IRON WORKERS LOCAL 28 APPRENTICE F… - Form 990 Financial Data

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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

1966

Legal Domicile

Phone

8047162244

Tax Period

2025-01-01 to 2025-12-31

IRON WORKERS LOCAL 28 APPRENTICE FUND, founded in 1966, is a small nonprofit in the Employment sector that reported $696K in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 26% operating margin.

Mission

PROVIDE EDUCATION AND TRAINING TO APPRENTICE FOR ADMITTANCE TO THE IRONWORKERS TRADE PROFESSION.

Program Service Accomplishments

Program 1

THE IRONWORKERS APPRENTICE FUND PROVIDES TRAINING AND JOUNEYMAN UPGRADING FOR ALL APPRENTICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $669,141

Investment Income $27,169

Other Revenue $0

TOTAL REVENUE $696,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,614

Fundraising Expenses $0

Other Expenses $300,329

TOTAL EXPENSES $516,943

Year-over-Year Comparison

	2025	2024	Change
Revenue	$696,310	$451,267	+0.5%
Expenses	$516,943	$415,414	+0.2%
Net Income	$179,367	$35,853	+4.0%

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

Total Directors

$83,289

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KEVIN POOLE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MAYNARD CONNER	APPRENTICE COORDINATOR	40.00	Director	$54,729	$0	$83,289
JAMES HERNDON	TRUSTEE	1.00	Director	$0	$0	$0
LARRY PATTERSON	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SADLER	TRUSTEE	1.00	Director	$0	$0	$0
GENE SNOW	TRUSTEE	1.00	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
2025	$696,310	$516,943	$1,542,953	$179,367
2024	No data	No data	No data	No data
2023	$580,614	$274,088	$1,329,361	$306,526
2022	$317,364	$240,877	$1,022,838	$76,487
2021	$274,892	$236,911	$949,105	$37,981
2020	$222,635	$229,285	$909,996	$-6,650
2019	$278,007	$238,350	$919,867	$39,657
2018	$415,746	$243,644	$879,021	$172,102

IRON WORKERS LOCAL 28 APPRENTICE FUND