ROOFERS & WATERPROOFERS LOCAL 37 J… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

JOHN OCHAP

Phone

4127329720

Tax Period

2025-01-01 to 2025-12-31

ROOFERS & WATERPROOFERS LOCAL 37 JT APPRENT & JOURNEYMAN TRAINING FUND, founded in 1978, is a small nonprofit that reported $329K in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $312K left a modest 5% surplus.

Mission

TRAINING OF APPRENTICES

Program Service Accomplishments

Program 1

Expenses: $170,503 Revenue: $299,450

TRAINING OF APPRENTICES IN THE ROOFING/WATERPROOFING TRADE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $22,458

Program Service Revenue $299,450

Investment Income $7,322

Other Revenue $0

TOTAL REVENUE $329,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,943

Fundraising Expenses $0

Program Expenses $170,503

Other Expenses $122,079

TOTAL EXPENSES $312,022

Year-over-Year Comparison

	2025	2024	Change
Revenue	$329,230	$237,597	+0.4%
Expenses	$312,022	$277,617	+0.1%
Net Income	$17,208	$-40,020	-1.4%

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

Total Directors

$134,039

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN FENNICK	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT PORTER	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE BARTHOLOMEW	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN HENRY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN OCHAP	COORDINATOR	40.00	Director	$92,679	$41,360	$134,039

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	$329,230	$312,022	$412,794	$17,208
2024	$237,597	$277,617	$394,248	$-40,020
2023	$194,593	$294,917	$434,967	$-100,324
2022	$220,773	$261,389	$538,357	$-40,616
2021	$244,760	$200,876	$572,413	$43,884
2020	$280,099	$159,126	$527,693	$120,973
2019	$280,554	$175,494	$406,976	$105,060
2018	$249,059	$146,598	$323,141	$102,461

ROOFERS & WATERPROOFERS LOCAL 37 JT APPRENT & JOURNEYMAN TRAINING FUND