Western Great Lakes Finishing Trades Institute
Western Great Lakes Finishing Trades Institute shows consistent revenue growth and zero officer compensation, with a recent significant increase in assets and liabilities.
EIN: 201294360 · Big Bend, WI · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2,928,822, |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Western Great Lakes Finishing Trades Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Western Great Lakes Finishing Trades Institute directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Western Great Lakes Finishing Trades Institute
Western Great Lakes Finishing Trades Institute (EIN: 201294360) is a nonprofit organization based in Big Bend, WI, classified under NTEE code B60. The organization reported total revenue of $2.9M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western Great Lakes Finishing Trades Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western Great Lakes Finishing Trades Institute is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-148,244 |
| Total Assets | $3.4M |
| Total Liabilities | $1.1M |
| Net Assets | $2.3M |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 31.4% |
| Months of Reserves | 17.9 months |
Financial Health Grade: B
In 2023, Western Great Lakes Finishing Trades Institute reported a deficit of $148K with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 31.4% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Western Great Lakes Finishing Trades Institute's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +16.5% | +180.3% |
| 2022 | +5.7% | +11.6% | +0.1% |
| 2021 | -12.3% | -7.7% | -1.5% |
| 2020 | +64.5% | +27.6% | +48.4% |
| 2019 | -6.4% | +6.3% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Western Great Lakes Finishing Trades Institute with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Western Great Lakes Finishing Trades Institute allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $148K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all nine filings, indicating that no officers received compensation from the organization. This is a strong positive for an organization of its size, with latest revenue of $2,928,822, as it suggests resources are fully directed towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Western Great Lakes Finishing Trades Institute's IRS 990 filings:
- Significant increase in liabilities in the latest filing period (from $119,385 to $1,073,108 between 2022 and 2023) without immediate explanation in summary data.
Strengths
The following positive indicators were identified for Western Great Lakes Finishing Trades Institute:
- Consistent revenue growth over the past nine years, from $1,065,807 in 2015 to $2,142,847 in 2023.
- Zero officer compensation reported across all nine filings, indicating high efficiency in directing funds to mission.
- Strong asset growth, particularly in the latest period, with assets reaching $3,415,876.
- Positive net assets in most periods, demonstrating financial solvency.
Frequently Asked Questions about Western Great Lakes Finishing Trades Institute
Is Western Great Lakes Finishing Trades Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Western Great Lakes Finishing Trades Institute (EIN: 201294360) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Western Great Lakes Finishing Trades Institute spend its money?
Western Great Lakes Finishing Trades Institute directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Western Great Lakes Finishing Trades Institute tax-deductible?
Western Great Lakes Finishing Trades Institute is registered as a tax-exempt nonprofit (EIN: 201294360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Western Great Lakes Finishing Trades Institute CEO make?
Western Great Lakes Finishing Trades Institute's highest-compensated officer earns $2,928,822, annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Western Great Lakes Finishing Trades Institute's spending goes to programs?
Western Great Lakes Finishing Trades Institute directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Western Great Lakes Finishing Trades Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Western Great Lakes Finishing Trades Institute is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Western Great Lakes Finishing Trades Institute located?
Western Great Lakes Finishing Trades Institute is headquartered in Big Bend, Wisconsin and files with the IRS under EIN 201294360. It is classified under NTEE code B60.
How many years of IRS 990 filings does Western Great Lakes Finishing Trades Institute have?
Western Great Lakes Finishing Trades Institute has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.9M in total revenue.
What caused the significant increase in assets and liabilities between 2022 and 2023?
Between 2022 and 2023, assets increased from $1,218,551 to $3,415,876, and liabilities rose from $119,385 to $1,073,108. This substantial change suggests a major financial event, such as a significant investment in property, equipment, or a large loan, which would require further detail from the full IRS 990 filing to understand fully.
How does the organization manage its increasing liabilities?
The latest filing shows liabilities at $1,073,108. While the organization has substantial assets ($3,415,876), the management of these liabilities, especially their repayment schedule and purpose, would be critical to assess long-term financial stability. The ratio of liabilities to assets is approximately 31% in the latest period.
What are the specific program activities funded by the organization?
As an NTEE Code B60 organization (Labor Unions/Organizations), its programs likely involve training, education, and support for finishing trades. A detailed breakdown of program expenses would clarify the specific initiatives and their impact.
Filing History
IRS 990 filing history for Western Great Lakes Finishing Trades Institute showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Western Great Lakes Finishing Trades Institute's revenue has grown by 101.1%, moving from $1.1M to $2.1M. Total assets increased by 357.4% over the same period, from $747K to $3.4M. Total functional expenses rose by 137%, from $967K to $2.3M. In its most recent filing year (2023), Western Great Lakes Finishing Trades Institute reported a deficit of $148K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $3.4M in assets (debt-to-asset ratio: 31.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $3.4M | $1.1M | — | View 990 |
| 2022 | $2.0M | $2.0M | $1.2M | $119K | — | View 990 |
| 2021 | $1.8M | $1.8M | $1.2M | $105K | — | View 990 |
| 2020 | $2.1M | $1.9M | $1.2M | $207K | — | View 990 |
| 2019 | $1.3M | $1.5M | $833K | $3K | — | View 990 |
| 2018 | $1.4M | $1.4M | $1.0M | $0 | — | View 990 |
| 2017 | $1.3M | $1.1M | $1.1M | $0 | — | View 990 |
| 2016 | $1.2M | $981K | $930K | $0 | — | View 990 |
| 2015 | $1.1M | $967K | $747K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $3.4M (revenue +9.7% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $1.2M (revenue +5.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue -12.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $1.2M (revenue +64.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $833K (revenue -6.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $1.0M (revenue +7.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $1.1M (revenue +9.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $981K, and assets of $930K (revenue +9.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $967K, and assets of $747K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western Great Lakes Finishing Trades Institute:
Data Sources and Methodology
This transparency report for Western Great Lakes Finishing Trades Institute 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.