IRON RANGE ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST (EIN 411384371) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

CAREY YOUNG

Phone

2187228115

Tax Period

2024-06-01 to 2025-05-31

IRON RANGE ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST is a small nonprofit that reported $205K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $182K left a modest 11% surplus.

Mission

PROVIDE TRAINING OF APPERNICESHIPS IN THE ELECTRICAL INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $191,177

Investment Income $2,315

Other Revenue $11,257

TOTAL REVENUE $204,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,760

Fundraising Expenses $0

Other Expenses $176,874

TOTAL EXPENSES $181,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,749	$217,839	-0.1%
Expenses	$181,634	$149,689	+0.2%
Net Income	$23,115	$68,150	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK ATKINS	EXECUTIVE DI	10.00	Officer Director	$0	$0	$0
JEFF HART	TRUSTEE	1.00	Director	$0	$0	$0
DAN HENRICKSON	TRUSTEE	1.00	Director	$0	$0	$0
LANCE JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN NUEMAYER	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SCIPIONI	TRUSTEE	1.00	Director	$0	$0	$0
LEAH WARWAS	TRUSTEE	1.00	Director	$0	$0	$0
CAREY YOUNG	CHAIRMAN	1.00	Officer 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	$204,749	$181,634	$182,837	$23,115
2024	$217,839	$149,689	$157,575	$68,150
2023	$189,618	$227,432	$86,977	$-37,814
2022	$193,867	$204,599	$129,155	$-10,732
2021	$161,867	$164,106	$141,176	$-2,239
2020	$160,667	$205,858	$146,049	$-45,191
2019	$144,352	$146,847	$180,745	$-2,495

IRON RANGE ELECTRICAL JOINT APPRENTICESHIP AND TRAINING TRUST