IRONWORKERS LOCAL 21 T&E FUND

EIN: 510181330 501(c)(3) Education

OMAHA, NE

Total Revenue
$936,614
Total Expenses
$693,233
Total Assets
$2,287,134
Net Assets
$2,276,593
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NE
Principal Officer
BOB GROTHE
Phone
4023330276
Tax Period
2024-10-01 to 2025-09-30

IRONWORKERS LOCAL 21 T&E FUND, founded in 1975, is a small nonprofit in the Education sector that reported $937K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $243K, a strong 26% operating margin.

Mission

THIS IS A MULTIEMPLOYER COLLECTIVELY BARGAINED PLAN THAT PROVIDES TRAINING AND EDUCATION FOR APPRENTICE AND JOURNEYMAN IRONWORKERS.

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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 $907,740
Investment Income $24,502
Other Revenue $4,372
TOTAL REVENUE $936,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $379,853
Fundraising Expenses $0
Program Expenses $641,637
Other Expenses $313,380
TOTAL EXPENSES $693,233

Year-over-Year Comparison

2024 2023 Change
Revenue $936,614 $777,652 +0.2%
Expenses $693,233 $584,456 +0.2%
Net Income $243,381 $193,196 +0.3%
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
11
Independent Members
9
Employees
29
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
1
$150,638
Total Directors
11
$15,623
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON WILLEY APPRENT. COO 48.00
Officer
$98,535 $52,103 $150,638
WAYNE THOMPSON COMMITTEE ME 1.00
Director
$3,798 $2,045 $5,843
JOSH TITUS COMMITTEE ME 1.00
Director
$3,437 $1,871 $5,308
BLAKE ROLLAG COMMITTEE ME 1.00
Director
$3,042 $1,430 $4,472
BILL FULLER CHAIRMAN 1.00
Director
$0 $0 $0
BOB GROTHE COMMITTEE ME 1.00
Director
$0 $0 $0
TOM MOEN COMMITTEE ME 1.00
Director
$0 $0 $0
JOSE MONTES COMMITTEE ME 1.00
Director
$0 $0 $0
MITCH MUNSTERMANN COMMITTEE ME 1.00
Director
$0 $0 $0
MIKE NEWBURN COMMITTEE ME 1.00
Director
$0 $0 $0
AARON WILSON COMMITTEE ME 1.00
Director
$0 $0 $0
RUSS ZEISLER COMMITTEE ME 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
2025 $936,614 $693,233 $2,287,134 $243,381
2024 $777,652 $584,456 $2,040,398 $193,196
2023 $663,558 $474,794 $1,849,227 $188,764
2022 $825,720 $584,272 $1,658,428 $241,448
2021 $762,089 $553,696 $1,424,210 $208,393
2020 $794,974 $512,953 $1,209,480 $282,021
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