IRON WORKERS LOCAL UNION 384 JOINT APPRENTICESHIP COMMITTEE (EIN 621099585) - 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

1988

Legal Domicile

Principal Officer

CHRISTOPHER O'KEEFE

Phone

8656893371

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL UNION 384 JOINT APPRENTICESHIP COMMITTEE, founded in 1988, is a small nonprofit that reported $516K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $610K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE APPRENTICESHIP COMMITTEE PROVIDES INSTRUCTION IN TRADE SKILLS FOR APPRENTICE CRAFTSMEN ENTERING THE IRONWORKING TRADE AND OCCASIONALLY OFFERS ADVANCED CLASSES FOR JOURNEYMEN IRON WORKERS.

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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 $7,580

Program Service Revenue $505,845

Investment Income $0

Other Revenue $2,082

TOTAL REVENUE $515,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,996

Fundraising Expenses $0

Program Expenses $309,340

Other Expenses $163,720

TOTAL EXPENSES $609,716

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,507	$423,576	+0.2%
Expenses	$609,716	$643,958	-0.1%
Net Income	$-94,209	$-220,382	-0.6%

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

$115,695

Total Directors

$115,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BURCHFIELD	TRUSTEE	1.00	Director	$0	$0	$0
JOHANN SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE BROWN	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
WILLIAM SHEPARD	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
JEFF HENSLEY	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
RICHARD BREEDEN	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
CONNOR SMITH	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
CHRISTOPHER O'KEEFE	BUSINESS MANAGER	1.00	Officer	$0	$0	$0
RICHARD SMITH	DELEGATE	2.00	Director	$0	$0	$0
ROGER PHILLIPS	SERGEANT-AT-ARMS	2.00	Officer Director	$0	$0	$0
KENNETH BROWN	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
WHITNEY SHEPARD	CHAIRMAN	16.00	Officer Director	$32,828	$0	$32,828
AARON COLE	VICE PRESIDENT	40.00	Officer Director	$82,867	$0	$82,867
DAVID CRAYTON	PRESIDENT	1.00	Officer 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	$515,507	$609,716	$693,737	$-94,209
2024	$423,576	$643,958	$785,968	$-220,382
2023	$540,695	$615,162	$1,003,782	$-74,467
2022	$659,352	$662,504	$928,404	$-3,152
2021	$817,816	$514,597	$966,209	$303,219

IRON WORKERS LOCAL UNION 384 JOINT APPRENTICESHIP COMMITTEE