SKILLED TRADES OF WEST ALABAMA (EIN 844668815) - 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

2019

Legal Domicile

Principal Officer

GARY PHILLIPS

Phone

2057526332

Tax Period

2024-01-01 to 2024-12-31

SKILLED TRADES OF WEST ALABAMA, founded in 2019, is a small nonprofit in the Employment sector that reported $581K in total revenue in fiscal year 2021. The organization ran a surplus of $263K, a strong 45% operating margin.

Mission

THE MISSION OF SKILLED TRADES OF WEST ALABAMA IS TO BUILD A HIGHLY-SKILLED, QUALIFIED AND PREPARED WORKFORCE FOR THE CONSTRUCTION INDUSTRY IN WEST ALABAMA. SKILLED TRADES OF WEST ALABAMA IS CHANGING LIVES. WITH A MISSION TO BUILD A HIGHLY SKILLED, QUALIFIED AND PREPARED WORKFORCE FOR THE CONSTRUCTION INDUSTRY IN WEST ALABAMA, WE OFFER OPPORTUNITIES FOR APPRENTICESHIPS AND TRAINING IN THE CONSTRUCTION TRADES. WITH A HIGH DEMAND FOR AND SHORTAGE OF SKILLED, READY-TO-WORK EMPLOYEES AND TRADESMEN, OPPORTUNITIES EXIST NOW TO BUILD HIGH-PAYING, SUCCESSFUL CAREERS. SKILLED TRADES OF WEST ALABAMA IS A REGISTERED APPRENTICESHIP PROGRAM THROUGH THE ALABAMA OFFICE OF APPRENTICESHIPS AND IS A FUNDING PARTNER OF THE ALABAMA CONSTRUCTION CRAFTS TRAINING BOARD.

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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 $995,356

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $995,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,933

Fundraising Expenses $0

Program Expenses $1,009,949

Other Expenses $523,675

TOTAL EXPENSES $1,047,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$995,356	$937,841	+0.1%
Expenses	$1,047,608	$966,838	+0.1%
Net Income	$-52,252	$-28,997	+0.8%

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

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	Role	Reportable Comp	Other Comp	Total
GARY PHILLIPS	PRESIDENT & DIRECTOR	Officer Director	$0	$0	$0
BEN EDDY	VP, SEC. TREASURER	Officer Director	$0	$0	$0
RICK SHEFFIELD	DIRECTOR	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
2024	$995,356	$1,047,608	$401,565	$-52,252
2023	$937,841	$966,838	$432,558	$-28,997
2022	$533,538	$541,178	$450,684	$-7,640
2021	$580,767	$317,868	$479,139	$262,899

SKILLED TRADES OF WEST ALABAMA