Iron Workers Local Union No 584 Joint Apprenticeship and Training Fund (EIN 730792884) - 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

1990

Legal Domicile

Principal Officer

Eric Lemley

Phone

9182344980

Tax Period

2023-01-01 to 2023-12-31

Iron Workers Local Union No 584 Joint Apprenticeship and Training Fund, founded in 1990, is a small nonprofit that reported $289K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $358K exceeded revenue, resulting in a 24% operating deficit.

Mission

Train and educate apprentice and 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $282,342

Investment Income $0

Other Revenue $6,613

TOTAL REVENUE $288,955

Expense Breakdown

Grants Paid $580

Salaries & Benefits $183,552

Fundraising Expenses $0

Other Expenses $174,257

TOTAL EXPENSES $358,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,955	$251,321	+0.1%
Expenses	$358,389	$325,472	+0.1%
Net Income	$-69,434	$-74,151	-0.1%

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

N/A

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
Eric Lemley Labor	Trustee	1.00	Director	$0	$0	$0
Willie Wright Labor	Trustee	1.00	Director	$0	$0	$0
Crandall Holmes Management	Trustee	1.00	Director	$0	$0	$0
Chris Rabb Management	Trustee	1.00	Director	$0	$0	$0
Dave Bennett Management	Trustee	1.00	Director	$0	$0	$0
Terry Fullerton Labor	Trustee	1.00	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	$288,955	$358,389	$445,259	$-69,434
2022	$251,321	$325,472	$514,693	$-74,151
2021	$246,467	$339,597	$589,425	$-93,130
2020	$473,502	$337,603	$685,704	$135,899
2019	$579,236	$410,455	$548,773	$168,781
2018	$342,024	$371,285	$379,703	$-29,261

Iron Workers Local Union No 584 Joint Apprenticeship and Training Fund