CARPENTERS TRAINING TRUST FUND FOR NORTHERN CALIFORNIA (EIN 931079534) - 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

1963

Legal Domicile

Principal Officer

WILLIAM FEYLING

Phone

5106330333

Tax Period

2023-09-01 to 2024-08-31

CARPENTERS TRAINING TRUST FUND FOR NORTHERN CALIFORNIA, founded in 1963, is a mid-sized nonprofit in the Employment sector that reported $45.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $13.1M, a strong 29% operating margin.

Mission

APPRENTICESHIP TRAINING TO ELIGIBLE CARPENTERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENTS.

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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 $1,177,702

Program Service Revenue $39,308,955

Investment Income $5,128,383

Other Revenue $10,778

TOTAL REVENUE $45,625,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,377,680

Fundraising Expenses $0

Other Expenses $13,123,127

TOTAL EXPENSES $32,509,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,625,818	$41,208,335	+0.1%
Expenses	$32,509,382	$32,440,750	+0.0%
Net Income	$13,116,436	$8,767,585	+0.5%

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

117

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

Key Employees

$285,706

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY SANCHEZ	CO CHAIR	1.00	Officer Director	$0	$0	$0
JACOB ADIARTE	CO CHAIR	1.00	Officer Director	$0	$0	$0
ARTURO RODRIGUEZ	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SYTSMA	TRUSTEE	1.00	Director	$0	$0	$0
PAUL PARQUE	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS CHESSHIRE	TRUSTEE	1.00	Director	$0	$0	$0
FRANK NUNES	TRUSTEE	1.00	Director	$0	$0	$0
JAY BRADSHAW	TRUSTEE	1.00	Director	$0	$0	$0
SID SLATER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WALTON	TRUSTEE	1.00	Director	$0	$0	$0
AGUSTIN DIAZ	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL CICCOLO JR	TRUSTEE	1.00	Director	$0	$0	$0
DALE JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
BOB TORNBERG	TRUSTEE	1.00	Director	$0	$0	$0
KYLE SWARENS	TRUSTEE	1.00	Director	$0	$0	$0
SEAN MCGARRY	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT WILSON	TRUSTEE	1.00	Director	$0	$0	$0
ONASSIS MCFARLANE	TRUSTEE (AS OF JAN. '24)	1.00	Director	$0	$0	$0
ANTONIO MUNOZ	TRUSTEE (AS OF JAN. '24)	1.00	Director	$0	$0	$0
LEONARD VEGA	TRUSTEE (AS OF MAR '24)	1.00	Director	$0	$0	$0
MARTIN ESPINOZA JR	TRUSTEE (THRU APR. '24)	1.00	Director	$0	$0	$0
DAN MCCULLOCH	TRUSTEE (THRU JAN. '24)	1.00	Director	$0	$0	$0
EDWARD GABLE	TRUSTEE (THRU JAN. '24)	1.00	Director	$0	$0	$0
SCOTT LEWIS	EXECUTIVE DIRECTOR	40.00	Key Emp	$205,577	$80,129	$285,706
MATTHEW KEITH ROWLETT	DIRECTOR OF OPERATIONS	40.00	Highest	$197,517	$79,081	$276,598
ANTONE T HERNANDEZ	DIRECTOR OF TRAINING	40.00	Highest	$189,447	$78,032	$267,479
MIGUEL A RAMIREZ	INSTRUCTOR	40.00	Highest	$172,833	$53,177	$226,010
JOCELYN MAK	INSTRUCTOR	40.00	Highest	$173,003	$52,985	$225,988
MATTHEW TRUJILLO	INSTRUCTOR	40.00	Highest	$169,695	$54,226	$223,921

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	$45,625,818	$32,509,382	$212,224,423	$13,116,436
2023	$41,208,335	$32,440,750	$186,917,007	$8,767,585
2022	$31,617,427	$30,005,321	$170,606,032	$1,612,106
2021	$34,465,200	$19,029,348	$171,540,821	$15,435,852
2020	$31,238,207	$16,062,512	$155,843,179	$15,175,695
2019	$43,387,173	$18,921,936	$145,962,218	$24,465,237
2018	$39,169,522	$19,423,826	$124,485,435	$19,745,696

CARPENTERS TRAINING TRUST FUND FOR NORTHERN CALIFORNIA