IUPAT - FINISHING TRADES INSTITUTE

EIN: 521923143 501(c)(3)

HANOVER, MD

Total Revenue
$19,385,067
Total Expenses
$18,212,841
Total Assets
$19,323,512
Net Assets
$15,605,989
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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
1995
Legal Domicile
MD
Principal Officer
JAMES A WILLIAMS JR
Phone
4105645850
Tax Period
2023-07-01 to 2024-06-30

IUPAT - FINISHING TRADES INSTITUTE, founded in 1995, is a mid-sized nonprofit that reported $19.4M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $18.2M left a modest 6% surplus.

Mission

THE PURPOSE OF THE FTI IS TO ESTABLISH AND MAINTAIN JOINT APPRENTICESHIP AND VOCATIONAL TRAINING, EDUCATION AND RETRAINING PROGRAMS AND TO ENSURE THAT ALL TRAINING AND APPRENTICESHIP PROGRAMS THROUGHOUT THE UNITED STATES AND CANADA ARE MAINTAINED AT THE HIGHEST LEVEL OF QUALITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,489,295
Program Service Revenue $10,242,592
Investment Income $351,284
Other Revenue $301,896
TOTAL REVENUE $19,385,067

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,037,455
Fundraising Expenses $0
Program Expenses $14,906,673
Other Expenses $10,175,386
TOTAL EXPENSES $18,212,841

Year-over-Year Comparison

2023 2022 Change
Revenue $19,385,067 $9,124,803 +1.1%
Expenses $18,212,841 $9,853,970 +0.8%
Net Income $1,172,226 $-729,167 -2.6%
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
14
Independent Members
14
Employees
21
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
$286,197
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES WILLIAMS JR CO-CHAIRMAN 1.00
Director
$0 $0 $0
PETER CAFIERO CO-CHAIRMAN 1.00
Director
$0 $0 $0
GREGG SMITH TRUSTEE 1.00
Director
$0 $0 $0
THOMAS CORBETT TRUSTEE 1.00
Director
$0 $0 $0
PAUL CANNING TRUSTEE 1.00
Director
$0 $0 $0
JEFFERY DREISWERD TRUSTEE 1.00
Director
$0 $0 $0
CHARLIE MEADOWS TRUSTEE 1.00
Director
$0 $0 $0
LEONIDAS FOTAKOS TRUSTEE 1.00
Director
$0 $0 $0
MIKE GUTIERREZ TRUSTEE 1.00
Director
$0 $0 $0
DAVID W JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
JAMES BRINGLE TRUSTEE (P) 1.00
Director
$0 $0 $0
ROBERT KUCHERAN TRUSTEE (P) 1.00
Director
$0 $0 $0
LEE SULLIVAN TRUSTEE 1.00
Director
$0 $0 $0
BRIAN COURTIEN TRUSTEE 1.00
Director
$0 $0 $0
SIMON HAZELWOOD TRUSTEE 1.00
Director
$0 $0 $0
ERIK TICKLER TRUSTEE 1.00
Director
$0 $0 $0
ANTON RUESING DIRECTOR 20.00
Officer
$0 $43,363 $286,197
THOMAS PFUNDSTEIN DIRECTOR OF CURRICULUM & I 40.00
Highest
$170,392 $40,331 $210,723
BERNARD MIZULA APPRENTICE & TRAINING REP 40.00
Highest
$164,553 $37,873 $202,426
ANTIONETTE GREEN APPRENTICE & TRAINING REP 40.00
Highest
$149,866 $38,153 $188,019
MATTHEW FOX APPRENTICE & TRAINING REP 40.00
Highest
$139,277 $37,966 $177,243
KENNETH SEAL SPECIALIST INTERNATIONAL 40.00
Highest
$138,502 $38,135 $176,637
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 No data No data No data No data
2024 $19,385,067 $18,212,841 $19,323,512 $1,172,226
2023 $9,124,803 $9,853,970 $18,442,178 $-729,167
2022 $8,227,781 $8,695,511 $15,978,358 $-467,730
2021 $7,845,156 $6,228,364 $16,339,084 $1,616,792
2020 $10,050,669 $6,901,412 $14,644,861 $3,149,257
2019 $9,677,071 $9,921,161 $11,770,666 $-244,090
2018 $9,496,182 $10,716,734 $11,538,794 $-1,220,552
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