BAC LOCAL UNION 15 APPRENTICESHIP AND TRAINING FUND (EIN 431675429) - 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

1994

Legal Domicile

Principal Officer

DUSTIN HIMES

Phone

8167772668

Tax Period

2024-04-01 to 2025-03-31

BAC LOCAL UNION 15 APPRENTICESHIP AND TRAINING FUND, founded in 1994, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 10% surplus.

Mission

TRAINING OF APPRENTICES TO ENTER 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 $0

Program Service Revenue $588,748

Investment Income $68,398

Other Revenue $618,066

TOTAL REVENUE $1,275,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $869,810

Fundraising Expenses $0

Other Expenses $272,994

TOTAL EXPENSES $1,142,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,275,212	$652,381	+1.0%
Expenses	$1,142,804	$614,185	+0.9%
Net Income	$132,408	$38,196	+2.5%

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

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

$138,093

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUSTIN HIMES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CALEB MCCANDLESS	SECRETARY - UNTIL 3/10/25	1.00	Officer Director	$0	$0	$0
ALEX MARTINEZ	TRUSTEE	1.00	Director	$0	$0	$0
MATT HUGGINS	TRUSTEE	1.00	Director	$0	$0	$0
JOSH FRANKLIN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM E NEVILLE	TRUSTEE - UNTIL 4/18/24	1.00	Director	$0	$0	$0
BILL LIPP	TRUSTEE	1.00	Director	$0	$0	$0
WILL THOMAS	TRUSTEE - AS OF 4/18/24	1.00	Director	$0	$0	$0
EVA MCDORMAN	SECRETARY - AS OF 3/10/25	1.00	Officer Director	$0	$0	$0
RONNIE HEINSE JR	TRAINING DIRECTOR	40.00	Officer	$98,791	$39,302	$138,093

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	$1,275,212	$1,142,804	$1,824,162	$132,408
2024	$652,381	$614,185	$1,717,318	$38,196
2023	$620,229	$525,224	$1,606,304	$95,005
2022	$730,637	$508,199	$1,535,296	$222,438
2021	$657,766	$473,803	$1,390,184	$183,963
2020	$650,046	$555,183	$1,145,791	$94,863
2019	$492,352	$609,859	$1,065,806	$-117,507
2018	$511,106	$680,046	$1,148,309	$-168,940

BAC LOCAL UNION 15 APPRENTICESHIP AND TRAINING FUND