TWIN CITY AREA HEAT & FROST INSULATORS LOCAL 34 APPRENTICESHIP FUND (EIN 416054711) - 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

1966

Legal Domicile

Principal Officer

ALBERT BYERS

Phone

6513121249

Tax Period

2024-01-01 to 2024-12-31

TWIN CITY AREA HEAT & FROST INSULATORS LOCAL 34 APPRENTICESHIP FUND, founded in 1966, is a small nonprofit that reported $595K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 17% operating margin.

Mission

APPRENTICESHIP TRAINING FUND

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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 $5,500

Program Service Revenue $582,283

Investment Income $4,712

Other Revenue $2,630

TOTAL REVENUE $595,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,283

Fundraising Expenses $0

Other Expenses $197,473

TOTAL EXPENSES $496,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$595,125	$489,113	+0.2%
Expenses	$496,756	$574,494	-0.1%
Net Income	$98,369	$-85,381	-2.2%

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

$83,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANTLEY GREKOFF	TRUSTEE	1.00	Director	$0	$0	$0
TROY DAY	TRUSTEE	1.00	Director	$0	$0	$0
ALBERT BYERS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MEYER	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA SHEEHAN	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
ERIC HALLER	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
JOHN HOSLEY JR	TRUSTEE - PAST / INSTRUCTOR	8.00	Director	$16,966	$48	$17,014
JORDON KING	TRUSTEE - PAST / COORDINATOR	45.00	Director	$53,517	$12,880	$66,397
KEVIN GIBBONS	TRUSTEE - PAST	1.00	Director	$0	$0	$0
TAMMI OTTO	TRUSTEE - PAST	1.00	Director	$0	$0	$0
BRIAN BROOKS	TRUSTEE - PAST	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
2024	$595,125	$496,756	$442,059	$98,369
2023	$489,113	$574,494	$340,957	$-85,381
2022	$450,120	$562,290	$426,338	$-112,170
2021	$512,634	$505,998	$538,508	$6,636
2020	$468,854	$554,263	$531,872	$-85,409
2019	$619,805	$605,505	$617,281	$14,300
2018	$551,566	$639,442	$602,981	$-87,876

TWIN CITY AREA HEAT & FROST INSULATORS LOCAL 34 APPRENTICESHIP FUND