UA LOCAL 159 JOURNEYMAN AND APPRENTICE TRAINING TRUST (EIN 946090492) - 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

1956

Legal Domicile

Principal Officer

NICK GOODWIN

Phone

9252290400

Tax Period

2024-07-01 to 2025-06-30

UA LOCAL 159 JOURNEYMAN AND APPRENTICE TRAINING TRUST, founded in 1956, is a small nonprofit that reported $595K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $676K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE EDUCATION AND TRAINING FOR PERSONS IN ALL PHASES OF THE PLUMBING AND PIPEFITTING INDUSTRY.

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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 $39,102

Program Service Revenue $525,442

Investment Income $24,588

Other Revenue $5,404

TOTAL REVENUE $594,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,375

Fundraising Expenses $0

Other Expenses $362,864

TOTAL EXPENSES $676,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$594,536	$652,544	-0.1%
Expenses	$676,239	$610,416	+0.1%
Net Income	$-81,703	$42,128	-2.9%

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

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
JASON LESTER	TRUSTEE	2.0	Director	$0	$0	$0
NICK GOODWIN	TRUSTEE	0.5	Director	$0	$0	$0
JOSHUA JOHNSON	TRUSTEE	0.3	Director	$0	$0	$0
SYLVAN AMDAHL	TRUSTEE	0.3	Director	$0	$0	$0
MIKE LESCURE	TRUSTEE	0.3	Director	$0	$0	$0
CARLOS BAZAN	TRUSTEE	0.3	Director	$0	$0	$0
MATT PENNINGTON	TRUSTEE	0.3	Director	$0	$0	$0
BILL CAWLEY III	TRUSTEE	0.3	Director	$0	$0	$0
ALEX HALL	TRUSTEE	0.3	Director	$0	$0	$0
MIKE STIRLING	TRUSTEE	0.3	Director	$0	$0	$0
Max Mendoza	trustee	0.3	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	$594,536	$676,239	$896,914	$-81,703
2024	$652,544	$610,416	$966,346	$42,128
2023	$511,905	$464,227	$922,598	$47,678
2022	$573,717	$411,642	$878,562	$162,075
2021	$529,036	$381,016	$713,056	$148,020
2020	$519,491	$361,147	$570,602	$158,344
2019	$512,312	$428,128	$411,573	$84,184
2018	$477,815	$377,542	$328,697	$100,273

UA LOCAL 159 JOURNEYMAN AND APPRENTICE TRAINING TRUST