CONSTRUCTION INDUSTRY TRAINING COUNCIL OF WASHINGTON (EIN 911283628) - 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

1985

Legal Domicile

Principal Officer

HALENE SIGMUND

Phone

4254542482

Tax Period

2023-07-01 to 2024-06-30

CONSTRUCTION INDUSTRY TRAINING COUNCIL OF WASHINGTON, founded in 1985, is a mid-sized nonprofit in the Employment sector that reported $11.0M in total revenue in fiscal year 2023. Expenses of $10.7M left a modest 3% surplus.

Mission

RECRUIT, TRAIN, DEVELOP AND RETAIN SKILLED LABOR FOR THE WASHINGTON STATE CONSTRUCTION INDUSTRY.

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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 $1,178,615

Program Service Revenue $9,448,347

Investment Income $167,888

Other Revenue $227,695

TOTAL REVENUE $11,022,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,232,836

Fundraising Expenses $0

Program Expenses $9,028,929

Other Expenses $5,430,090

TOTAL EXPENSES $10,662,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,022,545	$10,388,100	+0.1%
Expenses	$10,662,926	$9,069,048	+0.2%
Net Income	$359,619	$1,319,052	-0.7%

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

136

Volunteers

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

$735,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MCFERRAN	CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN RHODE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN GARRITY	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM PINSKY	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE PRICE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JASON PREUIT	TRUSTEE	1.00	Director	$0	$0	$0
SAM SWACKHAMMER	TRUSTEE	1.00	Director	$0	$0	$0
CARY CLEMENSON	TRUSTEE	1.00	Director	$0	$0	$0
DR LINGZI WU	TRUSTEE	1.00	Director	$0	$0	$0
HALENE SIGMUND	PRESIDENT	40.00	Officer	$388,890	$29,406	$418,296
STACIE MEYER	VP, FINANCE	30.00	Officer	$275,470	$42,157	$317,627
JACK CHAPEL	VP, EDUCATION	40.00	Highest	$191,800	$39,734	$231,534
ADRIANA GAMBOA	VP, APPRENTICESHIP	40.00	Highest	$182,380	$16,559	$198,939
KEN HILL	E. WA APPRENTICESHIP & FACILTY MANAGER	40.00	Highest	$131,754	$20,488	$152,242
TOM ELLIOT	SW WA APPRENTICESHIP & FACILTY MANAGER	40.00	Highest	$168,796	$15,218	$184,014
RICHARD ST VINCENT	SE WA APPRENTICESHIP & FACILTY MANAGER	40.00	Highest	$132,828	$15,218	$148,046

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	No data	No data	No data	No data
2024	$11,022,545	$10,662,926	$17,341,867	$359,619
2023	$10,388,100	$9,069,048	$21,098,565	$1,319,052
2022	$7,748,855	$10,334,791	$12,263,211	$-2,585,936
2021	$8,217,558	$7,122,903	$15,404,738	$1,094,655
2020	$8,492,558	$6,938,719	$14,305,358	$1,553,839
2019	$10,312,575	$7,342,333	$12,350,111	$2,970,242

CONSTRUCTION INDUSTRY TRAINING COUNCIL OF WASHINGTON