Local 44 JATC Educational Developm… - Form 990 Financial Data

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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

Brett Wideman

Phone

5096245101

Tax Period

2023-01-01 to 2023-12-31

Local 44 JATC Educational Development Trust, founded in 2004, is a small nonprofit in the Education sector that reported $837K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 18% operating margin.

Mission

To receive collectively bargained contributions to develop, maintain, and administer apprentice and journeyman training programs for employees of participating employers.

Program Service Accomplishments

Program 1

Expenses: $669,500

The Trust provides continuous financial support of apprentice training and journeyman level training updates in the plumbing and pipefitting industry.

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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 $795,132

Program Service Revenue $0

Investment Income $42,345

Other Revenue $0

TOTAL REVENUE $837,477

Expense Breakdown

Grants Paid $669,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $669,500

Other Expenses $18,842

TOTAL EXPENSES $688,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$837,477	$690,304	+0.2%
Expenses	$688,342	$544,087	+0.3%
Net Income	$149,135	$146,217	+0.0%

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

N/A

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

$205,400

Total Directors

$206,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Hauser	Trustee	1.00	Director	$0	$0	$900
Brett Wideman	Secretary	1.00	Officer Director	$0	$69,130	$205,400
George Renner	Chairman	1.00	Officer Director	$0	$0	$0
Don Williams	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	$837,477	$688,342	$2,415,829	$149,135
2022	$690,304	$544,087	$2,214,827	$146,217
2021	$613,636	$491,032	$2,091,467	$122,604
2020	$519,076	$443,383	$1,990,242	$75,693
2019	$674,857	$503,116	$1,908,452	$171,741
2018	$561,221	$446,236	$1,716,154	$114,985

Local 44 JATC Educational Development Trust