUPERVISORS WITHIN THE CONSTRUCTION INDUSTRY.

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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 $5,250
Program Service Revenue $3,345,648
Investment Income $121,376
Other Revenue $74,675
TOTAL REVENUE $3,546,949

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,985,065
Other Expenses $3,327,490
TOTAL EXPENSES $3,327,490

Year-over-Year Comparison

2024 2023 Change
Revenue $3,546,949 $3,251,725 +0.1%
Expenses $3,327,490 $3,008,347 +0.1%
Net Income $219,459 $243,378 -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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$0
Total Directors
6
$0
Key Employees
1
$233,757
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERRY KREBSBACH TRUSTEE, CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROGER THIMM TRUSTEE, TREASURER 1.00
Officer Director
$0 $0 $0
JAY ZAHN TRUSTEE, SECRETARY 1.00
Officer Director
$0 $0 $0
CASEY MALESEVICH TRUSTEE 1.00
Director
$0 $0 $0
JOHN ZIGNEGO TRUSTEE 1.00
Director
$0 $0 $0
GREGORY REESMAN TRUSTEE 1.00
Director
$0 $0 $0
KELLY TOURDOT PRESIDENT 1.00
Key Emp
$0 $34,473 $233,757
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 $3,546,949 $3,327,490 $4,927,882 $219,459
2024 $3,251,725 $3,008,347 $4,616,970 $243,378
2023 $2,906,547 $2,742,659 $4,449,296 $163,888
2022 $2,660,764 $2,374,036 $4,521,797 $286,728
2021 $2,598,331 $2,182,359 $4,337,528 $415,972
2020 $2,426,050 $1,955,639 $3,731,381 $470,411
2019 $2,246,401 $1,985,885 $3,713,589 $260,516
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