Colorado Journeyman and Apprentice Training Fund for Operating Engineers (EIN 846051394) - 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

1966

Legal Domicile

Principal Officer

Kirk Jordan

Phone

3036233194

Tax Period

2023-09-01 to 2024-08-31

Colorado Journeyman and Apprentice Training Fund for Operating Engineers, founded in 1966, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $785K, a strong 35% operating margin.

Mission

Heavy equipment training classes for journeyman and apprentice operating engineers.

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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 $0

Program Service Revenue $2,227,294

Investment Income $15,487

Other Revenue $3,927

TOTAL REVENUE $2,246,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $711,672

Fundraising Expenses $0

Program Expenses $1,143,171

Other Expenses $750,302

TOTAL EXPENSES $1,461,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,246,708	$1,745,103	+0.3%
Expenses	$1,461,974	$1,313,999	+0.1%
Net Income	$784,734	$431,104	+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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Innes	Employer Trustee	1.00	Director	$0	$0	$0
Keith Swerdfeger	Employer Trustee	1.00	Director	$0	$0	$0
Jason Thomas	Employer Trustee	1.00	Director	$0	$0	$0
George Fields	Union Trustee	1.00	Director	$0	$0	$0
Kirk Jordan	Union 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	$2,246,708	$1,461,974	$3,473,660	$784,734
2023	$1,745,103	$1,313,999	$2,674,964	$431,104
2022	$1,699,176	$1,155,462	$2,293,206	$543,714
2021	$1,411,771	$1,126,383	$1,777,266	$285,388
2020	$1,432,133	$982,387	$1,490,455	$449,746
2019	$1,021,554	$900,829	$1,080,881	$120,725
2018	$964,299	$926,975	$908,163	$37,324

Colorado Journeyman and Apprentice Training Fund for Operating Engineers