SHEET METAL WORKERS 33 AKRON DISTR… - 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

1971

Legal Domicile

Phone

3308332998

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS 33 AKRON DISTRICT JOINT APPRENTICESHIP & TRAINING FUND, founded in 1971, is a small nonprofit that reported $565K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $2.3M represent 49 months of operating reserves.

Mission

TRAINING, SUPERVISING AND REGULATING APPRENTICES AND JOURNEYMEN OF THE SHEET METAL WORKERS LOCAL NO 33 AKRON DISTRICT

Program Service Accomplishments

Program 1

Expenses: $481,923 Revenue: $552,443

TRAINING, SUPERVISING AND REGULATING APPRENTICES AND JOURNEYMEN OF THE SHEET METAL WORKERS LOCAL NO 33 AKRON DISTRICT

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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 $0

Program Service Revenue $552,443

Investment Income $11,436

Other Revenue $1,479

TOTAL REVENUE $565,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,109

Fundraising Expenses $0

Program Expenses $481,923

Other Expenses $169,478

TOTAL EXPENSES $580,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$565,358	$661,893	-0.1%
Expenses	$580,789	$723,074	-0.2%
Net Income	$-15,431	$-61,181	-0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVAN BROWN	CO-CHAIRMAN	2	Officer Director	$0	$0	$0
JASON NEWMAN	CO-CHAIRMAN	2	Officer Director	$0	$0	$0
JERRY DURIEUX	TRUSTEE	1	Director	$0	$0	$0
KEVIN TESCH	TRUSTEE	1	Director	$0	$0	$0
VINCE DUFF	TRUSTEE	1	Director	$0	$0	$0
DREW HARDING	TRUSTEE	1	Director	$0	$0	$0
DONALD REZENEK	ALT 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
2024	No data	No data	No data	No data
2023	$565,358	$580,789	$2,334,471	$-15,431
2022	$661,893	$723,074	$2,290,829	$-61,181
2021	$693,763	$551,704	$2,472,226	$142,059
2020	$772,042	$743,619	$2,293,816	$28,423
2019	$778,210	$568,930	$2,235,181	$209,280
2018	$741,992	$443,469	$1,923,325	$298,523

SHEET METAL WORKERS 33 AKRON DISTRICT JOINT APPRENTICESHIP & TRAINING FUND