Los Angeles Chapter National Tooling & Machining Association Training Ctr Trust

What it reported doing in 2024

La/ntma training center provided hands-on, industry standard, and technologically evolving, specialized training in the machining industry. During the year, we trained approximately 436 students. Our educational services include both introductory and advanced machinist training. Our introductory mmt provides the opportunity for career placement at a current 84% placement rate of all graduates in the program. The training center also boasts a 92% graduation rate of all enrolled students. Career education has never been considered a need-based industry. It is our job to let our students know what we offer and what they need to further and create sustainable career goals. (see schedule o.)because the la/ntma training center provides educational services, as opposed to a product, our advantages are only as strong as our commitment to our student's success in our program from first contact to the day they are placed at their new career home. Aside from ensuring our team is encouraging, available, excited about the role they play in our students lives, and that every student knows that they are an example of greatness personified, we take additional steps to support our student's success. La/ntma understands, and, more importantly, values the role our instructors play in the lives of our students; our instructors are the reason for many of our students' persistence in the program and the purpose behind many of their success stories.our audience is the underserved and underrepresented populations of the communities we serve; those whose options have been limited by way of lack-luster high school resources, unreliable support systems at home, or those who are "smart" in ways not measured by that of an sat score or traditional educational paths to a sustainable and life-long career. We want to serve the ignored, but gifted youth and young adults of our communities who can excel in an environment of hands-on learning, self-worth and morality building, encouraging, excellence achieving, and career placement environment. Four-year or traditional education is not for everyone, however access to a healthy wage career should be. The stigma associated with the for-profit career training programs that has statured the market has lessened interest and created obstacles for great programs like the ones that la/ntma training centers provide. The la/ntma training center, however, works tireless every day to overcome that stigma and make sure the communities we serve know the purpose, privilege, power, and permanence, of the highly regarded educational training program at la/ntma and the reputation of the ntma, as a whole, has in the machining industry.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 65%; rating input score 65
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • 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: 36%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 1.89; rating input score 60; 60th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
• Officer compensation ratio: 5.2%; rating input score 52; 52nd percentile among comparable filings

Growth

• Program expense growth: -10.8% per year; rating input score 0; 2nd percentile among comparable filings
• Revenue growth: -4.9% per year; rating input score 0; 3rd percentile among comparable filings
• Asset growth: -6.6% per year; rating input score 0; 3rd percentile among comparable filings