SHEET METAL WORKERS L17 TRAINING FUND (EIN 020303557) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

PATRICK BOON

Phone

2032697741

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS L17 TRAINING FUND, founded in 2003, is a small nonprofit in the Employment sector that reported $111K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $132K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE FUND WAS ESTABLISHED FOR THE PURPOSE OF FINANCING TRAINING & RELATED PROGRAMS FOR ELIGIBLE TRAINEES, APPRENTICE SHEET METAL WORKERS AND JOURNEYMEN SHEET METAL WORKERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,891

Investment Income $16,594

Other Revenue $0

TOTAL REVENUE $111,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,066

Fundraising Expenses $0

Other Expenses $79,428

TOTAL EXPENSES $132,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,485	$182,708	-0.4%
Expenses	$132,494	$107,961	+0.2%
Net Income	$-21,009	$74,747	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE DEVON	TRUSTEE	2.00	Director	$0	$0	$0
FRANK SWETT	TRUSTEE	2.00	Director	$0	$0	$0
JOHN HUDON JR	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK BOON	TRUSTEE	2.00	Director	$0	$0	$0
CRAIG DANBY	TRUSTEE	2.00	Director	$0	$0	$0
DJ BLOUIN	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT BLAKESLEE	TRUSTEE	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$111,485	$132,494	$858,746	$-21,009
2022	$182,708	$107,961	$819,842	$74,747
2021	$234,832	$120,154	$886,975	$114,678
2020	$134,783	$106,869	$805,042	$27,914
2019	$150,159	$126,012	$715,924	$24,147
2018	$142,475	$106,451	$628,864	$36,024

SHEET METAL WORKERS L17 TRAINING FUND