IOWA LABORERS' EDUCATION AND TRAINING TRUST FUND (EIN 421103470) - 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

1978

Legal Domicile

Principal Officer

ED ELY

Phone

5152706965

Tax Period

2024-01-01 to 2024-12-31

IOWA LABORERS' EDUCATION AND TRAINING TRUST FUND, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $398K, a strong 28% operating margin.

Mission

EDUCATION AND TRAINING IN THE LABORERS TRADE.

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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 $100,226

Program Service Revenue $891,312

Investment Income $420,360

Other Revenue $20,426

TOTAL REVENUE $1,432,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $566,779

Fundraising Expenses $0

Other Expenses $467,957

TOTAL EXPENSES $1,034,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,432,324	$979,521	+0.5%
Expenses	$1,034,736	$1,046,265	0.0%
Net Income	$397,588	$-66,744	-7.0%

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

$138,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PENN	TRUSTEE	0.50	Director	$0	$0	$0
DANNY HEMMINGER	TRUSTEE	0.50	Director	$0	$0	$0
MIKE TUTHILL	TRUSTEE	0.50	Director	$0	$0	$0
MIKE WECKMAN- PAST	TRUSTEE	0.50	Officer Director	$0	$0	$0
JIM PIAZZA JR	CHARIMAN	0.50	Officer Director	$0	$0	$0
STEVE FERGUSON	TRUSTEE	0.50	Director	$0	$0	$0
DOUG WHITE	TRUSTEE	0.50	Director	$0	$0	$0
BRAD GEZEL	TRUSTEE	0.50	Officer Director	$0	$0	$0
ED ELY	DIRECTOR	40.00	Officer	$101,759	$37,159	$138,918

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	$1,432,324	$1,034,736	$2,413,814	$397,588
2023	$979,521	$1,046,265	$2,311,649	$-66,744
2022	$870,017	$1,076,288	$2,445,972	$-206,271
2021	$1,058,576	$1,063,875	$2,958,779	$-5,299
2020	$944,937	$963,171	$1,658,150	$-18,234
2019	$1,126,145	$1,088,094	$1,531,373	$38,051
2018	$1,270,001	$1,012,465	$1,390,587	$257,536

IOWA LABORERS' EDUCATION AND TRAINING TRUST FUND