BIRMINGHAM IRONWORKERS TRAINING PROGRAM TRUST (EIN 630419881) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

THOMAS MATHIS

Phone

2052513372

Tax Period

2024-07-01 to 2025-06-30

Birmingham Ironworkers Training Program Trust, founded in 1950, is a small nonprofit that reported $488K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $2.9M represent 71 months of operating reserves.

Mission

TRAINING OF IRONWORKERS APPRENTICES TO BECOME SKILLED JOURNEYMEN IN THEIR TRADE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $77,168

Program Service Revenue $556,397

Investment Income $80,932

Other Revenue $10,895

TOTAL REVENUE $725,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,038

Fundraising Expenses $0

Program Expenses $683,854

Other Expenses $363,816

TOTAL EXPENSES $683,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$725,392	$536,718	+0.4%
Expenses	$683,854	$634,540	+0.1%
Net Income	$41,538	$-97,822	-1.4%

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

$131,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE BAILEY	CHAIRMAN	2.00	Director	$0	$0	$0
RANDY NIBLETT	TRUSTEE	2.00	Director	$0	$0	$0
JAMES L BOWLEN	SECRETARY	2.00	Director	$0	$0	$0
FRED B MADDOX	TRUSTEE - PAST	2.00	Director	$0	$0	$0
STEPHEN TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
GAVIN RATHBONE	TRUSTEE	2.00	Director	$0	$0	$0
JIM LOVE	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS MATHIS	COORDINATOR	40.00	Officer	$100,656	$31,075	$131,731

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	$725,392	$683,854	$2,192,256	$41,538
2024	$536,718	$634,540	$2,154,790	$-97,822
2023	$427,272	$558,935	$2,253,948	$-131,663
2022	$508,880	$616,190	$2,383,319	$-107,310
2021	$370,965	$704,590	$2,545,239	$-333,625
2019	$488,472	$527,152	$2,886,566	$-38,680

BIRMINGHAM IRONWORKERS TRAINING PROGRAM TRUST