MICHIGAN STATEWIDE CARPENTERS AND MILLWRIGHTS JOINT APPR TRAIN FUND

EIN: 471972321 501(c)(3) Employment

LANSING, MI

Total Revenue
$16,633,988
Total Expenses
$11,118,413
Total Assets
$48,303,675
Net Assets
$34,014,664
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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
2014
Legal Domicile
MI
Principal Officer
MICHAEL BARNWELL
Phone
2485412740
Tax Period
2024-09-01 to 2025-08-31

MICHIGAN STATEWIDE CARPENTERS AND MILLWRIGHTS JOINT APPR TRAIN FUND, founded in 2014, is a mid-sized nonprofit in the Employment sector that reported $16.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.5M, a strong 33% operating margin.

Mission

TO PROVIDE EDUCATION, TRAINING, AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS OF THE FUND, THROUGH A TAFT HARTLEY COLLECTIVELY BARGANINED AGREEMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,241,986
Investment Income $1,716,678
Other Revenue $675,324
TOTAL REVENUE $16,633,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,989,132
Fundraising Expenses $0
Program Expenses $7,583,718
Other Expenses $3,756,581
TOTAL EXPENSES $11,118,413

Year-over-Year Comparison

2024 2023 Change
Revenue $16,633,988 $14,479,567 +0.1%
Expenses $11,118,413 $9,274,479 +0.2%
Net Income $5,515,575 $5,205,088 +0.1%
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

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Governance

Voting Members
16
Independent Members
14
Employees
44
Volunteers
14

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
3
$596,626
Total Directors
21
$1,808,019
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA PARDONNET SECRETARY 1.00
Officer Director
$0 $0 $0
JOSH GRAVES TRUSTEE 1.00
Director
$0 $0 $0
JIM JUDD TRUSTEE 1.00
Director
$0 $0 $0
COLIN MCLEAN TRUSTEE 1.00
Director
$0 $0 $0
NICK ROWLEY TRUSTEE 1.00
Director
$0 $0 $0
MIKE SHERMAN TRUSTEE 1.00
Director
$0 $0 $0
HARRY M SOMERSET III TRUSTEE 1.00
Director
$0 $0 $0
BILL WOOLWINE TRUSTEE 1.00
Director
$0 $0 $0
ANDREW FRALEY TRUSTEE - AL 1.00
Director
$0 $0 $0
PHIL RUFFIN TRUSTEE - AL 1.00
Director
$0 $0 $0
PAUL WRZESINSKI TRUSTEE - AL 1.00
Director
$0 $0 $0
MICHAEL BARNWELL CHAIRMAN 1.00
Officer Director
$0 $119,516 $318,592
PAUL JEWELL TRUSTEE 1.00
Director
$0 $100,223 $240,206
VINCE DAWE TRUSTEE 1.00
Director
$0 $76,535 $213,150
MIKE PARRETT TRUSTEE 1.00
Director
$0 $0 $0
KEVIN LUCKE TRUSTEE 1.00
Director
$0 $0 $0
THOMAS LUTZ TRUSTEE 1.00
Director
$0 $118,623 $370,113
RONALD MARACLE TRUSTEE 1.00
Director
$0 $0 $138,895
JASON REED TRUSTEE 1.00
Director
$0 $0 $0
RICHARD WILLIAMSON TRUSTEE - AL 1.00
Director
$0 $99,090 $249,029
TOD SANDY STATEWIDE DI 40.00
Officer Director
$173,834 $104,200 $278,034
BRIAN KERRIGAN TRUSTEE 0.00
$0 $78,419 $221,571
DAVE PEHRSON TRUSTEE 0.00
$0 $0 $138,507
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 $16,633,988 $11,118,413 $48,303,675 $5,515,575
2024 $14,479,567 $9,274,479 $51,268,595 $5,205,088
2023 $10,108,775 $8,891,147 $49,608,595 $1,217,628
2022 $12,507,573 $8,621,836 $50,142,323 $3,885,737
2021 $11,191,955 $7,198,140 $41,111,289 $3,993,815
2020 $9,822,311 $6,524,685 $21,495,765 $3,297,626
2019 $8,175,743 $6,216,185 $13,987,281 $1,959,558
2018 $6,690,710 $5,212,373 $8,852,360 $1,478,337
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