IRONWORKER SKILLS INSTITUTE

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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

2019

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

IRONWORKER SKILLS INSTITUTE, founded in 2019, is a small nonprofit that reported $270K in total revenue in fiscal year 2023. The organization ran a surplus of $72K, a strong 27% operating margin.

Mission

TO TEACH STUDENTS THE SKILLS NECESSARY TO BECOME IRONWORKERS. TO ASSIST STUDENTS IN JOB PLACEMENTS

Program Service Accomplishments

Program 1

Expenses: $98,130 Revenue: $269,832

TEACHING STUDENTS THE SKILLS NECESSARY TO BE IRONWORKERS. ASSISTING STUDENTS IN JOB PLACEMENT

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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 $269,832

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $269,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,653

Fundraising Expenses $0

Program Expenses $98,130

Other Expenses $103,932

TOTAL EXPENSES $197,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,837	$282,929	0.0%
Expenses	$197,585	$287,087	-0.3%
Net Income	$72,252	$-4,158	-18.4%

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
STEPHEN DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
OWEN PARRISH	DIRECTOR	2.00	Officer Director	$0	$0	$0
TOM ROBERTSHAW	PRESIDENT	10.00	Officer Director	$0	$0	$0
JASON ROBERTS	SECTREASURER	5.00	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
2023	$269,837	$197,585	No data	$72,252
2022	$282,929	$287,087	$382,150	$-4,158
2021	$396,520	$328,471	$73,261	$68,049