IRON WORKERS LOCAL NO 769 APPRENTICESHIP AND TRAINING TRUST FUND (EIN 616034594) - 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

1996

Legal Domicile

Principal Officer

RUSSELL MONTGOMERY

Phone

6069299656

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL NO 769 APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1996, is a small nonprofit that reported $402K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

IRON WORKERS LOCAL #769 APPRENTICESHIP AND TRAINING TRUST FUND PROVIDES TRAINING FOR MEMBERS OF IRON WORKERS LOCAL #769.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $336,330

Investment Income $452

Other Revenue $65,007

TOTAL REVENUE $401,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,212

Fundraising Expenses $0

Program Expenses $403,496

Other Expenses $301,284

TOTAL EXPENSES $403,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$401,789	$330,893	+0.2%
Expenses	$403,496	$385,354	+0.0%
Net Income	$-1,707	$-54,461	-1.0%

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

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

$86,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY JOHNSON	SGT OF ARMS/CONDUCTOR	0.00	Director	$0	$0	$0
ROBERT PRESTON	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
SAUL LOZADA	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
CLINT MCNEAL	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
BRETT SHIPMAN	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
BILLY DATON	TRUSTEE	0.00	Director	$0	$0	$0
STEVE JUSTICE	TRUSTEE	0.00	Director	$0	$0	$0
TOM NICHOLS	EXECUTIVE BOARD	0.00	Director	$0	$0	$0
CODY MCNEAL	TRUSTEE	0.00	Director	$0	$0	$0
RUSSELL MONTGOMERY	BUSINESS MANAGER	1.00	Officer	$0	$0	$0
MICHAEL BLAKEMAN	PRESIDENT	40.00	Officer	$86,979	$0	$86,979
RODNEY VANCE	SECRETARY	0.00	Officer	$0	$0	$0
JORDAN STRICKLAND	VICE PRESIDENT	0.00	Officer	$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	$401,789	$403,496	$577,288	$-1,707
2024	$330,893	$385,354	$607,828	$-54,461
2023	$325,246	$321,722	$607,856	$3,524
2022	$286,205	$253,059	$624,180	$33,146
2021	$229,544	$218,500	$598,615	$11,044
2020	$191,102	$246,832	$607,161	$-55,730
2019	$309,289	$336,460	$652,367	$-27,171

IRON WORKERS LOCAL NO 769 APPRENTICESHIP AND TRAINING TRUST FUND