Michigan Statewide Carpenters and Millwrights Joint Appr Train Fund
Nonprofit profile at a glance
- EIN
- 471972321
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Lansing, MI, USA
- Phone
- 2485412740
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $16,633,988
- Expenses
- $11,118,413
- Assets
- $48,303,675
- Liabilities
- $14,289,011
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Highest reported compensation
- THOMAS LUTZ (TRUSTEE): $370,113 total reported compensation
- MICHAEL BARNWELL (CHAIRMAN): $318,592 total reported compensation
- TOD SANDY (STATEWIDE DI): $278,034 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide education, training, and related benefits to eligible participants of the fund, through a taft hartley collectively barganined agreement.
What it reported doing in 2024
Providing education, training, and related benefits to eligible participants of the fund, through a taft hartley collectively barganined agreement.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 82% 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 - Most voting board members are independent and program spending has grown recently. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 55
- Accountability: 93
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.9%; rating input score 41
- Program expense ratio: 68.2%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 8th 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: 87.5%; rating input score 88; 20th percentile among comparable filings
- Governance controls: 9 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: 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: 33.2%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 4.34; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 20.6% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 40.9% of revenue deployed · 68.2% of spending went to programs
- Governance: 14 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.6M in reported program spending
- Leadership: top reported pay $370K · 23 people listed · 0 of 6 pay-setting controls reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.