Michigan Trowel Trades Apprenticechip and Training Fund
Nonprofit profile at a glance
- EIN
- 921463091
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Troy, MI, USA
- Phone
- 2488139800
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Vocational, Technical Schools
Reported finances
- Revenue
- $1,131,698
- Expenses
- $1,015,019
- Assets
- $1,657,369
- Liabilities
- $34,783
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- BRETT GIERAK (SECRETARY): $248,697 total reported compensation
- CHAD MORRISON (TRUSTEE): $224,320 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Michigan trowel trades apprenticehsip and training fund is crafted for the purpose of providing an apprenticeship and training program for members under a collectively bargained agreement, on behalf of the bricklayers and allied craftworkers local no. 2, in compliance with the taft-hartley act.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 75% of its reported program spending for member benefits.
The verdict
SUPPORTED - The filed numbers largely add up 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: 57
- Transparency & Controls: 60
- Accountability: 65
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.8%; rating input score 61
- Program expense ratio: 70.3%; rating input score 70
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- 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: 10.3%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 1.63; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 21.9%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 17.2% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 116.7% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 60.8% of revenue deployed · 70.3% of spending went to programs
- Governance: 6 of 8 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $713K in reported program spending
- Leadership: top reported pay $249K · 8 people listed · 0 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 13/100.