ASBESTOS WORKERS LOCAL 22 APPR TRAINING (EIN 741608970) - 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

2001

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ASBESTOS WORKERS LOCAL 22 APPR TRAINING, founded in 2001, is a small nonprofit that reported $270K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $311K exceeded revenue, resulting in a 15% operating deficit.

Mission

APPRENTICESHIP & JOURNEYMAN TRAINING

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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 $170,459

Program Service Revenue $114,013

Investment Income $118

Other Revenue $-14,314

TOTAL REVENUE $270,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,037

Fundraising Expenses $0

Program Expenses $311,010

Other Expenses $68,973

TOTAL EXPENSES $311,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,276	$160,711	+0.7%
Expenses	$311,010	$166,100	+0.9%
Net Income	$-40,734	$-5,389	+6.6%

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

$74,817

Total Directors

$881

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RICKY MIGUEZ	TRAINING DIRECTOR	Officer	$74,817	$0	$74,817
DOMINGO BARRON	TRUSTEE	Director	$408	$0	$408
DONOVAN LIMAR	TRUSTEE	Director	$269	$0	$269
LACY WOLF	TRUSTEE	Director	$204	$0	$204
RICHARD SMITH	TRUSTEE	Director	$0	$0	$0
ED TRUELOVE	TRUSTEE	Director	$0	$0	$0
KEITH VARNER	TRUSTEE	Director	$0	$0	$0
DALE SANDFORD	TRUSTEE	Director	$0	$0	$0
JOSH KENG	TRUSTEE	Director	$0	$0	$0
ROBERT GREIN	TRUSTEE	Director	$0	$0	$0
BLAKE SALEM	TRUSTEE	Director	$0	$0	$0
STEVE MILLER	TRUSTEE	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	$270,276	$311,010	$344,709	$-40,734
2022	$160,711	$166,100	$388,894	$-5,389
2021	$205,408	$133,444	$400,344	$71,964

ASBESTOS WORKERS LOCAL 22 APPR TRAINING