IRONWORKERS LOCAL 597 JOINT APPRENTICESHIP AND TRAINING FUND (EIN 592198672) - 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

Jody Crews

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

IRONWORKERS LOCAL 597 JOINT APPRENTICESHIP AND TRAINING FUND, founded in 1989, is a small nonprofit that reported $617K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $248K, a strong 40% operating margin.

Mission

Trained apprentices in the Ironworking trade.

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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 $288,458

Investment Income $277,597

Other Revenue $51,265

TOTAL REVENUE $617,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,075

Fundraising Expenses $0

Program Expenses $368,304

Other Expenses $239,697

TOTAL EXPENSES $369,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$617,320	$474,553	+0.3%
Expenses	$369,772	$379,082	0.0%
Net Income	$247,548	$95,471	+1.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jody Crews	Chairman	5.00	Officer Director	$0	$0	$0
Clarence Pittman	Trustee	5.00	Director	$0	$0	$0
Bill Bradley	Secretary	5.00	Officer Director	$0	$0	$0
David Cook	Trustee	5.00	Director	$0	$0	$0
Richard Sadler	Trustee	5.00	Director	$0	$0	$0
Chris Allen	Trustee	5.00	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
2023	$617,320	$369,772	$1,005,183	$247,548
2022	$474,553	$379,082	$747,126	$95,471
2021	$415,803	$325,419	$645,997	$90,384
2020	$335,955	$264,133	$516,582	$71,822
2019	$384,547	$287,224	$444,263	$97,323
2018	$274,893	$250,297	$344,934	$24,596

IRONWORKERS LOCAL 597 JOINT APPRENTICESHIP AND TRAINING FUND