MICHIGAN TROWEL TRADES APPRENTICECHIP AND TRAINING FUND (EIN 921463091) - 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

2023

Legal Domicile

Principal Officer

BRETT GIERAK

Phone

2488139800

Tax Period

2024-06-01 to 2025-05-31

MICHIGAN TROWEL TRADES APPRENTICECHIP AND TRAINING FUND, founded in 2023, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 10% surplus.

Mission

THE MICHIGAN TROWEL TRADES APPRENTICEHSIP AND TRAINING FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING AN APPRENTICESHIP AND TRAINING PROGRAM FOR MEMBERS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL NO. 2, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $0

Program Service Revenue $941,781

Investment Income $40,545

Other Revenue $149,372

TOTAL REVENUE $1,131,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,269

Fundraising Expenses $0

Program Expenses $713,276

Other Expenses $343,872

TOTAL EXPENSES $1,015,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,131,698	$893,491	+0.3%
Expenses	$1,015,019	$833,121	+0.2%
Net Income	$116,679	$60,370	+0.9%

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

N/A

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

Total Directors

$473,017

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT GIERAK	SECRETARY	1.00	Director	$0	$116,120	$248,697
CHAD MORRISON	TRUSTEE	1.00	Director	$0	$106,152	$224,320
TC BAKER	TRUSTEE	1.00	Director	$0	$0	$0
BEN BIANCHINI	TRUSTEE	1.00	Director	$0	$0	$0
ANDY BRACY	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS FILLMORE	TRUSTEE	1.00	Director	$0	$0	$0
BRAD LIEDAL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AARON PISTOR	TRUSTEE	1.00	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
2025	$1,131,698	$1,015,019	$1,657,369	$116,679
2023	$297,614	$600,158	$1,451,992	$-302,544

MICHIGAN TROWEL TRADES APPRENTICECHIP AND TRAINING FUND