MEMPHIS AREA ASBESTOS WORKERS JATC (EIN 620946473) - 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

1977

Legal Domicile

Principal Officer

A CLINT GARNER

Phone

9013867045

Tax Period

2024-01-01 to 2024-12-31

MEMPHIS AREA ASBESTOS WORKERS JATC, founded in 1977, is a small nonprofit that reported $342K in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 45% operating margin.

Mission

TO PROVIDE TRAINING FOR (APPROXIMATELY 50 DURING 2024) APPRENTICES OF THE INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL 90.

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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 $342,340

Investment Income $8

Other Revenue $0

TOTAL REVENUE $342,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,565

Fundraising Expenses $0

Program Expenses $183,559

Other Expenses $118,488

TOTAL EXPENSES $187,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,348	$148,312	+1.3%
Expenses	$187,053	$116,527	+0.6%
Net Income	$155,295	$31,785	+3.9%

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

$37,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT AUSTIN	CONTRACTOR REPRESENT	2.00	Director	$0	$0	$0
JASON CARPENTER	UNION REPRESENTATIVE	2.00	Director	$0	$0	$0
WADE SCHNEIDT	CONTRACTOR REPRESENTATIVE	2.00	Director	$0	$0	$0
JOE BLAKE JOYNER	UNION REPRESENTATIVE	2.00	Director	$0	$0	$0
WILLIAM BO KAHLER	UNION REPRESENTATIVE	2.00	Director	$0	$0	$0
A CLINT GARNER	APPRENTICE DIRECTOR	20.00	Officer	$37,922	$0	$37,922

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
2024	$342,348	$187,053	$229,261	$155,295

MEMPHIS AREA ASBESTOS WORKERS JATC