LOCAL 67 TRAINING PROGRAM TRUST (EIN 510195703) - 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

JOSEPH DURBY

Phone

5152629366

Tax Period

2024-12-01 to 2025-11-30

LOCAL 67 TRAINING PROGRAM TRUST, founded in 1968, is a small nonprofit that reported $500K in total revenue in fiscal year 2024. Expenses of $557K exceeded revenue, resulting in a 11% operating deficit.

Mission

THIS IS A MULTIEMPLOYER COLLECTIVELY BARGAINED PLAN THAT PROVIDES TRAINING AND EDUCATION FOR APPRENTICES 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $85,050

Program Service Revenue $388,917

Investment Income $18,819

Other Revenue $6,870

TOTAL REVENUE $499,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,999

Fundraising Expenses $0

Other Expenses $266,570

TOTAL EXPENSES $556,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$499,656	$520,084	0.0%
Expenses	$556,569	$604,540	-0.1%
Net Income	$-56,913	$-84,456	-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

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

$160,026

Total Directors

$32,903

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD BLEIMEHL	APPRENTICE C	40.00	Officer	$111,016	$49,010	$160,026
JOSEPH DURBY	TRUSTEE/INST	6.00	Director	$17,952	$0	$17,952
MASON MCGAFFIN	TRUSTEE/INST	5.00	Director	$14,951	$0	$14,951
BRAD CHURCHILL	TRUSTEE	1.00	Director	$0	$0	$0
STEVE FANGMAN	TRUSTEE	1.00	Director	$0	$0	$0
BEN NIZZI	TRUSTEE	1.00	Director	$0	$0	$0
SHAUN O'TOOL	TRUSTEE	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	$499,656	$556,569	$1,358,366	$-56,913
2024	$520,084	$604,540	$1,428,205	$-84,456
2023	$536,249	$631,938	$1,532,002	$-95,689
2022	$613,289	$544,174	$1,594,547	$69,115
2021	$606,926	$408,307	$1,529,928	$198,619
2020	$660,102	$395,601	$1,358,315	$264,501
2019	$779,345	$435,750	$1,061,037	$343,595
2018	$540,712	$405,973	$767,322	$134,739

LOCAL 67 TRAINING PROGRAM TRUST