CENTRAL SOUTH CARPENTERS & MILLWRIGHTS TRAINING TRUST FUND (EIN 751606486) - 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

ERIC KASTNER

Phone

5122369165

Tax Period

2023-01-01 to 2023-12-31

CENTRAL SOUTH CARPENTERS & MILLWRIGHTS TRAINING TRUST FUND, founded in 2004, is a mid-sized nonprofit that reported $14.5M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.8M, a strong 54% operating margin.

Mission

TO PROVIDE AND MAINTAIN APPRENTICE TRAINING, EDUCATION AND INSTRUCTION FOR UNION MEMBERS IN THE CARPENTRY AND MILLWRIGHTS TRADES AND UPGRADE TRAINING FOR UNION JOURNEYMEN.

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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 $6,382,541

Program Service Revenue $8,070,178

Investment Income $77,891

Other Revenue $-3,681

TOTAL REVENUE $14,526,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,285,219

Fundraising Expenses $0

Program Expenses $6,145,551

Other Expenses $3,407,884

TOTAL EXPENSES $6,693,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,526,929	$9,421,538	+0.5%
Expenses	$6,693,103	$7,080,511	-0.1%
Net Income	$7,833,826	$2,341,027	+2.3%

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

$164,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ENGELS	CHAIRMAN	1.00	Director	$0	$0	$0
KAVIN GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE HARVEL	TRUSTEE	1.00	Director	$0	$0	$0
BEAU SERPAS	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN WALKER	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HANKS	SECRETARY	1.00	Director	$0	$0	$0
HAROLD BAUR III	TRUSTEE	1.00	Director	$0	$0	$0
BARRETT HAGSTTE	TRUSTEE	1.00	Director	$0	$0	$0
TIM LAMPARD	TRUSTEE	1.00	Director	$0	$0	$0
KERRY FISHER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MEEK	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MEIER	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD TRAVIS	TRUSTEE	1.00	Director	$0	$0	$0
RICH TSCHIDA	TRUSTEE	1.00	Director	$0	$0	$0
DARRELL VAN KIRK	TRUSTEE	1.00	Director	$0	$0	$0
NEAL MCCLEARY	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE JENNINGS	TRUSTEE (RET. DURING 2023)	1.00	Director	$0	$0	$0
DAVID BONDS	TRUSTEE (RET. DURING 2023)	1.00	Director	$0	$0	$0
JAMES ROWLAND	TRUSTEE (RET. DURING 2023)	1.00	Director	$0	$0	$0
MIKE HINES	TRUSTEE (RET. DURING 2023)	1.00	Director	$0	$0	$0
MIKE O'CONNOR	TRUSTEE (RET. DURING 2023)	1.00	Director	$0	$0	$0
LAURE CHACHERE	TRUSTEE (RET. DURING 2023)	1.00	Director	$0	$0	$0
ERIC KASTNER	EXECUTIVE DIRECTOR	40.00	Officer	$133,558	$30,911	$164,469

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	$14,526,929	$6,693,103	$26,422,221	$7,833,826
2022	$9,421,538	$7,080,511	$17,714,659	$2,341,027
2021	$7,036,287	$6,843,394	$15,423,241	$192,893
2020	$11,825,768	$6,602,227	$15,844,922	$5,223,541

CENTRAL SOUTH CARPENTERS & MILLWRIGHTS TRAINING TRUST FUND