FIVE RIVERS CARPENTERS DISTRICT COUNCIL EDUCATIONAL TRUST FUND (EIN 421074443) - 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

1975

Legal Domicile

Principal Officer

WAYNE NORDIN

Phone

3193659519

Tax Period

2022-07-01 to 2023-04-30

FIVE RIVERS CARPENTERS DISTRICT COUNCIL EDUCATIONAL TRUST FUND, founded in 1975, is a small nonprofit that reported $473K in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 283% operating deficit.

Mission

PROVIDING CARPENTRY TRAINING AND EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $466,533

Investment Income $2,800

Other Revenue $3,511

TOTAL REVENUE $472,844

Expense Breakdown

Grants Paid $1,211,054

Salaries & Benefits $361,178

Fundraising Expenses $0

Program Expenses $1,558,455

Other Expenses $237,743

TOTAL EXPENSES $1,809,975

Year-over-Year Comparison

	2022	2021	Change
Revenue	$472,844	$670,620	-0.3%
Expenses	$1,809,975	$705,994	+1.6%
Net Income	$-1,337,131	$-35,374	+36.8%

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

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

$115,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID UNZEITIG	SECRETARY	1.00	Officer Director	$0	$0	$0
JOE FAY	TRUSTEE	1.00	Director	$0	$0	$0
ROYCE PETERSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT DOUBEK	TRUSTEE	1.00	Director	$0	$0	$0
DOUG WHITE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE NIENHAUS	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
DEREK DUEHR	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW DELANY	TRAINING DIRECTOR	50.00	Officer	$80,230	$35,395	$115,625

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
2023	$472,844	$1,809,975	No data	$-1,337,131
2022	$670,620	$705,994	$1,354,948	$-35,374
2021	$671,523	$687,117	$1,396,786	$-15,594
2020	$567,634	$727,945	$1,512,641	$-160,311
2019	$642,136	$765,242	$1,593,029	$-123,106
2018	$614,298	$754,110	$1,727,050	$-139,812

FIVE RIVERS CARPENTERS DISTRICT COUNCIL EDUCATIONAL TRUST FUND