Chattanooga Iron Workers JAC Fund (EIN 620756763) - 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

1967

Legal Domicile

Principal Officer

Phillip Burney

Phone

4236984198

Tax Period

2024-07-01 to 2025-06-30

Chattanooga Iron Workers JAC Fund, founded in 1967, is a small nonprofit that reported $612K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $195K, a strong 32% operating margin.

Mission

To provide instruction in trade skills for apprentice craftsmen entering the ironworking trade, and to offer advanced classes for journeymen.

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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 $546,693

Investment Income $65,466

Other Revenue $0

TOTAL REVENUE $612,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,422

Fundraising Expenses $0

Program Expenses $309,611

Other Expenses $152,099

TOTAL EXPENSES $417,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$612,159	$659,019	-0.1%
Expenses	$417,521	$383,454	+0.1%
Net Income	$194,638	$275,565	-0.3%

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

Total Directors

$124,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Booker	Vice Chairman	1.00	Officer Director	$0	$0	$0
Ryan Scott	Chairman	1.00	Officer Director	$0	$0	$0
Phillip Burney	Training Director	40.00	Director	$84,302	$40,407	$124,709

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	$612,159	$417,521	$1,383,013	$194,638
2024	$659,019	$383,454	$1,133,089	$275,565
2023	$691,529	$445,321	$819,182	$246,208
2022	$570,382	$350,572	$589,910	$219,810
2021	$390,891	$319,843	$335,518	$71,048
2020	$381,802	$357,028	$264,607	$24,774
2019	$384,297	$395,405	$239,937	$-11,108

Chattanooga Iron Workers JAC Fund