Roofers Industry Apprenticeship Standards Funds (EIN 237170751) - 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

1980

Legal Domicile

Principal Officer

Steve Gercone

Phone

8163139423

Tax Period

2022-07-01 to 2023-06-30

Roofers Industry Apprenticeship Standards Funds, founded in 1980, is a small nonprofit that reported $762K in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 20% operating margin.

Mission

To provide training in the roofing industry.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $751,000

Investment Income $4,148

Other Revenue $7,000

TOTAL REVENUE $762,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,975

Fundraising Expenses $0

Program Expenses $496,365

Other Expenses $286,082

TOTAL EXPENSES $608,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$762,148	$622,907	+0.2%
Expenses	$608,057	$801,914	-0.2%
Net Income	$154,091	$-179,007	-1.9%

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

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
Steve Gercone	Chair	1.00	Officer Director	$0	$0	$0
Joe Logsdon	Trustee	1.00	Director	$0	$0	$0
Paul Post	Trustee	1.00	Director	$0	$0	$0
James Boland	Trustee	1.00	Director	$0	$0	$0
Matthew Pierce	Trustee	1.00	Director	$0	$0	$0
Chris Daly	Trustee	1.00	Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$762,148	$608,057	$1,301,178	$154,091
2022	$622,907	$801,914	$1,157,623	$-179,007
2021	$708,557	$661,896	$1,374,489	$46,661
2020	$709,665	$657,148	$777,888	$52,517
2019	$633,757	$633,132	$723,737	$625
2018	$614,054	$614,158	$721,260	$-104

Roofers Industry Apprenticeship Standards Funds