ASSOCIATED BUILDERS AND CONTRACTORS OF IOWA APPRENTICESHIP TRUST FUND (EIN 426339442) - 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

1999

Legal Domicile

Principal Officer

GREG SPENNER

Phone

5159851160

Tax Period

2023-07-01 to 2024-06-30

ASSOCIATED BUILDERS AND CONTRACTORS OF IOWA APPRENTICESHIP TRUST FUND, founded in 1999, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Expenses of $2.4M left a modest 8% surplus.

Mission

TO PROVIDE APPRENTICESHIP TRAINING TO CONTRACTORS AND THEIR EMPLOYEES.

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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 $752,325

Program Service Revenue $1,612,646

Investment Income $105,511

Other Revenue $84,815

TOTAL REVENUE $2,555,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $422,994

Fundraising Expenses $0

Program Expenses $1,268,001

Other Expenses $1,931,316

TOTAL EXPENSES $2,354,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,555,297	$2,454,405	+0.0%
Expenses	$2,354,310	$2,358,662	0.0%
Net Income	$200,987	$95,743	+1.1%

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

$543,097

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN BURDEN	TRUSTEE	2.00	Director	$0	$0	$0
MIKE O'DAY	TRUSTEE	2.00	Director	$0	$0	$0
BILL SPETH	TRUSTEE	2.00	Director	$0	$0	$0
RUSTY ROHE	TRUSTEE	2.00	Director	$0	$0	$0
DAN LEWIS	TRUSTEE	2.00	Director	$0	$0	$0
CHAD HOUSTON	TRUSTEE	2.00	Director	$0	$0	$0
JIM ELLIS	TRUSTEE	2.00	Director	$0	$0	$0
KENT MEYN	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN CARSON	TRUSTEE	2.00	Director	$0	$0	$0
GREG SPENNER	EXECUTIVE DIRECTOR	25.00	Key Emp	$0	$46,586	$320,955
VIRGINNIA SHINDELAR	VICE PRESIDENT	50.00	Key Emp	$0	$40,179	$222,142

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	$2,555,297	$2,354,310	$7,116,168	$200,987
2023	$2,454,405	$2,358,662	$6,975,235	$95,743
2022	$2,189,401	$2,204,306	$6,375,809	$-14,905
2021	$2,577,244	$2,093,077	$6,448,845	$484,167
2020	$2,766,028	$2,019,660	$5,960,157	$746,368
2019	$2,695,855	$2,169,952	$5,739,848	$525,903

ASSOCIATED BUILDERS AND CONTRACTORS OF IOWA APPRENTICESHIP TRUST FUND