Indianapolis Asbestos Workers Joint Apprenticeship Training Trust Fund
Nonprofit profile at a glance
- EIN
- 351892455
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Indianapolis, IN, USA
- Phone
- 3177356183
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $653,383
- Expenses
- $656,657
- Assets
- $2,409,472
- Liabilities
- $1,017,297
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Highest reported compensation
- TODD CONN (TRUSTEE): $141,654 total reported compensation
- ROBERT SWORDS II (TRUSTEE): $9,244 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To educate and prepare apprentices to perform all aspects of the work required in the industry with the goal of making each apprentice a highly skilled journeyman in the insulation industry upon satisfactory completion of the 4 year program.
What it reported doing in 2025
Training programs
Operating model
- Revenue model
- Membership-supported. 70% of the money available for current operations came from membership dues.
- 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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 90
- Accountability: 42
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.2%; rating input score 62
- Program expense ratio: 61.2%; rating input score 61
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.5%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 3.67; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 23%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 23.4% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 62.2% of revenue deployed · 61.2% of spending went to programs
- Governance: 0 of 6 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $142K · 2 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Independent voting board scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 13/100.