SHEET METAL WORKERS' LOCAL NO 20 APPRENTICESHIP AND TRAINING TRUST (EIN 351154275) - 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

1968

Legal Domicile

Principal Officer

JONATHAN BROCK

Phone

3175410050

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS' LOCAL NO 20 APPRENTICESHIP AND TRAINING TRUST, founded in 1968, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $5.9M left a modest 11% surplus.

Mission

TRAINING FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,435,569

Investment Income $48,732

Other Revenue $131,597

TOTAL REVENUE $6,615,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,623,501

Fundraising Expenses $0

Program Expenses $5,429,253

Other Expenses $3,278,155

TOTAL EXPENSES $5,901,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,615,898	$5,419,517	+0.2%
Expenses	$5,901,656	$5,233,682	+0.1%
Net Income	$714,242	$185,835	+2.8%

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

$376,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANK MEYERS	TRUSTEE	1.00	Director	$0	$0	$0
TRENT TODD	TRUSTEE	1.00	Director	$0	$0	$0
SHAUN REINOEHL	TRUSTEE - PAST	1.00	Director	$0	$0	$0
DARRYL ESTERLINE	TRUSTEE - PAST	1.00	Director	$0	$0	$0
KEVIN NEEDHAM	TRUSTEE	1.00	Director	$0	$0	$0
JOHN WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH LANSDELL	TRUSTEE	1.00	Director	$0	$0	$0
RAY SUMNER JR	TRUSTEE	1.00	Director	$0	$0	$0
KREG HOMOKY	TRUSTEE	1.00	Director	$0	$0	$0
STAN WATKINS	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN SHEKELL	TRUSTEE	1.00	Director	$0	$0	$0
ADAM VIDIMOS	TRUSTEE	1.00	Director	$0	$0	$0
DAVE SIDDALL	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
RODNEY CONN	TRUSTEE - NEW	1.00	Director	$0	$0	$0
JEREMIAH HALE	TRUSTEE - NEW	1.00	Director	$0	$0	$0
RICKY COLEMAN	COORDINATOR - PAST	40.00	Officer	$133,352	$75,570	$208,922
JONATHAN BROCK	COORDINATOR - NEW	40.00	Officer	$97,328	$69,952	$167,280
SCOTT BUSH	INSTRUCTOR	40.00	Highest	$118,040	$86,137	$204,177

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	$6,615,898	$5,901,656	$7,493,850	$714,242
2024	$5,419,517	$5,233,682	$6,723,541	$185,835
2023	$4,582,432	$4,567,871	$7,071,024	$14,561
2022	$3,929,061	$4,384,120	$6,462,738	$-455,059
2021	$4,413,122	$4,098,126	$7,039,275	$314,996
2020	$4,039,318	$3,663,100	$7,503,134	$376,218
2019	$3,313,512	$3,387,988	$7,029,351	$-74,476
2018	$3,425,240	$3,282,626	$7,276,209	$142,614

SHEET METAL WORKERS' LOCAL NO 20 APPRENTICESHIP AND TRAINING TRUST