DISTRICT COUNCIL 5 APPRENTICESHIP & TRAINING TRUST FUND

EIN: 916065393 501(c)(3) Education

TUKWILA, WA

Total Revenue
$2,596,129
Total Expenses
$2,542,805
Total Assets
$13,411,220
Net Assets
$13,291,331
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
WA
Principal Officer
SARAH M SWARTHOUT
Phone
2065084355
Tax Period
2023-09-01 to 2024-08-31

DISTRICT COUNCIL 5 APPRENTICESHIP & TRAINING TRUST FUND, founded in 1965, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Net assets of $13.3M represent 61 months of operating reserves.

Mission

THE TRUST PROVIDES APPRENTICE AND JOURNEYMAN TRAINING PROGRAMS TO PARTICIPANTS IN THE PAINTING, DRYWALL, FLOOR COVERING, GLAZIERS, AND SIGN PAINTER/PAINT MAKERS INDUSTRIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $359,305
Program Service Revenue $2,520,206
Investment Income $124,606
Other Revenue $-407,988
TOTAL REVENUE $2,596,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,375,761
Fundraising Expenses $0
Program Expenses $1,980,376
Other Expenses $1,167,044
TOTAL EXPENSES $2,542,805

Year-over-Year Comparison

2023 2022 Change
Revenue $2,596,129 $2,678,035 0.0%
Expenses $2,542,805 $2,969,430 -0.1%
Net Income $53,324 $-291,395 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
45
Volunteers
10

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
3
$163,268
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CASSIDY CO-CHAIRMAN 1.00
Officer Director
$0 $0 $0
LISA DEROSIA CO-CHAIRMAN 1.00
Officer Director
$0 $0 $0
TODD SPRINGER TRUSTEE 1.00
Director
$0 $0 $0
JIM MCDADE TRUSTEE 1.00
Director
$0 $0 $0
JOE KAISER TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
NICK ROSSI TRUSTEE 1.00
Director
$0 $0 $0
EVELYN ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
DREW PAYNE TRUSTEE 1.00
Director
$0 $0 $0
DON GAMMELL TRUSTEE 1.00
Director
$0 $0 $0
SARAH SWARTHOUT DIRECTOR OF TRAINING 40.00
Officer
$163,268 $0 $163,268
JUAN BOTELLO STAFF COORDINATOR 40.00
Highest
$113,905 $0 $113,905
MICHAEL SEARS STAFF COORDINATOR 40.00
Highest
$126,902 $0 $126,902
ERIC PALMER STAFF COORDINATOR 40.00
Highest
$121,192 $0 $121,192
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 $2,596,129 $2,542,805 $13,411,220 $53,324
2023 $2,678,035 $2,969,430 $13,365,843 $-291,395
2022 $2,386,103 $2,289,095 $13,540,521 $97,008
2021 $2,823,571 $2,145,364 $13,517,788 $678,207
2020 $2,459,405 $1,766,577 $12,838,486 $692,828
2019 $2,920,141 $1,915,091 $12,111,110 $1,005,050
2018 $3,002,620 $2,228,914 $10,820,056 $773,706
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