IRONWORKERS LOCAL NO 798 APP AND TRAI NING FUND (EIN 630804419) - 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

1980

Legal Domicile

Principal Officer

WILLIAM GRAVES

Phone

2513448220

Tax Period

2023-01-01 to 2023-12-31

IRONWORKERS LOCAL NO 798 APP AND TRAINING FUND, founded in 1980, is a small nonprofit that reported $395K in total revenue in fiscal year 2018. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 31% operating margin.

Mission

TRAINING FOR LOCAL 798 MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $30,000

Program Service Revenue $417,760

Investment Income $3,378

Other Revenue $15,292

TOTAL REVENUE $466,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,760

Fundraising Expenses $0

Program Expenses $244,499

Other Expenses $108,739

TOTAL EXPENSES $244,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,430	$303,238	+0.5%
Expenses	$244,499	$223,307	+0.1%
Net Income	$221,931	$79,931	+1.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOU LARTIGUE	MANAGEMENT TRUSTEE	5.00	Director	$0	$0	$0
TIM MILLER	LABOR TRUSTEE	5.00	Director	$0	$0	$0
TOMMY BREEDLOVE JR	LABOR TRUSTEE	5.00	Director	$0	$0	$0
OLAN ALBRITTON	LABOR TRUSTEE	5.00	Director	$0	$0	$0
KEN TODD	MANAGEMENT TRUSTEE	5.00	Director	$0	$0	$0
SCOTTIE MCCLURE	MANAGEMENT TRUSTEE	5.00	Director	$0	$0	$0
BRANDON ANDERSON	LABOR TRUSTEE	5.00	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
2024	No data	No data	No data	No data
2023	$466,430	$244,499	$810,106	$221,931
2022	$303,238	$223,307	$582,890	$79,931
2021	$217,167	$223,840	$526,114	$-6,673
2020	$233,119	$210,395	$532,249	$22,724
2019	$334,266	$304,825	$510,506	$29,441
2018	$395,457	$271,447	$481,062	$124,010

IRONWORKERS LOCAL NO 798 APP AND TRAI NING FUND