NEVADA RESORT ASSOCIATION-IATSE LOCAL APPRENTICE & JOURNEYMAN TRAINING TRUST (EIN 870288203) - 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

1970

Legal Domicile

Principal Officer

JOE ALDRIDGE

Phone

7027348601

Tax Period

2022-12-01 to 2023-11-30

NEVADA RESORT ASSOCIATION-IATSE LOCAL APPRENTICE & JOURNEYMAN TRAINING TRUST, founded in 1970, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $459K, a strong 40% operating margin.

Mission

APPRENTICE AND JOURNEYMAN TRAINING AND EDUCATION PROGRAMS FOR ELIGIBLE PARTICIPANTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,078,689

Investment Income $83,668

Other Revenue $0

TOTAL REVENUE $1,162,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,279

Fundraising Expenses $0

Program Expenses $552,899

Other Expenses $347,907

TOTAL EXPENSES $703,186

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,162,357	$916,270	+0.3%
Expenses	$703,186	$599,167	+0.2%
Net Income	$459,171	$317,103	+0.4%

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

$121,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE ALDRIDGE	TRUSTEE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID WEIGANT	TRUSTEE	1.00	Director	$0	$0	$0
FORREST HANCOCK	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SCHENK III	TRUSTEE	1.00	Director	$0	$0	$0
PHIL JANES	TRUSTEE	1.00	Director	$0	$0	$0
JASON TINE	TRUSTEE	1.00	Director	$0	$0	$0
CLAYTON WALTERS	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW PIERCE	TRUSTEE	1.00	Director	$0	$0	$0
LEON MORRIS	TRAINING MANAGER	40.00	Officer	$93,299	$28,156	$121,455

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	No data	No data	No data	No data
2023	$1,162,357	$703,186	$3,206,745	$459,171
2022	$916,270	$599,167	$3,052,765	$317,103
2021	$342,082	$444,330	$2,834,126	$-102,248
2020	$356,598	$487,524	$2,918,097	$-130,926
2019	$870,259	$733,197	$2,972,748	$137,062

NEVADA RESORT ASSOCIATION-IATSE LOCAL APPRENTICE & JOURNEYMAN TRAINING TRUST