Board of Trustees of the Ironworkers Apprenticeship Program (EIN 550553945) - 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

1989

Legal Domicile

Principal Officer

Brad Winans

Phone

3044856231

Tax Period

2023-01-01 to 2023-12-31

Board of Trustees of the Ironworkers Apprenticeship Program, founded in 1989, is a small nonprofit that reported $195K in total revenue in fiscal year 2023. Expenses of $179K left a modest 8% surplus.

Mission

To develop higher standards of skills through training and education.

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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 $0

Program Service Revenue $184,990

Investment Income $3,743

Other Revenue $6,290

TOTAL REVENUE $195,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,574

Fundraising Expenses $0

Program Expenses $160,138

Other Expenses $103,721

TOTAL EXPENSES $179,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,023	$188,964	+0.0%
Expenses	$179,295	$139,050	+0.3%
Net Income	$15,728	$49,914	-0.7%

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

$168,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clinton Suggs	Trustee	2.00	Officer Director	$0	$0	$0
Dave Archer	Trustee	1.00	Director	$0	$0	$0
Chris Campbell	Trustee	1.00	Director	$0	$0	$0
Andrew T Cooper	Trustee	1.00	Director	$0	$0	$0
Bradley C Winans	Trustee	2.00	Director	$0	$74,861	$168,779
Leroy W Collins	Trustee	1.00	Director	$67	$0	$67

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	$195,023	$179,295	$451,688	$15,728
2022	$188,964	$139,050	$436,428	$49,914
2021	$130,180	$117,604	$384,594	$12,576
2020	$122,081	$144,609	$372,021	$-22,528
2019	$190,651	$171,556	$394,514	$19,095

Board of Trustees of the Ironworkers Apprenticeship Program