FLOOR COVERING APPRENTICESHIP & JO… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

DAVID WINKLER

Phone

5032558444

Tax Period

2021-07-01 to 2022-06-30

FLOOR COVERING APPRENTICESHIP & JOURNEYMAN TRAINING FUND, founded in 1963, is a small nonprofit in the Employment sector that reported $221K in total revenue in fiscal year 2021. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 52% operating margin.

Mission

APPRENTICESHIP TRAINING PROGRAM FOR THE FLOOR COVERING INSTALLATION TRADE.

Program Service Accomplishments

Program 1

Expenses: $63,606 Revenue: $215,398

THE ORGANIZATION PROVIDES INSTRUCTORS AND TRAINING MATERIALS TO APPRENTICES IN THE FLOOR COVERING INSTALLATION TRADE. APPRENTICES ARE MEMBERS OF THE FLOOR COVERERS LOCAL NO 1236.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $215,398

Investment Income $1,171

Other Revenue $4,034

TOTAL REVENUE $220,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,808

Fundraising Expenses $0

Program Expenses $63,606

Other Expenses $49,297

TOTAL EXPENSES $106,105

Year-over-Year Comparison

	2021	2020	Change
Revenue	$220,603	$85,269	+1.6%
Expenses	$106,105	$66,676	+0.6%
Net Income	$114,498	$18,593	+5.2%

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

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
JOHN DUTY	TRUSTEE	1.00	Director	$0	$0	$0
DUSTIN HAGAN	TRUSTEE	1.00	Director	$0	$0	$0
CLARK KNORI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ROWDEN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WINKLER	TRUSTEE & SE	1.00	Director	$0	$0	$0
CRAIG WOLF	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
2022	$220,603	$106,105	$368,316	$114,498
2021	$85,269	$66,676	$251,342	$18,593
2019	$135,199	$118,127	$237,457	$17,072

FLOOR COVERING APPRENTICESHIP & JOURNEYMAN TRAINING FUND