FINISHING TRADES INSTITUTE OF THE OHIO REGION

EIN: 341886672 501(c)(3) Education

STRONGSVILLE, OH

Total Revenue
$1,506,560
Total Expenses
$1,370,612
Total Assets
$1,594,297
Net Assets
$1,588,397
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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
1999
Legal Domicile
OH
Principal Officer
JAMES SHERWOOD
Phone
4402394575
Tax Period
2023-01-01 to 2023-12-31

FINISHING TRADES INSTITUTE OF THE OHIO REGION, founded in 1999, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 9% surplus.

Mission

TRAINING OF PRE-APPREMTICES, UPGRADING JOURNEYPERSONS SKILLS, AND RESEARCHING HEALTH AND SAFETY ISSUES RELATIVE TO THE PAINTING AND ALLIED TRADES INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $1,063,270 Revenue: $1,340,256

EXPENSES FOR TRAINING, UPGRADING SKILLS AND RESEARCHING ISSUES IN ACCORDANCE WITH THE PRIMARY PURPOSE OF THE ORGANIZATION FOR PRE-APPRENTICES, APPRENTICES, AND JOURNEYPERSONS THAT ARE MEMBERS OF THE...

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EXPENSES FOR TRAINING, UPGRADING SKILLS AND RESEARCHING ISSUES IN ACCORDANCE WITH THE PRIMARY PURPOSE OF THE ORGANIZATION FOR PRE-APPRENTICES, APPRENTICES, AND JOURNEYPERSONS THAT ARE MEMBERS OF THE ORGANIZATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $123,170
Program Service Revenue $1,340,256
Investment Income $43,134
Other Revenue $0
TOTAL REVENUE $1,506,560

Expense Breakdown

Grants Paid $0
Salaries & Benefits $791,069
Fundraising Expenses $0
Program Expenses $1,063,270
Other Expenses $579,543
TOTAL EXPENSES $1,370,612

Year-over-Year Comparison

2023 2022 Change
Revenue $1,506,560 $1,175,818 +0.3%
Expenses $1,370,612 $1,238,807 +0.1%
Net Income $135,948 $-62,989 -3.2%
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

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Governance

Voting Members
18
Independent Members
18
Employees
18
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
1
$132,882
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY HAUCK JR TRUSTEE 2.00
Director
$0 $0 $0
LOU FERRANTE TRUSTEE 2.00
Director
$0 $0 $0
CHRIS NAEGELE TRUSTEE 2.00
Director
$0 $0 $0
SCOTT HARTER TRUSTEE 2.00
Director
$0 $0 $0
BILL MITCHELL TRUSTEE 2.00
Director
$0 $0 $0
JAMES SHERWOOD TRUSTEE 2.00
Director
$0 $0 $0
APRIL SMOLIK TRUSTEE 2.00
Director
$0 $0 $0
DAVID GIORGI TRUSTEE 2.00
Director
$0 $0 $0
TIM LINVILLE TRUSTEE 2.00
Director
$0 $0 $0
STEVE RODITIS TRUSTEE 2.00
Director
$0 $0 $0
JIM TAYLOR TRUSTEE 2.00
Director
$0 $0 $0
JIM BLACK TRUSTEE 2.00
Director
$0 $0 $0
BILL BOLIN TRUSTEE 2.00
Director
$0 $0 $0
MIKE KELLY TRUSTEE 2.00
Director
$0 $0 $0
RYAN LONDON TRUSTEE 2.00
Director
$0 $0 $0
CHRIS REPH TRUSTEE 2.00
Director
$0 $0 $0
DAVID LAY TRUSTEE 2.00
Director
$0 $0 $0
JAMIE PEPPERS TRUSTEE 2.00
Director
$0 $0 $0
GEORGE BOOTS ADMINISTRATOR 48.00
Officer
$90,838 $42,044 $132,882
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 $1,506,560 $1,370,612 $1,594,297 $135,948
2022 $1,175,818 $1,238,807 $1,393,842 $-62,989
2021 $1,176,965 $1,243,540 $1,563,825 $-66,575
2020 $1,196,186 $1,230,441 $1,616,475 $-34,255
2019 $1,416,951 $1,423,911 $1,617,649 $-6,960
2018 $1,408,222 $1,371,573 $1,556,161 $36,649
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