SHEET METAL WORKERS' LOCAL UNION NO 25 NEW JERSEY EDUCATION FUND

EIN: 222561566 501(c)(3) Education

CARLSTADT, NJ

Total Revenue
$1,069,715
Total Expenses
$1,378,792
Total Assets
$1,552,522
Net Assets
$1,276,106
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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
1984
Legal Domicile
NJ
Principal Officer
JOSEPH DEMARK JR
Phone
2015070330
Tax Period
2024-01-01 to 2024-12-31

SHEET METAL WORKERS' LOCAL UNION NO 25 NEW JERSEY EDUCATION FUND, founded in 1984, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE FUND PROVIDES TRAINING TO ITS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,006,684
Investment Income $63,031
Other Revenue $0
TOTAL REVENUE $1,069,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $833,806
Fundraising Expenses $0
Program Expenses $969,726
Other Expenses $544,986
TOTAL EXPENSES $1,378,792

Year-over-Year Comparison

2024 2023 Change
Revenue $1,069,715 $1,275,242 -0.2%
Expenses $1,378,792 $1,412,186 0.0%
Net Income $-309,077 $-136,944 +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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Governance

Voting Members
6
Independent Members
3
Employees
11
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
1
$118,664
Total Directors
6
$1,136,859
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH DEMARK JR TRUSTEE 5.00
Director
$0 $178,345 $426,816
CRAIG HOFFMANN TRUSTEE 5.00
Director
$0 $161,481 $367,541
JOSEPH MELAHN TRUSTEE 5.00
Director
$0 $152,380 $342,502
RICHARD HAENSSLER TRUSTEE 5.00
Director
$0 $0 $0
LORI ESHENAUR TRUSTEE 5.00
Director
$0 $0 $0
SCOTT GRANT TRUSTEE 5.00
Director
$0 $0 $0
DANA BRACERO ADMINISTRATOR 40.00
Officer
$81,390 $37,274 $118,664
SAMUEL FIGUEROA INSTRUCTOR 40.00
Highest
$144,216 $108,397 $252,613
SCOTT LA ROCCA INSTRUCTOR 40.00
Highest
$141,876 $108,397 $250,273
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 No data No data No data No data
2024 $1,069,715 $1,378,792 $1,552,522 $-309,077
2023 $1,275,242 $1,412,186 $1,833,758 $-136,944
2022 $1,188,518 $1,254,636 $2,012,355 $-66,118
2021 $1,156,864 $1,166,341 $2,072,266 $-9,477
2020 $988,156 $1,313,480 $1,880,116 $-325,324
2019 $1,249,770 $1,319,197 $2,184,224 $-69,427
2018 $1,362,199 $1,238,487 $2,269,740 $123,712
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