ROOFERS LOCAL UNION 241 JOINT APPRENTICESHIP TRUST FUND (EIN 146076853) - 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

1971

Legal Domicile

Principal Officer

MICHAEL ROSSI

Phone

5184893919

Tax Period

2024-07-01 to 2025-06-30

ROOFERS LOCAL UNION 241 JOINT APPRENTICESHIP TRUST FUND, founded in 1971, is a small nonprofit in the Employment sector that reported $150K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE PROGRAMS FOR THE TRAINING AND EDUCATION OF ROOFERS APPRENTICES AND JOURNEYMEN.

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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 $149,575

Investment Income $0

Other Revenue $0

TOTAL REVENUE $149,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $163,429

Other Expenses $189,896

TOTAL EXPENSES $189,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,575	$223,077	-0.3%
Expenses	$189,896	$200,379	-0.1%
Net Income	$-40,321	$22,698	-2.8%

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

$84,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROSSI	TRUSTEE	1.00	Director	$0	$0	$83,824
WILLIAM CREAMER	TRUSTEE	1.00	Director	$0	$0	$889
ANTHONY PAZMINO	TRUSTEE	1.00	Director	$0	$0	$0
BOB FARRELL	TRUSTEE	1.00	Director	$0	$0	$0
TODD HELFRICH	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN O'SICK	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
2025	$149,575	$189,896	$220,147	$-40,321
2024	$223,077	$200,379	$244,079	$22,698
2023	$182,709	$158,432	$219,394	$24,277
2022	$207,706	$117,354	$178,845	$90,352

ROOFERS LOCAL UNION 241 JOINT APPRENTICESHIP TRUST FUND