FINISHING TRADES INSTITUTE OF MARYLAND VIRGINIA WASHINGTON DC AND VICINITIES

EIN: 522119765 501(c)(3) Employment

LANHAM, MD

Total Revenue
$1,263,246
Total Expenses
$1,270,842
Total Assets
$2,287,668
Net Assets
$1,463,369
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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
1955
Legal Domicile
MD
Principal Officer
BRIAN COURTIEN
Phone
3014200205
Tax Period
2024-01-01 to 2024-12-31

FINISHING TRADES INSTITUTE OF MARYLAND VIRGINIA WASHINGTON DC AND VICINITIES, founded in 1955, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO ESTABLISH AND MAINTAIN JOINT APPRENTICESHIP AND VOCATIONAL TRAINING, EDUCATION, AND RETRAINING PROGRAMS.

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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 $101,974
Program Service Revenue $1,161,272
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,263,246

Expense Breakdown

Grants Paid $4,941
Salaries & Benefits $687,613
Fundraising Expenses $0
Program Expenses $1,074,022
Other Expenses $578,288
TOTAL EXPENSES $1,270,842

Year-over-Year Comparison

2024 2023 Change
Revenue $1,263,246 $1,159,975 +0.1%
Expenses $1,270,842 $1,223,816 +0.0%
Net Income $-7,596 $-63,841 -0.9%
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
9
Independent Members
6
Employees
9
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
0
$0
Total Directors
9
$841,874
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES PARKER TRUSTEE-LABOR 2.00
Director
$0 $51,523 $174,014
DERWIN SCALPH TRUSTEE-LABOR 2.00
Director
$0 $47,581 $158,323
JOSE RAUDA TRUSTEE-LABOR 2.00
Director
$0 $47,581 $158,518
ANDREW CANTER CO-CHAIR 2.00
Director
$0 $0 $0
SEAN CONTO TRUSTEE-MANAGEMENT 2.00
Director
$0 $0 $0
ALEX EVANS TRUSTEE-MANAGEMENT 2.00
Director
$0 $0 $0
HAROLD PANNILL TRUSTEE-MANAGEMENT 2.00
Director
$0 $0 $0
BRIAN COURTIEN CO-CHAIR 2.00
Director
$0 $59,408 $205,330
BRYAN MONROE TRUSTEE-LABOR 2.00
Director
$0 $43,872 $145,689
JAMES REAMY EMPLOYEE 40.00
Highest
$104,942 $49,887 $154,829
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 $1,263,246 $1,270,842 $2,287,668 $-7,596
2023 $1,159,975 $1,223,816 $2,284,216 $-63,841
2022 $1,146,031 $1,212,952 $2,436,121 $-66,921
2021 $1,261,516 $1,160,408 $1,822,115 $101,108
2020 $1,420,085 $1,316,737 $1,735,797 $103,348
2018 $1,756,949 $1,429,624 $1,493,268 $327,325
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