ALASKA TEAMSTER-EMPLOYER SERVICE TRAINING TRUST (EIN 920078236) - 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

1981

Legal Domicile

Principal Officer

JOHN LOVDAHL

Phone

9072783674

Tax Period

2024-01-01 to 2024-12-31

ALASKA TEAMSTER-EMPLOYER SERVICE TRAINING TRUST, founded in 1981, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 7% surplus.

Mission

THE ALASKA TEAMSTER-EMPLOYER SERVICE TRAINING TRUST PROVIDES VOCATIONAL TRAINING IN VARIOUS INDUSTRIES INCLUDING THOSE INDUSTRIES COVERED UNDER COLLECTIVE BARGAINING AGREEMENTS. TRAINING WAS PROVIDED TO OVER 1000 STUDENTS.

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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 $1,387,471

Program Service Revenue $265,158

Investment Income $54,151

Other Revenue $0

TOTAL REVENUE $1,706,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $966,974

Fundraising Expenses $0

Program Expenses $1,293,225

Other Expenses $612,467

TOTAL EXPENSES $1,579,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,706,780	$1,044,143	+0.6%
Expenses	$1,579,441	$1,098,052	+0.4%
Net Income	$127,339	$-53,909	-3.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOR BROWN	TRUSTEE	N/A	Director	$0	$0	$0
N/A	TRUSTEE	N/A	Director	$0	$0	$0
MICKEY HEBERT	TRUSTEE	N/A	Director	$0	$0	$0
JOHN LOVDAHL	DIRECTOR	N/A	Director	$0	$0	$0
N/A	TRUSTEE	N/A	Director	$0	$0	$0
JAMES MCMILON	CHAIR	N/A	Officer 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	$1,706,780	$1,579,441	$3,076,355	$127,339
2023	$1,044,143	$1,098,052	$2,962,356	$-53,909
2022	$641,360	$856,832	$3,016,303	$-215,472
2021	$912,421	$936,928	$3,192,499	$-24,507
2020	$999,151	$848,617	$3,374,567	$150,534
2019	$1,076,465	$907,781	$3,059,057	$168,684
2018	$1,037,610	$1,007,980	$2,887,936	$29,630

ALASKA TEAMSTER-EMPLOYER SERVICE TRAINING TRUST