TWIN CITY FLOOR COVERING INDUSTRY FRINGE BENEFIT TRUST FUND (EIN 410968646) - 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

1954

Legal Domicile

Principal Officer

RICK BATTIS

Phone

9528540795

Tax Period

2024-08-01 to 2025-07-31

TWIN CITY FLOOR COVERING INDUSTRY FRINGE BENEFIT TRUST FUND, founded in 1954, is a small nonprofit that reported $688K in total revenue in fiscal year 2024. Expenses of $595K left a modest 14% surplus.

Mission

PROVIDES AN APPRENTICESHIP PROGRAM TO ITS ELIGIBLE MEMBERS.

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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 $4,935

Program Service Revenue $650,491

Investment Income $32,886

Other Revenue $0

TOTAL REVENUE $688,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,848

Fundraising Expenses $0

Other Expenses $246,993

TOTAL EXPENSES $594,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$688,312	$648,795	+0.1%
Expenses	$594,841	$595,142	0.0%
Net Income	$93,471	$53,653	+0.7%

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

N/A

Employees

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

$440,579

Total Directors

$1,118,195

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK BATTIS	EMPLOYER TRUSTEE/CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN NESSE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DOMINIC ANDRIST	UNION TRUSTEE/SECRETARY	1.00	Officer Director	$0	$113,673	$281,919
ROBB NELSON	UNION TRUSTEE/ALTERNATE	1.00	Director	$0	$116,025	$310,241
JESSICA SCRABECK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ANDREW POWERS	EMPLOYER TRUSTEE/ALTERNATE	1.00	Director	$0	$0	$0
JON MAHAN	UNION TRUSTEE	1.00	Director	$0	$109,843	$278,638
RYAN PONTHAN	UNION TRUSTEE	1.00	Director	$0	$98,037	$247,397
CHRIS FAVREAU	TRAINING DIRECTOR	40.00	Officer	$109,762	$48,898	$158,660

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	$688,312	$594,841	$1,221,622	$93,471
2024	$648,795	$595,142	$1,269,966	$53,653
2023	$558,045	$524,580	$1,355,351	$33,465
2022	$614,154	$502,200	$964,244	$111,954
2021	$484,897	$456,077	$846,961	$28,820
2020	$526,651	$443,917	$874,519	$82,734
2019	$499,992	$391,729	$756,019	$108,263

TWIN CITY FLOOR COVERING INDUSTRY FRINGE BENEFIT TRUST FUND