TEXAS IRON WORKERS TRAINING TRUST

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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

2018

Legal Domicile

Principal Officer

Eric Fryar

Phone

7132191200

Tax Period

2024-07-01 to 2025-06-30

TEXAS IRON WORKERS TRAINING TRUST, founded in 2018, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.9M left a modest 14% surplus.

Mission

PROVIDE APPRENTICESHIP AND JOURNYMAN TRAINING, TESTING, EDUCATION, JOB SKILL DEVELOPTMENT AND ENHANCEMENT FOR IRONWORKERS TRADES.

Program Service Accomplishments

Program 1

Expenses: $1,614,979 Revenue: $2,156,818

PROVIDE APPRENTICESHIP AND JOURNYMAN TRAINING, TESTING, EDUCATION, JOB SKILL DEVELOPTMENT AND ENHANCEMENT FOR THE IRONWORKERS TRADES.

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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 $0

Program Service Revenue $1,695,854

Investment Income $139,085

Other Revenue $331,041

TOTAL REVENUE $2,165,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $934,842

Fundraising Expenses $0

Program Expenses $1,614,979

Other Expenses $920,380

TOTAL EXPENSES $1,855,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,165,980	$2,450,661	-0.1%
Expenses	$1,855,222	$1,734,386	+0.1%
Net Income	$310,758	$716,275	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SCHNEIDER	TRUSTEE	15.00	Officer Director	$0	$0	$0
ERIC FRYAR	TRUSTEE	15.00	Officer Director	$0	$0	$0
VINCE BOSWORTH	TRUSTEE	15.00	Officer Director	$0	$0	$0
ROBIN DRAKE	TRUSTEE	15.00	Officer Director	$0	$0	$0
ANTONIO LUQUIS	TRUSTEE	15.00	Officer Director	$0	$0	$0
ROBERT ESPARZA	TRUSTEE	15.00	Officer Director	$0	$0	$0
PARLEY DIXON	TRUSTEE	15.00	Officer 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
2025	$2,165,980	$1,855,222	$5,176,585	$310,758
2024	No data	No data	No data	No data
2023	$1,630,413	$1,714,003	$4,044,193	$-83,590
2022	$1,827,660	$1,704,500	$4,198,392	$123,160
2021	$1,932,105	$1,525,162	$4,527,942	$406,943
2020	$1,836,874	$1,561,838	$4,111,069	$275,036
2019	$1,740,921	$1,424,130	$4,174,269	$316,791
2018	$858,159	$581,690	$4,066,810	$276,469