NORTHEAST IOWA IRONWORKERS LOCAL 89 JATC TRUST (EIN 421099634) - 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

1952

Legal Domicile

Principal Officer

BROCK MUNSON

Phone

3193658675

Tax Period

2023-07-01 to 2024-06-30

NORTHEAST IOWA IRONWORKERS LOCAL 89 JATC TRUST, founded in 1952, is a small nonprofit in the Education sector that reported $459K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 20% operating margin.

Mission

TO FINANCE A TRAINING PROGRAM FOR APPRENTICE IRONWORKERS AS WELL AS A CONTINUING EDUCATION AND TRAINING PROGRAM FOR JOURNEYMEN IRONWORKERS.

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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 $445,064

Program Service Revenue $0

Investment Income $8,286

Other Revenue $5,168

TOTAL REVENUE $458,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,854

Fundraising Expenses $0

Program Expenses $232,903

Other Expenses $151,127

TOTAL EXPENSES $364,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$458,518	$357,988	+0.3%
Expenses	$364,981	$356,880	+0.0%
Net Income	$93,537	$1,108	+83.4%

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

$21,634

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE COLESON	TRUSTEE	1.00	Director	$11,493	$0	$11,493
JACOB BALLARD	TRUSTEE ALTE	1.00	Director	$10,141	$0	$10,141
CRAIG BREITBACH	TRUSTEE CHAI	1.00	Officer Director	$0	$0	$0
BROCK MUNSON	RECORDING SE	1.00	Officer Director	$0	$0	$0
DAN HACKBARTH	TRUSTEE	1.00	Director	$0	$0	$0
JON YUNGTUM	TRUSTEE	1.00	Director	$0	$0	$0
SETH GORMAN	BUSINESS MAN	10.00	Director	$0	$0	$0
MICHELE MEANS	TRUSTEE ALTE	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
2025	No data	No data	No data	No data
2024	$458,518	$364,981	$1,263,196	$93,537
2023	$357,988	$356,880	$1,170,333	$1,108
2022	$286,786	$312,525	$1,167,265	$-25,739
2021	$564,269	$289,503	$1,191,341	$274,766
2020	$286,865	$254,169	$918,150	$32,696
2019	$383,187	$266,281	$890,156	$116,906

NORTHEAST IOWA IRONWORKERS LOCAL 89 JATC TRUST