BASIC THE INTL ASSOC OF MACHINISTS (EIN 830730170) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Phone

2567108494

Tax Period

2024-01-01 to 2024-12-31

BASIC THE INTL ASSOC OF MACHINISTS, founded in 2018, is a small nonprofit that reported $406K in total revenue in fiscal year 2020. Revenue surged 378% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE AND MAINTAIN TRAINING AND/OR RE-TRAINING PROGRAMS IN THE MACHINISTS TRADE AND TO DEVELOP AND DISTRIBUTE TRAINING MATERIALS. THE FUND RECEIVES CONTRIBUTIONS FROM PARTICIPATING CONTRACTORS UNDER A COLLECTIVE - BARGAINING AGREEMENT ON BEHALF OF MEMBERS OF THE UNION BASED ON HOURS OF COVERED EMPLOYEMENT. THE FUNDS ARE USED TO PROVIDE TRAINING TO MEMBERS AND APPRENTICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $481,548

Investment Income $0

Other Revenue $0

TOTAL REVENUE $481,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,145

Fundraising Expenses $0

Program Expenses $394,474

Other Expenses $296,849

TOTAL EXPENSES $475,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$481,548	$556,873	-0.1%
Expenses	$475,994	$482,181	0.0%
Net Income	$5,554	$74,692	-0.9%

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
JONATHAN W DEAN	TRAINING DIRECTOR	40.00		$123,720	$39,885	$163,605
WILLIAM STRICKLAND	Trustee	2.00	Director	$0	$0	$0
BILLY GIVENS	Trustee	2.00	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	$481,548	$475,994	$675,105	$5,554
2023	$556,873	$482,181	$669,599	$74,692
2022	$493,994	$405,328	$596,695	$88,666
2021	$488,021	$311,312	$517,836	$176,709
2020	$406,235	$444,994	$305,653	$-38,759

BASIC THE INTL ASSOC OF MACHINISTS