IOWA STATE TROWEL TRADES APPRENTICESHIP TRADE TRUST FUND (EIN 391880824) - 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

1994

Legal Domicile

Principal Officer

RAY LEMKE

Phone

5152627445

Tax Period

2023-01-01 to 2023-12-31

IOWA STATE TROWEL TRADES APPRENTICESHIP TRADE TRUST FUND, founded in 1994, is a small nonprofit in the Education sector that reported $329K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROVIDE A CONTINUOUS POOL OF QUALIFIED WORKERS IN THE TROWEL TRADES 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $120,503

Program Service Revenue $208,871

Investment Income $0

Other Revenue $0

TOTAL REVENUE $329,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,302

Fundraising Expenses $0

Program Expenses $351,459

Other Expenses $115,157

TOTAL EXPENSES $351,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,374	$283,971	+0.2%
Expenses	$351,459	$231,579	+0.5%
Net Income	$-22,085	$52,392	-1.4%

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

N/A

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

$165,544

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ROWLAND	PART-YEAR TRUSTEE	40.00	Director	$65,080	$38,628	$103,708
CHRIS BUSCH	PART-YEAR TRAINING DIRECTOR	40.00	Director	$31,480	$30,356	$61,836
RAY LEMKE	CHAIRPERSON/TRUSTEE	0.50	Officer Director	$0	$0	$0
ROBERT VANHEESWYK	CHAIRPERSON/TRUSTEE	0.50	Officer Director	$0	$0	$0
ISAAC OTDOERFER	TRUSTEE	0.50	Director	$0	$0	$0
MARK SEEHASE	TRUSTEE	0.50	Director	$0	$0	$0
GREG BROOKHART	PART-YEAR TRUSTEE	0.50	Director	$0	$0	$0
JEFF HOEGER	PART-YEAR TRUSTEE	0.50	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	No data	No data	No data	No data
2023	$329,374	$351,459	$507,026	$-22,085
2022	$283,971	$231,579	$457,375	$52,392
2021	$218,034	$217,006	$411,733	$1,028
2020	$245,176	$193,087	$390,623	$52,089
2019	$184,612	$199,583	$341,276	$-14,971
2018	$163,571	$191,465	$359,715	$-27,894

IOWA STATE TROWEL TRADES APPRENTICESHIP TRADE TRUST FUND