ASSOCIATED BUILDERS & CONTRACTORS APPREN TICESHIP & CRAFT TRAINING EDUCATION TRUS (EIN 720938113) - 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

2004

Legal Domicile

Principal Officer

PAUL MURRAY

Phone

5044683188

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATED BUILDERS & CONTRACTORS APPREN TICESHIP & CRAFT TRAINING EDUCATION TRUS, founded in 2004, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $499K, a strong 31% operating margin.

Mission

TO ASSIST IN THE TRAINING AND DEVELOPMENT OF INDIVIDUALS TO ACQUIRE OR BETTER THEIR SKILLS.

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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 $10,000

Program Service Revenue $1,586,963

Investment Income $1,361

Other Revenue $35,639

TOTAL REVENUE $1,633,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,722

Fundraising Expenses $0

Program Expenses $695,468

Other Expenses $899,280

TOTAL EXPENSES $1,135,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,633,963	$831,147	+1.0%
Expenses	$1,135,002	$825,020	+0.4%
Net Income	$498,961	$6,127	+80.4%

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

$136,192

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MURRAY	CHAIRMAN/ TRUSTEE	1.00	Officer Director	$0	$0	$0
BYRON RAGAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CASSAGNE	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS ZERINGUE	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE CHRISTOVICH	TRUSTEE	1.00	Director	$0	$0	$0
JEB BRUNEAU	EX-OFFICIO	6.00	Officer	$0	$12,324	$136,192

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	$1,633,963	$1,135,002	$2,068,758	$498,961
2023	$831,147	$825,020	$1,559,655	$6,127
2022	$673,692	$864,731	$1,490,855	$-191,039
2021	$833,787	$761,821	$1,654,163	$71,966
2020	$842,927	$866,542	$1,625,960	$-23,615
2019	$822,963	$886,909	$1,661,738	$-63,946
2018	$840,241	$893,684	$1,684,162	$-53,443

ASSOCIATED BUILDERS & CONTRACTORS APPREN TICESHIP & CRAFT TRAINING EDUCATION TRUS