LOCAL 125 JATC FUND

EIN: 426235695 501(c)(3) Education

CEDAR RAPIDS, IA

Total Revenue
$2,188,015
Total Expenses
$2,240,467
Total Assets
$4,805,125
Net Assets
$4,644,083
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IA
Principal Officer
JOHN HARMS
Phone
3193629259
Tax Period
2024-05-01 to 2025-04-30

LOCAL 125 JATC FUND, founded in 2002, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $4.6M represent 25 months of operating reserves.

Mission

TO PROVIDE PLUMBING AND PIPEFITTING TRAINING FOR APPRENTICES AND JOURNEYMEN IN EASTERN IOWA. IT IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,281
Program Service Revenue $1,965,780
Investment Income $84,095
Other Revenue $5,859
TOTAL REVENUE $2,188,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,224,686
Fundraising Expenses $0
Program Expenses $1,598,219
Other Expenses $1,015,781
TOTAL EXPENSES $2,240,467

Year-over-Year Comparison

2024 2023 Change
Revenue $2,188,015 $1,925,687 +0.1%
Expenses $2,240,467 $2,076,235 +0.1%
Net Income $-52,452 $-150,548 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
14
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
4
$312,465
Total Directors
12
$5,677
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM WILKINS TRAINING DIR 45.00
Officer
$120,297 $52,609 $172,906
JOHN HARMS TRAINING DIR 45.00
Officer
$95,609 $41,748 $137,357
PAT OLDHAM TRUSTEE/TREA 1.50
Officer Director
$2,202 $0 $2,202
JIM GERMAINE TRUSTEE 1.50
Director
$2,157 $0 $2,157
GORDON RYAN ALTERNATE TR 1.50
Director
$1,318 $0 $1,318
BRAD BRECKE TRUSTEE 1.50
Director
$0 $0 $0
BROCK HOLUB ALTERNATE TR 1.50
Director
$0 $0 $0
DAVE HUSTON ALTERNATE TR 1.50
Director
$0 $0 $0
MIKE SADLER II ALTERNATE TR 1.50
Director
$0 $0 $0
PAUL KLUESNER ALTERNATE TR 1.50
Director
$0 $0 $0
JEFF KOEPPEL TRUSTEE 1.50
Director
$0 $0 $0
RANDY STAAB CHAIRMAN/TRU 1.50
Officer Director
$0 $0 $0
SCOT STOLTENBERG ALTERNATE TR 1.50
Director
$0 $0 $0
JUSTIN WUNDERLICH TRUSTEE 1.50
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 $2,188,015 $2,240,467 $4,805,125 $-52,452
2024 $1,925,687 $2,076,235 $4,894,136 $-150,548
2023 $1,968,399 $1,839,459 $4,985,941 $128,940
2022 $1,959,097 $1,812,706 $4,880,798 $146,391
2021 $1,984,757 $1,576,001 $5,185,304 $408,756
2020 $1,333,081 $1,834,171 $4,502,588 $-501,090
2019 $1,439,418 $1,622,315 $4,851,311 $-182,897
Explore More Nonprofits
→Top 100 Nonprofits in Iowa →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LOCAL 125 JATC FUND with other nonprofits in Iowa and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.