IRON WORKERS LU 397 APPRENTICESHIP TRUST FUND (EIN 596365948) - 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

1971

Legal Domicile

Principal Officer

KEVEN BARBER

Phone

8136231515

Tax Period

2023-01-01 to 2023-12-31

IRON WORKERS LU 397 APPRENTICESHIP TRUST FUND, founded in 1971, is a small nonprofit that reported $751K in total revenue in fiscal year 2023. Expenses of $703K left a modest 6% surplus.

Mission

TO PROVIDE UP-TO-DATE TRAINING AND INSTRUCTION FOR APPRENTICES IN THE FIELD OF IRONWORKING.

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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 $719,505

Program Service Revenue $0

Investment Income $21,780

Other Revenue $9,707

TOTAL REVENUE $750,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $396,201

Fundraising Expenses $0

Other Expenses $306,792

TOTAL EXPENSES $702,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$750,992	$714,315	+0.1%
Expenses	$702,993	$750,461	-0.1%
Net Income	$47,999	$-36,146	-2.3%

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

$316,080

Total Directors

$316,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS PHELPS	CHAIRMAN	2.00	Officer Director	$0	$54,769	$146,123
KEVEN BARBER	CO-CHARIMAN	2.00	Officer Director	$0	$61,597	$169,957
PRESTON TAYLOR	SECRETARY	2.00	Officer Director	$0	$0	$0
GREG GIANAKOS	TRUSTEE	2.00	Director	$0	$0	$0
BUTCH KINNEY	TRUSTEE	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$750,992	$702,993	$2,024,360	$47,999
2022	$714,315	$750,461	$1,993,125	$-36,146
2021	$712,946	$626,710	$1,968,649	$86,236
2020	$789,074	$597,262	$1,880,981	$191,812
2019	$787,130	$635,664	$1,693,813	$151,466

IRON WORKERS LU 397 APPRENTICESHIP TRUST FUND