NATIONAL IRONWORKERS AND EMPLOYERS APPRENTICESHIP TRAINING AND JOURNEYMAN UPGRAD

EIN: 521358405 501(c)(3)

WASHINGTON, DC

Total Revenue
$6,209,973
Total Expenses
$6,290,670
Total Assets
$4,056,378
Net Assets
$3,823,531
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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
1984
Legal Domicile
DC
Principal Officer
ERIC DEAN
Phone
2023834889
Tax Period
2024-01-01 to 2024-12-31

NATIONAL IRONWORKERS AND EMPLOYERS APPRENTICESHIP TRAINING AND JOURNEYMAN UPGRAD, founded in 1984, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

To ensure that the union ironworkers have the skills, knowledge and training necessary to be safe on the job site, competitive in the work place and satisfied in their careers.

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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 $5,695,471
Program Service Revenue $499,359
Investment Income $15,143
Other Revenue $0
TOTAL REVENUE $6,209,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,873,206
Other Expenses $6,290,670
TOTAL EXPENSES $6,290,670

Year-over-Year Comparison

2024 2023 Change
Revenue $6,209,973 $5,744,172 +0.1%
Expenses $6,290,670 $6,073,455 +0.0%
Net Income $-80,697 $-329,283 -0.8%
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
8
Independent Members
8
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
3
$370,179
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE WORLEY EXECUTIVE DIRECTOR 40.0
Officer
$278,909 $91,270 $370,179
VICTOR CORNELLIER CO-CHAIR/EMPLOYER TRUSTEE 2.0
Officer Director
$0 $0 $0
ERIC DEAN CO-CHAIR/UNION TRUSTEE 2.0
Officer Director
$0 $0 $0
WILLIAM BROWN EMPLOYER TRUSTEE 2.0
Director
$0 $0 $0
DAVID MCEUEN EMPLOYER TRUSTEE 2.0
Director
$0 $0 $0
JOESPH MERLINO EMPLOYER TRUSTEE 2.0
Director
$0 $0 $0
DAVID OSBORNE UNION TRUSTEE 2.0
Director
$0 $0 $0
Kevin Bryenton UNION TRUSTEE 2.0
Director
$0 $0 $0
James Mahoney UNION TRUSTEE 2.0
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 $6,209,973 $6,290,670 $4,056,378 $-80,697
2023 $5,744,172 $6,073,455 $4,161,841 $-329,283
2022 $5,330,223 $5,768,403 $4,543,059 $-438,180
2021 $5,454,323 $4,581,207 $5,084,760 $873,116
2020 $4,224,920 $4,768,106 $4,479,159 $-543,186
2019 $7,719,524 $6,576,843 $4,580,717 $1,142,681
2018 $7,794,050 $6,708,027 $3,458,329 $1,086,023
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