Western Slope Plumbers and Pipefitters Joint Apprenticeship Training Trust Fund (EIN 840590297) - 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

1984

Legal Domicile

Principal Officer

Daniel Schulte

Phone

9702452012

Tax Period

2024-01-01 to 2024-12-31

Western Slope Plumbers and Pipefitters Joint Apprenticeship Training Trust Fund, founded in 1984, is a small nonprofit in the Employment sector that reported $428K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $91K, a strong 21% operating margin.

Mission

To train and educate apprentices in the pipe trades and assist journeymen with additional upgraded training and skills.

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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 $294,354

Investment Income $0

Other Revenue $133,971

TOTAL REVENUE $428,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,393

Fundraising Expenses $0

Program Expenses $283,843

Other Expenses $187,799

TOTAL EXPENSES $337,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,325	$294,962	+0.5%
Expenses	$337,192	$313,452	+0.1%
Net Income	$91,133	$-18,490	-5.9%

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

N/A

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

Total Directors

$223,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Almquist	Trustee	1.00	Director	$0	$0	$223,060
Charlie Lee	Trustee	1.00	Director	$0	$0	$0
Laurence W Hobbs III	Trustee	1.00	Director	$0	$0	$0
Valentin Patrick Garcia	Trustee	1.00	Director	$0	$0	$0
Richard Reigles	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	$428,325	$337,192	$144,910	$91,133
2023	$294,962	$313,452	$63,519	$-18,490
2022	$217,802	$284,572	$91,557	$-66,770
2021	$296,755	$287,853	$167,030	$8,902
2020	$236,103	$268,232	$164,438	$-32,129
2019	$327,177	$310,350	$207,251	$16,827
2018	$280,005	$253,190	$200,700	$26,815

Western Slope Plumbers and Pipefitters Joint Apprenticeship Training Trust Fund