Local 17 Sheet Metal Apprenticeship Fund of Rhode Island (EIN 237296753) - 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

1974

Legal Domicile

Phone

4013308673

Tax Period

2024-06-01 to 2025-05-31

Local 17 Sheet Metal Apprenticeship Fund of Rhode Island, founded in 1974, is a small nonprofit that reported $213K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $184K left a modest 14% surplus.

Mission

To provide education and training of sheet metal apprentices and journeymen in preparation for a career in the sheet metal business.

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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 $212,094

Investment Income $0

Other Revenue $1,138

TOTAL REVENUE $213,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,841

Fundraising Expenses $0

Program Expenses $111,287

Other Expenses $95,742

TOTAL EXPENSES $183,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,232	$174,435	+0.2%
Expenses	$183,583	$162,684	+0.1%
Net Income	$29,649	$11,751	+1.5%

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

$11,401

Total Directors

$2,565

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Cronin	Secretary	5.00	Officer	$11,401	$0	$11,401
Robert Mandeville	Trustee	5.00	Director	$1,350	$0	$1,350
Jon Sorrentino	Trustee	5.00	Director	$1,215	$0	$1,215
Brian Costa	Trustee	5.00	Director	$0	$0	$0
Norman Brothers	Trustee	5.00	Director	$0	$0	$0
Mary-Ann McCurry	Trustee	5.00	Director	$0	$0	$0
Jeremy Dyer	Chairman	5.00	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	$213,232	$183,583	$1,094,901	$29,649
2024	$174,435	$162,684	$1,065,252	$11,751
2023	$199,169	$160,573	$1,053,501	$38,596
2022	$193,247	$147,290	$1,014,905	$45,957
2021	$176,554	$135,765	$968,948	$40,789
2020	$230,625	$129,702	$1,047,781	$100,923
2019	$189,872	$150,932	$971,480	$38,940

Local 17 Sheet Metal Apprenticeship Fund of Rhode Island