Ironworkers LU 606 - Apprenticeship (EIN 480734107) - 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

1968

Legal Domicile

Principal Officer

Andrew Chance

Phone

3162642424

Tax Period

2021-05-01 to 2022-04-30

Ironworkers LU 606 - Apprenticeship, founded in 1968, is a small nonprofit that reported $146K in total revenue in fiscal year 2021. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $138K left a modest 5% surplus.

Mission

Apprentice Training

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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 (2021)

Revenue Breakdown

Contributions & Grants $121,965

Program Service Revenue $18,590

Investment Income $5,140

Other Revenue $0

TOTAL REVENUE $145,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,525

Fundraising Expenses $0

Program Expenses $138,076

Other Expenses $110,551

TOTAL EXPENSES $138,076

Year-over-Year Comparison

	2021	2020	Change
Revenue	$145,695	$123,370	+0.2%
Expenses	$138,076	$121,542	+0.1%
Net Income	$7,619	$1,828	+3.2%

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

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

$17,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Chance	Coordinator	5.00	Director	$5,000	$0	$5,000
J D Doesken	Trustee	1.00	Director	$0	$0	$0
Jerry Griffith	Trustee	1.00	Director	$0	$0	$0
Joe Smith	Trustee	1.00	Director	$0	$0	$0
Gary Bentley	Trustee	1.00	Director	$9,184	$0	$9,184
Christopher Mathews	Trustee	1.00	Director	$3,400	$0	$3,400

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
2022	$145,695	$138,076	$960,550	$7,619
2021	$123,370	$121,542	$1,001,166	$1,828
2020	$159,030	$153,646	$1,009,620	$5,384
2019	$155,527	$131,900	$1,047,371	$23,627
2018	$107,499	$111,904	$1,042,861	$-4,405

Ironworkers LU 606 - Apprenticeship