IRON WORKERS LOCAL 577 JOINT APPRE… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

JAMES ACTON

Phone

3193138581

Tax Period

2021-06-01 to 2022-05-31

IRON WORKERS LOCAL 577 JOINT APPRENTICESHIP COMMITTEE, founded in 1980, is a small nonprofit that reported $117K in total revenue in fiscal year 2021. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $149K exceeded revenue, resulting in a 27% operating deficit.

Mission

THIS COMMITTEE OF UNION MEMBERS AND EMPLOYERS WORKS TOGETHER TO PROVIDE THE EDUCATION NEEDED AND REQUIRED FOR APPRENTICES AND JOURNEYMEN UPGRADING. UPDATED TRAINING IS ALSO PROVIDED IN OSHA, CPR, FIRST AID AND HAZARDOUS MATERIALS.

Program Service Accomplishments

Program 1

NIEAT/IMPACT ( PER CAPITA) ASSESSMENTS - PROVIDES TRAINING MATERIALS , DRUG TESTING PROGRAM, INSTRUCTOR TRAINING , AND VARIOUS TOOLS AND EQUIPMENT FOR TRAINING APPRENTICES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $114,916

Program Service Revenue $0

Investment Income $550

Other Revenue $1,628

TOTAL REVENUE $117,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,497

Fundraising Expenses $0

Other Expenses $54,280

TOTAL EXPENSES $148,777

Year-over-Year Comparison

	2021	2020	Change
Revenue	$117,094	$97,634	+0.2%
Expenses	$148,777	$161,148	-0.1%
Net Income	$-31,683	$-63,514	-0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ACTON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
TIM BALL	TRUSTEE	N/A	Director	$0	$0	$0
GERALD BEYER	TRUSTEE	N/A	Director	$0	$0	$0
BRETT COBERLEY	TRUSTEE	N/A	Director	$0	$0	$0
RONALD FERGUSON	TRUSTEE	N/A	Director	$0	$0	$0
PAUL SCHULTE	TRUSTEE	N/A	Director	$0	$0	$0
LEE SCOTT	TRUSTEE	N/A	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
2022	$117,094	$148,777	$197,130	$-31,683
2021	$97,634	$161,148	$249,136	$-63,514
2020	$166,086	$182,877	$293,248	$-16,791
2019	$106,971	$202,491	$306,316	$-95,520

IRON WORKERS LOCAL 577 JOINT APPRENTICESHIP COMMITTEE