IRON WORKERS LOCAL UNION NO 5S JOINT APPRENTICESHIP AND TRAINING FUND (EIN 475140865) - 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

2016

Legal Domicile

Principal Officer

AARON T BAST

Phone

3015990960

Tax Period

2023-07-01 to 2024-06-30

IRON WORKERS LOCAL UNION NO 5S JOINT APPRENTICESHIP AND TRAINING FUND, founded in 2016, is a micro nonprofit that reported $58K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $36K, a strong 62% operating margin.

Mission

TO ASSIST IN TRAINING NEW MEMBERS ENTERING THE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $57,873

Investment Income $0

Other Revenue $0

TOTAL REVENUE $57,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $22,250

TOTAL EXPENSES $22,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,873	$110,013	-0.5%
Expenses	$22,250	$80,215	-0.7%
Net Income	$35,623	$29,798	+0.2%

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

N/A

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
AARON BAST	TRUSTEE (UNION)	1.00	Director	$0	$0	$0
DAVID CORNELLIER	TRUSTEE (EMPLOYER)	1.00	Director	$0	$0	$0
CHRIS NEWTON	TRUSTEE (UNION)	1.00	Director	$0	$0	$0
JIM SIMPSON	TRUSTEE (EMPLOYER)	1.00	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
2024	$57,873	$22,250	No data	$35,623
2023	$110,013	$80,215	$183,262	$29,798
2022	$186,171	$187,896	$153,464	$-1,725
2021	$174,192	$168,161	$155,189	$6,031
2020	$243,361	$186,217	$149,158	$57,144
2019	$183,464	$235,219	$92,014	$-51,755
2018	$220,697	$148,163	$143,769	$72,534

IRON WORKERS LOCAL UNION NO 5S JOINT APPRENTICESHIP AND TRAINING FUND