Waterloo Joint Apprenticeship Training Trust
EIN: 462897706 · Waterloo, IA · NTEE: B30
About Waterloo Joint Apprenticeship Training Trust
Waterloo Joint Apprenticeship Training Trust (EIN: 462897706) is a nonprofit organization based in Waterloo, IA, classified under NTEE code B30. The organization reported total revenue of $276K and total assets of $448K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterloo Joint Apprenticeship Training Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Waterloo Joint Apprenticeship Training Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waterloo Joint Apprenticeship Training Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Waterloo Joint Apprenticeship Training Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Waterloo Joint Apprenticeship Training Trust's revenue has grown by 51.3%, moving from $189K to $286K. Total assets increased by 108% over the same period, from $185K to $386K. Total functional expenses rose by 6456.9%, from $3K to $217K. In its most recent filing year (2023), Waterloo Joint Apprenticeship Training Trust reported a surplus of $69K, with revenue exceeding expenses. The organization holds $880 in liabilities against $386K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $385K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $286K | $217K | $386K | $880 | — | View 990 |
| 2022 | $218K | $191K | $320K | $422 | — | View 990 |
| 2021 | $207K | $203K | $302K | $1K | — | View 990 |
| 2020 | $167K | $206K | $273K | $1K | — | View 990 |
| 2019 | $143K | $124K | $312K | $1K | — | View 990 |
| 2018 | $128K | $135K | $293K | $1K | — | View 990 |
| 2017 | $167K | $118K | $299K | $674 | — | View 990 |
| 2016 | $127K | $103K | $250K | $685 | — | View 990 |
| 2015 | $142K | $102K | $226K | $724 | — | View 990 |
| 2014 | $189K | $3K | $185K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $286K, expenses of $217K, and assets of $386K (revenue +31.2% year-over-year).
- 2022: Revenue of $218K, expenses of $191K, and assets of $320K (revenue +5.1% year-over-year).
- 2021: Revenue of $207K, expenses of $203K, and assets of $302K (revenue +24.2% year-over-year).
- 2020: Revenue of $167K, expenses of $206K, and assets of $273K (revenue +16.3% year-over-year).
- 2019: Revenue of $143K, expenses of $124K, and assets of $312K (revenue +11.8% year-over-year).
- 2018: Revenue of $128K, expenses of $135K, and assets of $293K (revenue -23.3% year-over-year).
- 2017: Revenue of $167K, expenses of $118K, and assets of $299K (revenue +32.1% year-over-year).
- 2016: Revenue of $127K, expenses of $103K, and assets of $250K (revenue -10.5% year-over-year).
- 2015: Revenue of $142K, expenses of $102K, and assets of $226K (revenue -25.0% year-over-year).
- 2014: Revenue of $189K, expenses of $3K, and assets of $185K.
Data Sources and Methodology
This transparency report for Waterloo Joint Apprenticeship Training Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.