WALTER M MATTHEWS & JOHN M SHEEHAN LOCAL 46 METAL LATHERS SCHOLARSHIP FUND (EIN 136271917) - 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

1946

Legal Domicile

Principal Officer

MICHAEL ANDERSON

Phone

2125352323

Tax Period

2024-01-01 to 2024-12-31

WALTER M MATTHEWS & JOHN M SHEEHAN LOCAL 46 METAL LATHERS SCHOLARSHIP FUND, founded in 1946, is a small nonprofit that reported $380K in total revenue in fiscal year 2024. Net assets of $2.0M represent 64 months of operating reserves.

Mission

PROVIDE SCHOLARSHIPS FOR DEPENDENTS OF METAL LATHERS LOCAL 46 MEMBERS.

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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 $0

Program Service Revenue $360,536

Investment Income $19,736

Other Revenue $0

TOTAL REVENUE $380,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,421

Fundraising Expenses $0

Program Expenses $318,480

Other Expenses $44,555

TOTAL EXPENSES $373,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,272	$362,139	+0.1%
Expenses	$373,456	$398,048	-0.1%
Net Income	$6,816	$-35,909	-1.2%

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

N/A

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
MICHAEL ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN COFFEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CLAUSMAN	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE FERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SALGO	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
JOE MITRIONE	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	$380,272	$373,456	$2,045,234	$6,816
2023	$362,139	$398,048	$1,853,951	$-35,909
2022	$426,657	$417,905	$1,664,552	$8,752
2021	$452,992	$453,328	$1,950,146	$-336
2020	$492,847	$569,248	$1,880,326	$-76,401
2019	$619,819	$809,584	$1,951,985	$-189,765
2018	$740,803	$837,550	$2,025,599	$-96,747

WALTER M MATTHEWS & JOHN M SHEEHAN LOCAL 46 METAL LATHERS SCHOLARSHIP FUND