IOWA PIPE TRADES & HVAC TRAINING INSTITUTE (EIN 420836255) - 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

1955

Legal Domicile

Principal Officer

JASON SHANKS

Phone

5155580499

Tax Period

2023-01-01 to 2023-12-31

IOWA PIPE TRADES & HVAC TRAINING INSTITUTE, founded in 1955, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSES OF THIS TRUST SHALL BE TO PROVIDE THE TRAINING AND EDUCATION OF PLUMBER AND STEAMFITTER APPRENTICES AND JOURNEYMEN.

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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 $554,627

Program Service Revenue $3,414,664

Investment Income $162,265

Other Revenue $16

TOTAL REVENUE $4,131,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,431,795

Fundraising Expenses $0

Other Expenses $2,692,443

TOTAL EXPENSES $4,124,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,131,572	$3,419,310	+0.2%
Expenses	$4,124,238	$3,664,546	+0.1%
Net Income	$7,334	$-245,236	-1.0%

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

$180,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY LINDQUIST	TRAINING DIR	50.00	Officer	$125,964	$54,990	$180,954
JAMES BIRD	INSTRUCTOR	50.00	Highest	$117,262	$54,990	$172,252
LEE GARD	INSTRUCTOR	50.00	Highest	$117,262	$54,990	$172,252
CHRIS ONSTOT	INSTRUCTOR	50.00	Highest	$117,262	$54,990	$172,252
BRIAN PATTON	INSTRUCTOR	50.00	Highest	$117,262	$54,990	$172,252
JOE SHELTON	INSTRUCTOR	50.00	Highest	$117,262	$54,990	$172,252
CURT BAKER	TRUSTEE	2.00	Director	$0	$0	$0
ROB CROSS	SECRETARY	2.00	Director	$0	$0	$0
JOE HANNAM	TRUSTEE	2.00	Director	$0	$0	$0
JIM SHAFFER JR	TRUSTEE	2.00	Officer Director	$0	$0	$0
TONI KNIGHT	TRUSTEE	2.00	Director	$0	$0	$0
JASON NORTON	TRUSTEE	2.00	Director	$0	$0	$0
DAN SCHUMACHER	TRUSTEE	2.00	Director	$0	$0	$0
JASON SHANKS	CHAIRMAN	2.00	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
2024	No data	No data	No data	No data
2023	$4,131,572	$4,124,238	$7,251,186	$7,334
2022	$3,419,310	$3,664,546	$6,872,313	$-245,236
2021	$3,419,938	$3,301,098	$7,686,899	$118,840
2020	$3,536,086	$2,550,473	$7,718,725	$985,613
2019	$3,405,748	$3,033,783	$6,429,093	$371,965
2018	$3,227,817	$2,267,191	$5,754,706	$960,626

IOWA PIPE TRADES & HVAC TRAINING INSTITUTE