INTERNATIONAL TRAINING FUND

EIN: 530238416 501(c)(3) Community Improvement

ANNAPOLIS, MD

Total Revenue
$36,605,064
Total Expenses
$36,694,661
Total Assets
$56,936,917
Net Assets
$54,156,666
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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
1956
Legal Domicile
MD
Principal Officer
RAYMOND BOYD
Phone
4102692000
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL TRAINING FUND, founded in 1956, is a mid-sized nonprofit in the Community Improvement sector that reported $36.6M in total revenue in fiscal year 2024.

Mission

TO PROVIDE TRAINING AND RELATED BENEFITS TO ELIGIBLE ENTITIES.

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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 $200,000
Program Service Revenue $35,234,643
Investment Income $1,170,421
Other Revenue $0
TOTAL REVENUE $36,605,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,383,618
Fundraising Expenses $0
Program Expenses $33,702,506
Other Expenses $30,311,043
TOTAL EXPENSES $36,694,661

Year-over-Year Comparison

2024 2023 Change
Revenue $36,605,064 $35,871,236 +0.0%
Expenses $36,694,661 $36,682,629 +0.0%
Net Income $-89,597 $-811,393 -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
12
Independent Members
11
Employees
29
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
$453,080
Total Directors
12
$457,630
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL SCHERBER TRUSTEE 1.00
Director
$0 $0 $1,750
RENEE FIORELLI CO-CHAIRMAN 1.00
Director
$0 $0 $0
RAYMOND BOYD CHAIRMAN 40.00
Officer Director
$0 $112,354 $453,080
LANCE GUNNELLS TRUSTEE 1.00
Director
$0 $0 $0
KEVIN BELLEW TRUSTEE 1.00
Director
$0 $0 $2,800
JOHN MCNEILA TRUSTEE 1.00
Director
$0 $0 $0
GREGORY LANCETTE TRUSTEE 1.00
Director
$0 $0 $0
GREG FULLER TRUSTEE 1.00
Director
$0 $0 $0
ERIC MUSSYNSKI TRUSTEE 1.00
Director
$0 $0 $0
CORDELL TIETZ TRUSTEE 1.00
Director
$0 $0 $0
BRIAN RICH TRUSTEE 1.00
Director
$0 $0 $0
AARON BUTLER TRUSTEE 1.00
Director
$0 $0 $0
RANDALL GANDY TRAINING SPECIALIST 40.00
Highest
$237,725 $84,212 $321,937
MICHEAL HAZARD TRAINING SPECIALIST 40.00
Highest
$238,144 $94,116 $332,260
MICHAEL GALFANO ASSISTANT DIRECTOR 40.00
Highest
$273,016 $96,651 $369,667
JOSEPH FERNANDEZ JR TRAINING SPECIALIST 40.00
Highest
$238,099 $94,116 $332,215
JENNIFER MASSEY TRAINING SPECIALIST 40.00
Highest
$238,313 $70,050 $308,363
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 $36,605,064 $36,694,661 $56,936,917 $-89,597
2023 $35,871,236 $36,682,629 $54,012,417 $-811,393
2022 $32,761,205 $37,428,951 $52,577,653 $-4,667,746
2021 $32,226,310 $26,387,022 $65,607,769 $5,839,288
2020 $34,291,353 $25,085,160 $55,417,158 $9,206,193
2019 $31,738,629 $26,595,268 $43,308,470 $5,143,361
2018 $31,889,742 $25,934,046 $33,259,152 $5,955,696
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