SHEET METAL WORKERS LOCAL UNION NO28 EDUCATION (EIN 132954115) - 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

1978

Legal Domicile

Principal Officer

JOHN JACKSON

Phone

7182975570

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL UNION NO28 EDUCATION, founded in 1978, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 27% operating margin.

Mission

TO PROVIDE TRAINING AND EDUCATION PROGRAMS FOR APPRENTICES AND TO PROVIDE RETRAINING AND SKILL ADVANCEMENT FOR MEMBERS OF THE SHEET METAL WORKERS' INTERNATIONAL ASSOCIATION LOCAL UNION NO. 28.

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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 $58,500

Program Service Revenue $5,282,491

Investment Income $56,091

Other Revenue $4,216

TOTAL REVENUE $5,401,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,376,400

Fundraising Expenses $0

Program Expenses $2,705,815

Other Expenses $1,549,851

TOTAL EXPENSES $3,926,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,401,298	$4,819,443	+0.1%
Expenses	$3,926,251	$3,429,114	+0.1%
Net Income	$1,475,047	$1,390,329	+0.1%

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

$351,227

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC MESLIN	TRUSTEE	1.00	Director	$0	$0	$0
SALVATORE STARACE	TRUSTEE	1.00	Director	$0	$0	$0
FERNANDO ROBLES	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN NIGRO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH ROJAS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS D'ANGELO	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY GRANDE	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE RAIMONDI	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY MALLOZZI	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS WEICKERT JR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN JACKSON	JAC ADMINISTRATOR	50.00	Officer	$164,409	$122,203	$286,612
LEAH RAMBO	JAC ADMINISTRATOR-PAST	1.00	Officer	$45,498	$19,117	$64,615
ELIAS FILPO	INSTRUCTOR	45.00	Highest	$152,329	$113,221	$265,550
SYLVESTER WRIGHT JR	INSTRUCTOR	45.00	Highest	$161,910	$119,734	$281,644
DEMETRIUS BUTTELMAN	INSTRUCTOR	45.00	Highest	$124,685	$92,646	$217,331

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	$5,401,298	$3,926,251	$25,088,655	$1,475,047
2022	$4,819,443	$3,429,114	$19,979,176	$1,390,329
2021	$5,378,417	$3,505,118	$12,641,253	$1,873,299
2020	$3,963,570	$3,731,357	$11,537,193	$232,213
2019	$4,816,309	$4,072,847	$10,245,934	$743,462
2018	$5,099,396	$3,939,530	$9,515,966	$1,159,866

SHEET METAL WORKERS LOCAL UNION NO28 EDUCATION