SHEET METAL WORKERS LOCAL #24 APPRENTICESHIP TRAINING COMM TRUST FUND (EIN 310645088) - 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

1967

Legal Domicile

Principal Officer

GREGORY JOHNSON

Phone

5138218120

Tax Period

2024-06-01 to 2025-05-31

SHEET METAL WORKERS LOCAL #24 APPRENTICESHIP TRAINING COMM TRUST FUND, founded in 1967, is a small nonprofit that reported $638K in total revenue in fiscal year 2024. Expenses of $566K left a modest 11% surplus.

Mission

PROVISION OF APPRENTICESHIP TRAINING FOR APPRENTICE SHEET METAL WORKERS

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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 $475,828

Program Service Revenue $160,458

Investment Income $1

Other Revenue $1,307

TOTAL REVENUE $637,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,553

Fundraising Expenses $0

Other Expenses $350,354

TOTAL EXPENSES $565,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$637,594	$623,999	+0.0%
Expenses	$565,907	$529,597	+0.1%
Net Income	$71,687	$94,402	-0.2%

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

N/A

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
SCOTT BOOSVELD	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SANDMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOSH JACOBS	TRUSTEE	1.00	Director	$0	$0	$0
JEFF MUELLER	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HUNLEY	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY JOHNSON	CHAIRMAN	1.00	Officer	$0	$0	$0
KEVIN JOHNSON	CO-CHAIRMAN	1.00	Officer	$0	$0	$0
BOB POPE	EXECUTIVE DIRECTOR	1.00	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	$637,594	$565,907	$824,560	$71,687
2024	$623,999	$529,597	$780,512	$94,402
2023	$600,181	$456,146	$614,632	$144,035
2022	$400,625	$298,601	$471,260	$102,024
2021	$361,402	$340,254	$366,196	$21,148
2020	$457,631	$341,846	$420,830	$115,785
2019	$487,942	$448,190	$400,036	$39,752

SHEET METAL WORKERS LOCAL #24 APPRENTICESHIP TRAINING COMM TRUST FUND