KENTUCKY LABORERS JOINT APPRENTICESHIP AND TRAINING TRUST FUND (EIN 611145645) - 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

1988

Legal Domicile

Principal Officer

ED WILLOUGHBY

Phone

5028393155

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY LABORERS JOINT APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1988, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 6% surplus.

Mission

A SCHOOL

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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 $15,790

Program Service Revenue $1,455,143

Investment Income $165,985

Other Revenue $13,412

TOTAL REVENUE $1,650,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $944,974

Fundraising Expenses $0

Program Expenses $938,838

Other Expenses $613,921

TOTAL EXPENSES $1,558,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,650,330	$1,198,556	+0.4%
Expenses	$1,558,895	$1,287,036	+0.2%
Net Income	$91,435	$-88,480	-2.0%

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

$341,162

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY WICKLINE	TRUSTEE	0.00	Director	$0	$0	$0
JEFF STORY	TRUSTEE	0.00	Director	$0	$0	$0
DONALD W TRAVIS	TRUSTEE	0.00	Director	$0	$0	$0
PERRY BLADES	TRUSTEE	0.00	Director	$0	$0	$0
TERRY BLADES	TRUSTEE	0.00	Director	$0	$0	$0
CORNELIUS COTTON	TRUSTEE	0.00	Director	$0	$0	$0
JEREMY JENKINS	TRUSTEE	0.00	Director	$0	$0	$0
GEOFFREY HARRISON	TRUSTEE	0.00	Director	$0	$0	$0
ED WILLOUGHBY	ADMINISTRATOR	40.00	Officer	$123,667	$82,780	$206,447
KIM HOWARD	OFFICE MANAGER	40.00	Officer	$66,162	$68,553	$134,715

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	$1,650,330	$1,558,895	$2,410,506	$91,435
2023	$1,198,556	$1,287,036	$2,283,594	$-88,480
2022	$1,000,943	$1,122,852	$2,318,673	$-121,909
2021	$1,100,002	$1,211,024	$2,576,271	$-111,022
2020	$1,155,347	$1,287,374	$2,813,040	$-132,027
2019	$1,111,029	$1,281,495	$2,840,077	$-170,466
2018	$1,124,034	$1,328,281	$2,965,845	$-204,247

KENTUCKY LABORERS JOINT APPRENTICESHIP AND TRAINING TRUST FUND