MILLWRIGHTS LOCAL UNION NO 443 JOINT APPRENTICESHIP AND TRAINING TRUST (EIN 550571785) - 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

1973

Legal Domicile

Principal Officer

JESSE STACY

Phone

3044221593

Tax Period

2019-07-01 to 2020-06-30

MILLWRIGHTS LOCAL UNION NO 443 JOINT APPRENTICESHIP AND TRAINING TRUST, founded in 1973, is a small nonprofit that reported $292K in total revenue in fiscal year 2019. Expenses of $322K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE TRAINING FOR APPRENTICE AND JOURNEYMEN MILLWRIGHTS SO THEY CAN PERFORM THEIR OCCUPATIONS IN A SKILLED MANNER

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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 (2019)

Revenue Breakdown

Contributions & Grants $12,000

Program Service Revenue $263,344

Investment Income $268

Other Revenue $15,895

TOTAL REVENUE $291,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,247

Fundraising Expenses $0

Program Expenses $251,459

Other Expenses $139,217

TOTAL EXPENSES $322,464

Year-over-Year Comparison

	2019	2018	Change
Revenue	$291,507	$279,742	+0.0%
Expenses	$322,464	$322,799	0.0%
Net Income	$-30,957	$-43,057	-0.3%

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

$171,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN WITUCKY	TRUSTEE	2.00	Director	$0	$0	$0
DENZIL MALONE	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN MILLER	TRUSTEE	2.00	Director	$0	$0	$0
RICH DELUCA	TRUSTEE	2.00	Director	$0	$0	$0
CLINTON SUGGS	CHAIRMAN	2.00	Officer	$0	$0	$0
JESSE STACY	CO-CHAIRMAN	2.00	Officer	$0	$70,408	$171,853

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
2020	$291,507	$322,464	$956,743	$-30,957
2020	$112,211	$169,224	No data	$-57,013
2019	$279,742	$322,799	$949,930	$-43,057

MILLWRIGHTS LOCAL UNION NO 443 JOINT APPRENTICESHIP AND TRAINING TRUST