Agc-iuoe Local 701 Training Trust Fund
Nonprofit profile at a glance
- EIN
- 930634959
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2064417574
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $2,789,548
- Expenses
- $2,565,174
- Assets
- $10,362,977
- Liabilities
- $756,565
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- LONNY LAND (TRAINING DIRECTOR): $185,088 total reported compensation
- CLINT JOHANSEN (EMPLOYEE): $153,915 total reported compensation
- CHARLIE PARDEE (EMPLOYEE): $134,057 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide occupational training benefits for participants
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 56
- Accountability: 67
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.6%; rating input score 67
- Program expense ratio: 78.9%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 62.5%; rating input score 62; 10th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 4.04; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 28.8%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 5.7% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 66.6% of revenue deployed · 78.9% of spending went to programs
- Governance: 5 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $185K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Officer compensation ratio scored 6/100.