Florida Carpenters Training Trust Fund (EIN 591300080) - 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

2002

Legal Domicile

Principal Officer

James Banks

Phone

9547399200

Tax Period

2023-07-01 to 2024-06-30

Florida Carpenters Training Trust Fund, founded in 2002, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

The Funds purpose is to provide training and education benefits to eligible participants under terms of collective bargaining agreements between the various employers and the Florida Carpenters Regional Council.

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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 $643,330

Program Service Revenue $1,588,983

Investment Income $159,186

Other Revenue $202,764

TOTAL REVENUE $2,594,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,721,636

Fundraising Expenses $0

Program Expenses $2,861,379

Other Expenses $1,139,743

TOTAL EXPENSES $2,861,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,594,263	$2,397,803	+0.1%
Expenses	$2,861,379	$2,710,793	+0.1%
Net Income	$-267,116	$-312,990	-0.1%

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

$140,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jimmie Jordan Jr	Director	040.00	Key Emp Highest	$140,000	$0	$140,000
Preston Taylor	Secretary/Treasurer	001.00	Director	$0	$0	$0
James Banks	Chairman	001.00	Director	$0	$0	$0
Randy Page	Trustee	001.00	Director	$0	$0	$0
Matt Swanson	Vice-Chairman	001.00	Director	$0	$0	$0
Harold Richardson	Trustee	001.00	Director	$0	$0	$0
James Baker	Trustee	001.00	Director	$0	$0	$0
D Walker	Trustee	001.00	Director	$0	$0	$0
Frank D'Angelo	Trustee	001.00	Director	$0	$0	$0
Joseph Crews	Trustee	001.00	Director	$0	$0	$0
Scott Alfele	Trustee	001.00	Director	$0	$0	$0
Alexander Jiron	Trustee	001.00	Director	$0	$0	$0
Daniel Mullis	Trustee	001.00	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
2024	$2,594,263	$2,861,379	$4,335,686	$-267,116
2023	$2,397,803	$2,710,793	$4,616,159	$-312,990
2022	$2,107,026	$2,265,985	$4,860,653	$-158,959
2021	$2,434,736	$2,147,719	$5,143,507	$287,017
2020	$2,764,278	$2,374,980	$4,668,484	$389,298
2019	$2,515,701	$2,375,830	$4,352,772	$139,871
2018	$2,284,399	$2,304,990	$4,077,244	$-20,591

Florida Carpenters Training Trust Fund