STEAMFITTERS LOCAL 420 APPRENTICESHIP AND JOURNEYMAN TRAINING FUND (EIN 236209472) - 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

1955

Legal Domicile

Principal Officer

THOMAS F REDDEN III

Phone

2673502600

Tax Period

2024-05-01 to 2025-04-30

STEAMFITTERS LOCAL 420 APPRENTICESHIP AND JOURNEYMAN TRAINING FUND, founded in 1955, is a community nonprofit in the Employment sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.6M left a modest 9% surplus.

Mission

APPRENTICESHIP & JOURNEYMEN EDUCATION

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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 $4,000

Program Service Revenue $5,004,687

Investment Income $14,531

Other Revenue $10,934

TOTAL REVENUE $5,034,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,137,874

Fundraising Expenses $0

Program Expenses $4,002,738

Other Expenses $1,447,713

TOTAL EXPENSES $4,585,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,034,152	$5,360,567	-0.1%
Expenses	$4,585,587	$4,109,687	+0.1%
Net Income	$448,565	$1,250,880	-0.6%

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

Total Directors

Key Employees

$713,780

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SNELL	TRUSTEE	1.00	Director	$0	$0	$0
GARY ANDRESS	TRUSTEE	1.00	Director	$0	$0	$0
PAT SHERIDAN	TRUSTEE	1.00	Director	$0	$0	$0
LEN DITULLIO	TRUSTEE	1.00	Director	$0	$0	$0
JIM DOUGHERTY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS F REDDEN III	TRUSTEE	1.00	Director	$0	$0	$0
MARK ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LENTZ	TRUSTEE	1.00	Director	$0	$0	$0
JIM TOLE	TRUSTEE	1.00	Director	$0	$0	$0
KEITH LEONARDO	TRUSTEE	1.00	Director	$0	$0	$0
PETER A KLEIN	DIRECTOR-MECHANICAL	45.00	Key Emp	$206,936	$152,245	$359,181
BRETT A CUTLER	DIRECTOR-SERVICING	45.00	Key Emp	$203,372	$151,227	$354,599
GREGORY R BECK	INSTRUCTOR	40.00	Highest	$215,657	$90,541	$306,198
FRANCIS X MCGRATH	INSTRUCTOR	40.00	Highest	$169,569	$90,886	$260,455
WILLIAM J COLEMAN III	INSTRUCTOR	40.00	Highest	$199,749	$90,886	$290,635
PETER A IANNOZZI	INSTRUCTOR	40.00	Highest	$202,904	$90,886	$293,790
JOHN M THORTON	INSTRUCTOR	40.00	Highest	$191,154	$90,886	$282,040

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	$5,034,152	$4,585,587	$5,037,460	$448,565
2024	$5,360,567	$4,109,687	$5,286,031	$1,250,880
2023	$3,779,582	$4,243,374	$4,273,215	$-463,792
2022	$3,668,942	$3,867,834	$3,714,254	$-198,892
2021	$3,192,616	$3,616,836	$3,996,042	$-424,220
2020	$3,526,944	$3,755,673	$4,406,399	$-228,729
2019	$3,436,496	$3,535,454	$4,527,965	$-98,958
2018	$3,120,188	$3,180,850	$4,563,851	$-60,662

STEAMFITTERS LOCAL 420 APPRENTICESHIP AND JOURNEYMAN TRAINING FUND