SHEET METAL WORKERS JOINT APPRENTICESHIP FUND OF PHILADELPHIA AND VICINITY (EIN 236428928) - 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

1967

Legal Domicile

Principal Officer

BRYAN BUSH

Phone

2159521950

Tax Period

2024-05-01 to 2025-04-30

SHEET METAL WORKERS JOINT APPRENTICESHIP FUND OF PHILADELPHIA AND VICINITY, founded in 1967, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE FUND IS TO CONDUCT AN ORGANIZED TRAINING AND EDUCATION PROGRAM FOR ALL APPRENTICE AND JOURNEYMAN SHEET METAL WORKERS.

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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 $145,907

Program Service Revenue $2,371,352

Investment Income $88,423

Other Revenue $0

TOTAL REVENUE $2,605,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,679,080

Fundraising Expenses $0

Program Expenses $2,388,637

Other Expenses $1,079,734

TOTAL EXPENSES $2,758,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,605,682	$2,219,464	+0.2%
Expenses	$2,758,814	$2,447,713	+0.1%
Net Income	$-153,132	$-228,249	-0.3%

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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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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN BUSH	CO-CHAIRMAN - LABOR TRUSTEE	1.00	Director	$0	$0	$0
PETER JENKINS	CO-CHAIRMAN - MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
GARY MASINO	CO-CHAIRMAN - LABOR TRUSTEE (P)	1.00	Director	$0	$0	$0
MATTHEW SANO	CO-CHAIRMAN - MANAGEMENT TRUSTEE (P)	1.00	Director	$0	$0	$0
DOMINIC BONITATIS	MANAGEMENT TRUSTEE (P)	1.00	Director	$0	$0	$0
TOM BUSH	LABOR TRUSTEE	1.00	Director	$0	$0	$0
GERARD GONTZ	LABOR TRUSTEE	1.00	Director	$0	$0	$0
LUKE GORDON	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ROBERT JOHNSTON JR	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER LOHR	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
GARY LUTHE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
ERNEST P MENOLD	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
HOWARD VANBUREN	LABOR TRUSTEE	1.00	Director	$0	$0	$0
DONALD SMITH JR	TRAINING COORDINATOR	45.00	Highest	$181,698	$108,474	$290,172
ROBERT MCFADDEN	TRAINING INSTRUCTOR	45.00	Highest	$165,415	$108,747	$274,162
RONALD DEICHERT	TRAINING INSTRUCTOR	45.00	Highest	$109,346	$25,199	$134,545

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	$2,605,682	$2,758,814	$4,951,557	$-153,132
2024	$2,219,464	$2,447,713	$4,046,470	$-228,249
2023	$2,171,547	$2,420,680	$4,414,513	$-249,133
2022	$2,186,646	$2,267,569	$4,123,037	$-80,923
2021	$2,481,756	$1,974,282	$4,172,333	$507,474
2020	$2,457,179	$2,216,457	$3,358,553	$240,722
2019	$2,798,508	$2,156,969	$3,237,239	$641,539
2018	$2,458,202	$2,002,312	$2,512,768	$455,890

SHEET METAL WORKERS JOINT APPRENTICESHIP FUND OF PHILADELPHIA AND VICINITY