Operating Engineers Local 953 Journeyman & Apprentice Training Trust (EIN 856061326) - 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

1969

Legal Domicile

Principal Officer

Kurt Ballantine

Phone

5058775071

Tax Period

2024-07-01 to 2025-06-30

Operating Engineers Local 953 Journeyman & Apprentice Training Trust, founded in 1969, is a small nonprofit in the Employment sector that reported $578K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $106K, a strong 18% operating margin.

Mission

Training of apprentices and journeymen operating engineers of heavy equipment throughout New Mexico and part of Texas. The number of students varies depending on the classes.

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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 $519,032

Program Service Revenue $0

Investment Income $7,422

Other Revenue $51,713

TOTAL REVENUE $578,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,931

Fundraising Expenses $0

Program Expenses $396,007

Other Expenses $161,884

TOTAL EXPENSES $471,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$578,167	$484,913	+0.2%
Expenses	$471,815	$497,684	-0.1%
Net Income	$106,352	$-12,771	-9.3%

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

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

$105,266

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristen Spath	Executive Dir.	45.00	Director	$80,752	$24,514	$105,266
Anthony Gurrola	Chairman	1.00	Officer	$0	$0	$0
Paul Raley	Vice Chairman	1.00	Officer	$0	$0	$0
Barry Dixon	Secretary	1.00	Officer	$0	$0	$0
Larry Velasquez	Secretary	1.00	Officer	$0	$0	$0
Kurt Ballantine	Secretary	1.00	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	$578,167	$471,815	$416,171	$106,352
2024	$484,913	$497,684	$312,727	$-12,771
2023	$452,254	$448,182	$324,079	$4,072
2022	$381,107	$487,209	$320,713	$-106,102
2021	$431,318	$403,109	$423,006	$28,209
2020	$443,542	$378,968	$438,482	$64,574
2019	$371,331	$403,658	$333,721	$-32,327

Operating Engineers Local 953 Journeyman & Apprentice Training Trust