IRON WORKERS JOINT APPRENTICESHIP & TRAINING FUND (EIN 870293690) - 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

LEVI VELASQUES

Phone

8019728997

Tax Period

2023-06-01 to 2024-05-31

IRON WORKERS JOINT APPRENTICESHIP & TRAINING FUND, founded in 1970, is a small nonprofit that reported $514K in total revenue in fiscal year 2023.

Mission

TRAINING OF APPRENTICES

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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 $43,064

Program Service Revenue $471,232

Investment Income $0

Other Revenue $0

TOTAL REVENUE $514,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,779

Fundraising Expenses $0

Program Expenses $315,325

Other Expenses $240,828

TOTAL EXPENSES $557,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$514,296	$510,718	+0.0%
Expenses	$557,607	$618,347	-0.1%
Net Income	$-43,311	$-107,629	-0.6%

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

$159,014

Total Directors

$159,014

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER GRAVES	TRUSTEE	40.00	Director	$0	$0	$0
DAVID LLOYD	TRUSTEE	0.25	Director	$0	$0	$0
MARK OLSEN	TRUSTEE	0.25	Director	$0	$0	$0
KRAIG IVERSON	TRUSTEE	0.00	Director	$0	$0	$0
LEVI VELASQUEZ	DIRECTOR	40.00	Officer Director	$101,539	$57,475	$159,014
MATT BLASER	TURSTEE	0.25	Director	$0	$0	$0
JAY MEIER	TRUSTEE	0.25	Director	$0	$0	$0
DUSTIN STARK	TRUSTEE	0.25	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	$514,296	$557,607	No data	$-43,311
2023	$510,718	$618,347	$261,994	$-107,629
2022	$521,358	$697,034	$385,413	$-175,676
2021	$631,792	$697,291	$570,536	$-65,499
2020	$482,755	$608,894	$618,084	$-126,139
2019	$775,613	$800,820	$752,965	$-25,207

IRON WORKERS JOINT APPRENTICESHIP & TRAINING FUND