CARPENTERS INTERNATIONAL TRAINING FUND (EIN 526447063) - 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

1990

Legal Domicile

Principal Officer

DOUGLAS J MCCARRON

Phone

7029381111

Tax Period

2024-01-01 to 2024-12-31

CARPENTERS INTERNATIONAL TRAINING FUND, founded in 1990, is a mid-sized nonprofit that reported $54.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $47.9M left a modest 11% surplus.

Mission

PROVIDE A CENTRAL SUPPORT STRUCTURE FOR AFFILIATED JOINT APPRENTICESHIP AND TRAINING AND HEALTH AND SAFETY EDUCATION COMMITTEES

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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 $0

Program Service Revenue $55,265,285

Investment Income $-129,883

Other Revenue $-1,101,707

TOTAL REVENUE $54,033,695

Expense Breakdown

Grants Paid $4,889,982

Salaries & Benefits $4,115,577

Fundraising Expenses $0

Other Expenses $38,893,756

TOTAL EXPENSES $47,899,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,033,695	$60,025,418	-0.1%
Expenses	$47,899,315	$45,521,693	+0.1%
Net Income	$6,134,380	$14,503,725	-0.6%

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

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

$442,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS J MCCARRON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK MCGRIFF	TRUSTEE	1.00	Officer Director	$0	$0	$0
THOMAS J FLYNN	TRUSTEE	1.00	Officer Director	$0	$0	$0
JASON ROWE	TRUSTEE	1.00	Officer Director	$0	$0	$0
GARY PERINAR	TRUSTEE	1.00	Officer Director	$0	$0	$0
FRANK HAWK	TRUSTEE	1.00	Director	$0	$0	$0
NOEL BORCK	SECRETARY	1.00	Director	$0	$0	$0
JOSEPH COAR	TRUSTEE	1.00	Director	$0	$0	$0
JIM CLEMENS	TRUSTEE	1.00	Director	$0	$0	$0
TERRENCE ROCHE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD G HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT L JACOBSON	EXECUTIVE DIRECTOR	40.00	Officer	$326,443	$115,597	$442,040
CHAD D MCDONALD	SR. TECH COORDINATOR	40.00	Highest	$201,676	$88,782	$290,458
ANDREW M CARR	SR. TECH COORDINATOR	40.00	Highest	$201,628	$88,782	$290,410
JOHN PATRICK O'NEAL	TECH COORDINATOR	40.00	Highest	$155,346	$72,842	$228,188
ALFONSO BASTIDOS	TECH COORDINATOR	40.00	Highest	$155,226	$72,842	$228,068
BRIAN CONNEARNEY	TECH COORDINATOR	40.00	Highest	$155,148	$72,842	$227,990

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	$54,033,695	$47,899,315	$166,881,977	$6,134,380
2023	$60,025,418	$45,521,693	$155,401,129	$14,503,725
2022	$50,975,321	$43,558,657	$132,329,138	$7,416,664
2021	$64,985,553	$25,278,197	$129,909,108	$39,707,356
2020	$47,979,165	$27,391,070	$98,683,848	$20,588,095
2019	$45,493,225	$52,986,423	$75,371,124	$-7,493,198
2018	$42,954,100	$54,165,082	$78,390,324	$-11,210,982

CARPENTERS INTERNATIONAL TRAINING FUND