IRON WORKERS APPRENTICESHIP FUND - LOCAL 709 (EIN 586046762) - 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

1965

Legal Domicile

Principal Officer

WILLIAM MCMILLAN

Phone

9127485118

Tax Period

2022-07-01 to 2023-06-30

IRON WORKERS APPRENTICESHIP FUND - LOCAL 709, founded in 1965, is a small nonprofit that reported $657K in total revenue in fiscal year 2022. The organization ran a surplus of $150K, a strong 23% operating margin.

Mission

THE ORGANIZATION TRAINS IRONWORKERS. UPON COMPLETION OF THE FOUR APPRENTICESHIP PROGRAM, GRADUATES ARE JOURNEYMEN IRONWORKERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $584,227

Investment Income $72,736

Other Revenue $0

TOTAL REVENUE $656,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,953

Fundraising Expenses $0

Program Expenses $473,706

Other Expenses $155,422

TOTAL EXPENSES $507,375

Year-over-Year Comparison

	2022	2021	Change
Revenue	$656,963	$672,974	0.0%
Expenses	$507,375	$491,519	+0.0%
Net Income	$149,588	$181,455	-0.2%

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
WILLIAM MCMILLAN	CHAIRMAN	001.00	Officer Director	$0	$0	$0
RICHARD JAMES	VICE CHAIRMAN	001.00	Officer Director	$0	$0	$0
ANDY STONE	PRESIDENT	001.00	Officer Director	$0	$0	$0
CHRIS ROWLAND	SECRETARY	001.00	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$656,963	$507,375	$4,056,793	$149,588
2022	$672,974	$491,519	$3,902,246	$181,455
2021	$794,011	$546,193	$3,711,780	$247,818
2020	$1,000,427	$487,346	$3,467,652	$513,081
2019	$857,392	$478,714	$2,947,260	$378,678
2018	$864,825	$515,368	$2,517,758	$349,457

IRON WORKERS APPRENTICESHIP FUND - LOCAL 709