New Mexico Contractors Apprentice & Journeyman Training Fund Iron Wk (EIN 850242727) - 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

1976

Legal Domicile

Principal Officer

Jeffery L Steele

Phone

5052429124

Tax Period

2024-07-01 to 2025-06-30

New Mexico Contractors Apprentice & Journeyman Training Fund Iron Wk, founded in 1976, is a small nonprofit that reported $404K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $360K left a modest 11% surplus.

Mission

Education and training programs for union members.

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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 $352,944

Program Service Revenue $0

Investment Income $48,624

Other Revenue $2,760

TOTAL REVENUE $404,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,034

Fundraising Expenses $0

Program Expenses $305,725

Other Expenses $153,642

TOTAL EXPENSES $359,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,328	$318,428	+0.3%
Expenses	$359,676	$352,243	+0.0%
Net Income	$44,652	$-33,815	-2.3%

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

$54,206

Total Directors

$28,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phil Martinez	Training Coord	40.00	Officer	$34,361	$19,845	$54,206
Gene Garcia	Trustee	2.00	Director	$20,386	$0	$20,386
Lawrence Gurule	Trustee	7.00	Director	$8,537	$0	$8,537
Clayton Thomas	Trustee	2.00	Director	$0	$0	$0
don simpson	Trustee	2.00	Director	$0	$0	$0
Michael Herrera	Trustee	2.00	Director	$0	$0	$0
anthony gutirrez	Trustee	2.00	Director	$0	$0	$0
Lilliam Santallinas	Trustee	2.00	Director	$0	$0	$0
Jeffery L Steele	Fin. Sec.	2.00	Officer	$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
2025	$404,328	$359,676	$1,054,464	$44,652
2024	$318,428	$352,243	$1,055,800	$-33,815
2023	$374,781	$307,883	$1,087,466	$66,898
2022	$192,357	$333,290	$1,021,256	$-140,933
2021	$471,318	$289,473	$1,164,321	$181,845
2020	$234,009	$278,899	$946,246	$-44,890
2019	$291,185	$263,220	$990,852	$27,965

New Mexico Contractors Apprentice & Journeyman Training Fund Iron Wk