IRONWORKERS LOCAL UNION NO 167 TRAINING FUND (EIN 620797562) - 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

1968

Legal Domicile

Principal Officer

JAMES COLE

Phone

6158590131

Tax Period

2022-08-01 to 2023-07-31

IRONWORKERS LOCAL UNION NO 167 TRAINING FUND, founded in 1968, is a small nonprofit that reported $899K in total revenue in fiscal year 2022. Revenue surged 335% from the prior year, signaling strong growth momentum. The organization ran a surplus of $473K, a strong 53% operating margin.

Mission

TRAINING OF IRONWORKERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $840,531

Investment Income $218

Other Revenue $58,071

TOTAL REVENUE $898,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,756

Fundraising Expenses $0

Program Expenses $394,919

Other Expenses $262,596

TOTAL EXPENSES $425,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$898,820	$206,572	+3.4%
Expenses	$425,352	$283,239	+0.5%
Net Income	$473,468	$-76,667	-7.2%

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

$207

Total Directors

$207

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COLE	CHAIRMAN	2.00	Officer Director	$207	$0	$207
CHRIS BROCK	TRUSTEE	2.00	Director	$0	$0	$0
COREY GLOVER	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	$898,820	$425,352	$927,344	$473,468
2022	$206,572	$283,239	$440,894	$-76,667
2021	$281,033	$270,746	$506,425	$10,287
2020	$264,767	$278,972	$494,338	$-14,205
2019	$286,573	$185,384	$523,843	$101,189
2018	$247,859	$261,279	$413,245	$-13,420

IRONWORKERS LOCAL UNION NO 167 TRAINING FUND