Smart Local Union No 49 Joint Apprenticeship and Training Trust Fund (EIN 237116415) - 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

1970

Legal Domicile

Principal Officer

Isaiah Zemke

Phone

5052424262

Tax Period

2024-07-01 to 2025-06-30

Smart Local Union No 49 Joint Apprenticeship and Training Trust Fund, founded in 1970, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.0M, a strong 42% operating margin.

Mission

Training and education of apprentice Sheet Metal Workers in New Mexico

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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 $2,335,166

Investment Income $131,717

Other Revenue $0

TOTAL REVENUE $2,466,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $655,241

Fundraising Expenses $0

Program Expenses $1,361,925

Other Expenses $780,904

TOTAL EXPENSES $1,436,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,466,883	$2,423,785	+0.0%
Expenses	$1,436,145	$1,431,458	+0.0%
Net Income	$1,030,738	$992,327	+0.0%

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
Shawn Smith	Trustee	2.00	Director	$0	$0	$0
Steven Calderon	Trustee	2.00	Director	$0	$0	$0
Charles Lees	Trustee	2.00	Director	$0	$0	$0
Miguel Lopez	Trustee	2.00	Director	$0	$0	$0
Sal Tortorici	Trustee	2.00	Director	$0	$0	$0
Shasta Erickson	Trustee	2.00	Director	$0	$0	$0
Ronda Gilliland-Lopez	Trustee	2.00	Director	$0	$0	$0
John Stroud	Trustee	2.00	Director	$0	$0	$0
Isaiah Zemke	Co-Chair, Labor	2.00	Officer	$0	$0	$0
Anthony Kocurek	Co-Chair, Mgmt	2.00	Officer	$0	$0	$0

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	$2,466,883	$1,436,145	$4,344,139	$1,030,738
2024	$2,423,785	$1,431,458	$3,711,032	$992,327
2023	$2,103,419	$963,479	$3,143,239	$1,139,940
2022	$844,780	$696,765	$1,652,262	$148,015
2021	$687,730	$596,527	$1,302,876	$91,203
2019	$593,000	$561,894	$1,224,479	$31,106

Smart Local Union No 49 Joint Apprenticeship and Training Trust Fund