SHEET METAL WORKERS' LOCAL UNION NO 17 APPRENTICE & TRAINING TRUST FUND

EIN: 222562168 501(c)(3)

DORCHESTER, MA

Total Revenue
$4,003,405
Total Expenses
$3,836,987
Total Assets
$13,240,470
Net Assets
$13,105,396
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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
1985
Legal Domicile
MA
Principal Officer
JOHN MARTIN
Phone
6172980850
Tax Period
2023-09-01 to 2024-08-31

SHEET METAL WORKERS' LOCAL UNION NO 17 APPRENTICE & TRAINING TRUST FUND, founded in 1985, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $3.8M left a modest 4% surplus.

Mission

TO EDUCATE APPRENTICES TO BECOME DULY QUALIFIED JOURNEYMEN IN THE SHEET METAL INDUSTRY AND TO UPGRADE JOURNEYMEN SKILLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,764,384
Investment Income $229,889
Other Revenue $9,132
TOTAL REVENUE $4,003,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,778,106
Fundraising Expenses $0
Program Expenses $3,028,854
Other Expenses $1,094,471
TOTAL EXPENSES $3,836,987

Year-over-Year Comparison

2023 2022 Change
Revenue $4,003,405 $5,032,894 -0.2%
Expenses $3,836,987 $3,567,386 +0.1%
Net Income $166,418 $1,465,508 -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

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Governance

Voting Members
6
Independent Members
6
Employees
15
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
$340,060
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN GILL TRUSTEE 0.00
Director
$0 $0 $0
JAMES MORGAN TRUSTEE 0.00
Director
$0 $0 $0
BARRY DWYER TRUSTEE 0.00
Director
$0 $0 $0
ROBERT BUTLER TRUSTEE 0.00
Director
$0 $0 $0
MICHAEL BURNS TRUSTEE 0.00
Director
$0 $0 $0
RICHARD KEOGH TRUSTEE 0.00
Director
$0 $0 $0
JOHN MARTIN ADMINISTRATOR 40.00
Officer
$209,735 $130,325 $340,060
DANIEL FLYNN INSTRUCTOR 40.00
Highest
$146,154 $50,269 $196,423
BARRY RYAN INSTRUCTOR 40.00
Highest
$153,283 $119,933 $273,216
MARC LAMONICA INSTRUCTOR 40.00
Highest
$144,962 $119,574 $264,536
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 $4,003,405 $3,836,987 $13,240,470 $166,418
2023 $5,032,894 $3,567,386 $12,538,567 $1,465,508
2022 $3,955,612 $3,407,701 $11,992,078 $547,911
2021 $3,559,386 $2,876,295 $12,621,332 $683,091
2020 $3,015,740 $2,829,978 $11,183,381 $185,762
2019 $3,182,920 $3,168,767 $10,457,990 $14,153
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