Colorado Statewide Iron Workers Joint Apprenticeship and Training Commit (EIN 840624509) - 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

1972

Legal Domicile

Principal Officer

Mark Calkins

Phone

3032966626

Tax Period

2024-05-01 to 2025-04-30

Colorado Statewide Iron Workers Joint Apprenticeship and Training Commit, founded in 1972, is a small nonprofit that reported $591K in total revenue in fiscal year 2024. Expenses of $724K exceeded revenue, resulting in a 23% operating deficit.

Mission

Multi-employer apprenticeship plan that trains new Iron Workers and provide continuing education for experienced Iron Workers.

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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 $399,370

Investment Income $6,865

Other Revenue $184,359

TOTAL REVENUE $590,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,811

Fundraising Expenses $0

Program Expenses $637,547

Other Expenses $613,674

TOTAL EXPENSES $724,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$590,594	$597,375	0.0%
Expenses	$724,485	$742,859	0.0%
Net Income	$-133,891	$-145,484	-0.1%

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

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

$10,118

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Pelletier	Trustee	1.00	Director	$0	$0	$0
Mark Calkins	Trustee	1.00	Director	$0	$0	$0
Jimmy Cordova	Trustee	2.00	Director	$3,922	$0	$3,922
Brad Koch	Trustee	1.00	Director	$0	$0	$0
Justin Geanetta	Trustee	1.00	Director	$0	$0	$0
Ed Meyers	Trustee	1.00	Director	$0	$0	$0
Victor Garcia	Trustee	1.00	Director	$0	$0	$0
Andy Chance	Trustee	1.00	Director	$6,196	$0	$6,196

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	$590,594	$724,485	$2,897,619	$-133,891
2024	$597,375	$742,859	$3,120,107	$-145,484
2023	$631,946	$674,579	$3,265,579	$-42,633
2022	$470,470	$467,489	$2,396,998	$2,981
2021	$509,632	$426,040	$2,414,775	$83,592
2020	$429,253	$466,163	$2,328,338	$-36,910
2019	$489,799	$457,330	$2,356,285	$32,469

Colorado Statewide Iron Workers Joint Apprenticeship and Training Commit