IRONWORKERS 549 JOINT APPRENTICE TRAINING FUND (EIN 550603515) - 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

1964

Legal Domicile

Phone

3042329610

Tax Period

2024-04-01 to 2025-03-31

IRONWORKERS 549 JOINT APPRENTICE TRAINING FUND, founded in 1964, is a small nonprofit in the Employment sector that reported $801K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $248K, a strong 31% operating margin.

Mission

THE IRON WORKERS 549 JOINT APPRENTICE TRAINING FUND PROVIDES A WELL-ORGANIZED AND SUPERVISED METHOD OF TRAINING PEOPLE TO BECOME AND REMAIN QUALIFIED JOURNEYMAN IRON WORKERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $777,798

Program Service Revenue $0

Investment Income $23,244

Other Revenue $0

TOTAL REVENUE $801,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,588

Fundraising Expenses $0

Program Expenses $468,074

Other Expenses $199,497

TOTAL EXPENSES $553,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$801,042	$405,210	+1.0%
Expenses	$553,160	$334,995	+0.7%
Net Income	$247,882	$70,215	+2.5%

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

N/A

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

$323,473

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN COULTER	BUSINESS MANAGER	5.00	Director	$0	$92,716	$218,576
KELLY DIERKES	PRESIDENT	5.00	Director	$0	$46,358	$104,897
KEITH HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
LES HARTMAN	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	$801,042	$553,160	$1,070,468	$247,882
2024	$405,210	$334,995	$847,091	$70,215
2023	$407,279	$443,079	$692,816	$-35,800
2022	$530,994	$426,153	$807,879	$104,841
2021	$533,027	$265,012	$762,033	$268,015
2020	$488,509	$396,487	$467,894	$92,022
2019	$359,528	$313,074	$389,878	$46,454

IRONWORKERS 549 JOINT APPRENTICE TRAINING FUND