SHEET METAL WORKERS' LOCAL 15 APPRENTICE & TRAINING COMMITTEE & TRUST FUND (EIN 237363298) - 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

1972

Legal Domicile

Principal Officer

PATRICK O'LEARY

Phone

8136280021

Tax Period

2023-07-01 to 2024-06-30

SHEET METAL WORKERS' LOCAL 15 APPRENTICE & TRAINING COMMITTEE & TRUST FUND, founded in 1972, is a small nonprofit in the Employment sector that reported $287K in total revenue in fiscal year 2023. Net assets of $608K represent 25 months of operating reserves.

Mission

TO PROVIDE UP-TO-DATE TRAINING AND INSTRUCTION FOR APPRENTICES IN THE SHEET METAL 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 (2023)

Revenue Breakdown

Contributions & Grants $255,590

Program Service Revenue $27,773

Investment Income $3,390

Other Revenue $0

TOTAL REVENUE $286,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,704

Fundraising Expenses $0

Program Expenses $256,917

Other Expenses $138,332

TOTAL EXPENSES $305,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,753	$270,115	+0.1%
Expenses	$305,036	$311,588	0.0%
Net Income	$-18,283	$-41,473	-0.6%

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

$225,559

Total Directors

$328,011

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK O'LEARY	CHAIRMAN	1.00	Officer Director	$0	$41,145	$115,964
DANIEL SINCLAIR	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN MCCORD	VICE CHAIRMAN	1.00	Officer Director	$0	$40,650	$109,595
DAN DEMASO	VICE SECRETARY	1.00	Officer Director	$0	$0	$0
HECTOR RIVERA	LABOR TRUSTEE	1.00	Director	$0	$39,991	$102,452
MICHAEL HESS	MANAGEMENT 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	$286,753	$305,036	$634,670	$-18,283
2023	$270,115	$311,588	$657,811	$-41,473
2022	$297,720	$328,613	$668,224	$-30,893
2021	$241,647	$401,465	$699,098	$-159,818
2020	$278,337	$261,716	$858,900	$16,621

SHEET METAL WORKERS' LOCAL 15 APPRENTICE & TRAINING COMMITTEE & TRUST FUND