JOINT APPRENTICE COMMITTEE TRUST OF SHEET METAL WORKERS LOCAL 268 (EIN 237208623) - 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

1950

Legal Domicile

Principal Officer

Bill Theiss

Phone

6183971443

Tax Period

2024-07-01 to 2025-06-30

JOINT APPRENTICE COMMITTEE TRUST OF SHEET METAL WORKERS LOCAL 268, founded in 1950, is a small nonprofit that reported $327K in total revenue in fiscal year 2020. Expenses of $283K left a modest 14% surplus.

Mission

Operating a training facility to educate apprentice sheet metal worker members of Sheet Metal Workers Local Union 268 in areas of welding, drafting, testing and balancing, and industrial, architectural, residential, and commercial sheet metal fabrication, heating and air conditioning, and ventilation skill.

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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 $376,694

Investment Income $17,355

Other Revenue $0

TOTAL REVENUE $394,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,199

Fundraising Expenses $0

Program Expenses $414,913

Other Expenses $179,714

TOTAL EXPENSES $414,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,049	$441,153	-0.1%
Expenses	$414,913	$426,579	0.0%
Net Income	$-20,864	$14,574	-2.4%

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

$104,322

Total Directors

$303,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John LePere	Secretary	5	Officer Director	$0	$0	$104,322
Paul Numi	Trustee	1	Director	$0	$0	$99,374
Jeffery R Bauer	Trustee	1	Director	$0	$0	$99,374
Bill Theiss	Chairman	2	Officer Director	$0	$0	$0
Walter House	Trustee	1	Director	$0	$0	$0
Nathan House	Trustee	1	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	$394,049	$414,913	$531,915	$-20,864
2024	$441,153	$426,579	$552,779	$14,574
2023	$386,503	$430,079	$540,892	$-43,576
2022	$378,644	$388,263	$583,369	$-9,619
2021	$326,834	$282,632	$592,967	$44,202

JOINT APPRENTICE COMMITTEE TRUST OF SHEET METAL WORKERS LOCAL 268