APPRENTICE-JOURNEYWORKER EDUCATIONAL FUND OF HEAT AND FROST INSULATORS LCL 12 (EIN 113084552) - 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

1991

Legal Domicile

Principal Officer

JOHN SARDO

Phone

7187848883

Tax Period

2024-01-01 to 2024-12-31

APPRENTICE-JOURNEYWORKER EDUCATIONAL FUND OF HEAT AND FROST INSULATORS LCL 12, founded in 1991, is a small nonprofit in the Employment sector that reported $865K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE APPRENTICE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $43,750

Program Service Revenue $759,277

Investment Income $18,762

Other Revenue $43,252

TOTAL REVENUE $865,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,573

Fundraising Expenses $0

Program Expenses $712,492

Other Expenses $484,219

TOTAL EXPENSES $898,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$865,041	$739,679	+0.2%
Expenses	$898,792	$1,014,932	-0.1%
Net Income	$-33,751	$-275,253	-0.9%

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

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

$262,932

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH RODGERS	COORDINATOR	40.00	Officer	$152,535	$110,397	$262,932
JOHN JOVIC	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER COOK	UNION TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN MCCANN	UNION TRUSTEE	1.00	Director	$0	$0	$0
NICK GRGAS	UNION TRUSTEE	1.00	Director	$0	$0	$0
OCTAVIO SOARES	ALT UNION TRUSTEE	1.00	Director	$0	$0	$0
MARK BAYALA	UNION TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY HARTNETT	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BRIAN AULL	ALT EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BUDINICH	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DONALD DONNELLY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
AL DURANTI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER GRANDO	EMPLOYER TRUSTEE	1.00	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	$865,041	$898,792	$1,942,801	$-33,751
2023	$739,679	$1,014,932	$2,164,229	$-275,253
2022	$810,407	$910,675	$946,120	$-100,268
2021	$858,677	$823,660	$1,165,844	$35,017
2020	$661,985	$757,889	$1,066,284	$-95,904
2019	$784,132	$883,007	$1,099,140	$-98,875
2018	$872,703	$875,141	$1,218,734	$-2,438

APPRENTICE-JOURNEYWORKER EDUCATIONAL FUND OF HEAT AND FROST INSULATORS LCL 12