ASSOC STEEL ERECTORS OF KY IRONWOR… - Form 990 Financial Data

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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

1958

Legal Domicile

Principal Officer

JIM STILES

Phone

5026343348

Tax Period

2023-07-01 to 2024-06-30

ASSOC STEEL ERECTORS OF KY IRONWORKERS LOCAL 70 APPRENTICE EDUCATIONAL FUND, founded in 1958, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $764K, a strong 46% operating margin.

Mission

PROVIDE TRAINING AND EDUCATION COURSES FOR APPRENTICES IN THE IRONWORKING AND STEEL ERECTORS TRADE.

Program Service Accomplishments

Program 1

TRAINING AND EDUCATIONAL COURSES FOR APPRENTICES IN THE IRONWORKING AND STEEL ERECTORS 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 $30,000

Program Service Revenue $1,603,456

Investment Income $18,547

Other Revenue $0

TOTAL REVENUE $1,652,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $583,647

Fundraising Expenses $0

Other Expenses $304,514

TOTAL EXPENSES $888,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,652,003	$1,088,942	+0.5%
Expenses	$888,161	$656,039	+0.4%
Net Income	$763,842	$432,903	+0.8%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY BOWER	CHAIRMAN	2.00	Director	$0	$0	$0
CHRISTOPHER BELL	TRUSTEE	2.00	Director	$0	$0	$0
MARK BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
JIM BREWER	TRUSTEE	2.00	Director	$0	$0	$0
JIM STILES	TREASURER/SECRETARY	2.00	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	No data	No data	No data	No data
2024	$1,652,003	$888,161	$2,030,477	$763,842
2023	$1,088,942	$656,039	$1,266,786	$432,903
2022	$594,436	$507,684	$837,512	$86,752
2021	$339,052	$435,493	$828,792	$-96,441

ASSOC STEEL ERECTORS OF KY IRONWORKERS LOCAL 70 APPRENTICE EDUCATIONAL FUND