West Virginia Laborers' Training Trust Fund (EIN 550524967) - 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

1967

Legal Domicile

Principal Officer

Jessie King

Phone

3044899665

Tax Period

2023-01-01 to 2023-12-31

West Virginia Laborers' Training Trust Fund, founded in 1967, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 49% operating margin.

Mission

Provide training to construction industry membership

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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 (2023)

Revenue Breakdown

Contributions & Grants $73,704

Program Service Revenue $4,051,363

Investment Income $772,697

Other Revenue $0

TOTAL REVENUE $4,897,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,487,495

Fundraising Expenses $0

Program Expenses $1,847,555

Other Expenses $739,382

TOTAL EXPENSES $2,493,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,897,764	$2,895,824	+0.7%
Expenses	$2,493,282	$1,973,524	+0.3%
Net Income	$2,404,482	$922,300	+1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Coffield	Trustee	1.00	Director	$0	$0	$0
Jim Carney	Trustee	1.00	Director	$0	$0	$0
Jason Hershman	Trustee	1.00	Director	$0	$0	$0
Greg Casdorph	Trustee	1.00	Director	$0	$0	$0
Calvin Brogan	Trustee	1.00	Director	$0	$0	$0
Justin Gray	Trustee	1.00	Director	$0	$0	$0
Matthew Freeland	Trustee	1.00	Director	$0	$0	$0
Byron McGrady	Trustee	1.00	Director	$0	$0	$0
Dan Loy	Trustee	1.00	Director	$0	$0	$0
Jessie King	Trustee	1.00	Director	$0	$0	$0
Charles Taylor	Trustee	1.00	Director	$0	$0	$0
Mary K Prim	Trustee	1.00	Director	$0	$0	$0
Jeremy Kennell	Trustee	1.00	Director	$0	$0	$0
John Weaver	Trustee	1.00	Director	$0	$0	$0
George Guthrie	Trustee	1.00	Director	$0	$0	$0
Ken Lake	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
2024	No data	No data	No data	No data
2023	$4,897,764	$2,493,282	$24,912,362	$2,404,482
2022	$2,895,824	$1,973,524	$21,726,240	$922,300
2021	$3,278,673	$1,838,656	$23,372,455	$1,440,017
2020	$3,139,532	$1,705,922	$21,989,969	$1,433,610
2019	$8,041,430	$1,987,939	$20,165,997	$6,053,491
2018	$9,815,866	$2,032,445	$13,831,224	$7,783,421

West Virginia Laborers' Training Trust Fund