Ua Steamfitters Local 439 Industry Advancement Fund

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

6 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To provide the journeymen and appreniceship training, safety and continuing education programs for local 439.

Operating the apprenticeship and continuing education programs for local 439.

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: No; rating input score 0

Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
Governance controls: 3 of 9 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass

Operating margin: 20.4%; rating input score 74; 74th percentile among comparable filings
Total-asset coverage ratio: 2.97; rating input score 69; 69th percentile among comparable filings
Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
Officer compensation ratio: 44.2%; rating input score 5; 5th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 5.9% per year; rating input score 100; 57th percentile among comparable filings
Asset growth: 3.3% per year; rating input score 100; 40th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 0 of 5 board members independent · 3 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $194K · 6 people listed
Consistency: 13 of 14 current checks pass · 1 finding to review
Schedules: 3 filed schedules
Filing history: 6 filing years from 2018 to 2024
Contacts: How to reach this organization
Related organizations: 4 filed related-organization links
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Accountability: Independent voting board scored 0/100.
Moderate — Accountability: Governance controls: 3 of 6 not reported.
High — Transparency & Controls: Related-party transparency scored 0/100.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
High — Sustainability: Officer compensation ratio scored 5/100.
Moderate — Sustainability: Liabilities to assets ratio scored 37/100.