CARPENTERS LOCAL NO 491 TRAINING FUND (EIN 521848916) - 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

1994

Legal Domicile

Principal Officer

Todd Weitzman

Phone

4106836500

Tax Period

2023-01-01 to 2023-12-31

CARPENTERS LOCAL NO 491 TRAINING FUND, founded in 1994, is a small nonprofit that reported $308K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Trains employees of participating employers according to collective bargaining agreement

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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 $307,837

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $310,867

TOTAL EXPENSES $310,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,837	$278,181	+0.1%
Expenses	$310,867	$271,875	+0.1%
Net Income	$-3,030	$6,306	-1.5%

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
Sandy Forstner	Labor Trustee	1	Director	$0	$0	$0
Bill Sproule	Labor Trustee	1	Director	$0	$0	$0
Robert Tarby	Labor Trustee	1	Director	$0	$0	$0
Stephen DeLeon	Employer Trustee	1	Director	$0	$0	$0
Mike Joyce	Employer Trustee	1	Director	$0	$0	$0
Todd Weitzman	Employer Trustee	1	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	No data	No data	No data	No data
2023	$307,837	$310,867	$26,455	$-3,030
2022	$278,181	$271,875	$29,485	$6,306
2021	$97,209	$89,229	$23,862	$7,980
2020	$77,547	$88,397	$17,365	$-10,850

CARPENTERS LOCAL NO 491 TRAINING FUND