DETROIT AUTOMATIC SPRINKLER INDUST… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

JOSEPH TROUTT

Phone

2484747553

Tax Period

2024-08-01 to 2025-07-31

DETROIT AUTOMATIC SPRINKLER INDUSTR LOCAL 704 SUB FUND, founded in 1970, is a small nonprofit that reported $967K in total revenue in fiscal year 2024. The organization ran a surplus of $531K, a strong 55% operating margin.

Mission

PROVIDE SUPPLEMENTAL UNEMPLOYMENT AND MISCELLANEOUS OTHER BENEFITS TO PARTICIPANTS

Program Service Accomplishments

Program 1

Expenses: $357,739

PROVIDE BENEFITS TO PARTICIPANTS. SUPPLEMENTAL UNEMPLOYMENT BENEFITS PAID TO MEMBERS OF SPRINKLER FITTERS LOCAL NO. 704

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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 $751,907

Investment Income $214,745

Other Revenue $0

TOTAL REVENUE $966,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $357,739

Other Expenses $77,761

TOTAL EXPENSES $435,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$966,652	$937,268	+0.0%
Expenses	$435,500	$279,384	+0.6%
Net Income	$531,152	$657,884	-0.2%

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

N/A

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

$151,007

Total Directors

$5,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG HERMAN	CHAIRMAN (1/1/25 - 8/20/25)	1.00	Officer	$0	$0	$121,953
JIM PETRUCCI	TRUSTEE	1.00	Director	$0	$0	$0
RON RITCHEY	SECRETARY	1.00	Officer	$0	$0	$0
SCOTT RYAL	TRUSTEE	1.00	Director	$0	$0	$1,650
BILL CASE	TRUSTEE	1.00	Director	$0	$0	$0
ROB WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$4,329
JOSEPH TROUTT	CHAIRMAN (8/21/2025 - PRESENT)	1.00	Officer	$0	$0	$29,054

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	$966,652	$435,500	$4,690,694	$531,152
2024	$937,268	$279,384	$4,114,404	$657,884
2023	$802,197	$303,792	$3,472,799	$498,405
2022	$767,920	$518,763	$2,708,454	$249,157
2020	$742,325	$681,317	$2,132,261	$61,008
2019	$708,175	$328,785	$1,984,444	$379,390

DETROIT AUTOMATIC SPRINKLER INDUSTR LOCAL 704 SUB FUND