CHICAGO ROOFERS APPRENTICE FUND (EIN 362055440) - 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

1945

Legal Domicile

Phone

7082464488

Tax Period

2024-01-01 to 2024-12-31

CHICAGO ROOFERS APPRENTICE FUND, founded in 1945, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $739K, a strong 23% operating margin.

Mission

TO PROVIDE EDUCATION AND TRAINING TO THE APPRENTICES AND JOURNEYMEN OF THE ROOFING UNION

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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 $2,200

Program Service Revenue $3,079,431

Investment Income $68,199

Other Revenue $10,947

TOTAL REVENUE $3,160,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,102,820

Fundraising Expenses $0

Program Expenses $1,557,663

Other Expenses $1,319,372

TOTAL EXPENSES $2,422,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,160,777	$2,868,731	+0.1%
Expenses	$2,422,192	$2,445,378	0.0%
Net Income	$738,585	$423,353	+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

$18,429

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY REFIEUNA	CHAIRMAN	3.00	Director	$0	$0	$0
RYAN PETRICK	TRUSTEE	3.00	Director	$0	$0	$0
LUKE DUFFY	TRUSTEE	3.00	Director	$0	$0	$0
GARY MENZEL	SECRETARY/INSTRUCTOR	3.00	Director	$4,198	$619	$4,817
LARRY GNAT	TRUSTEE	3.00	Director	$0	$0	$0
TRAVIS GORMAN	TRUSTEE/INSTRUCTOR	3.00	Director	$5,847	$841	$6,688
JJ MATTHEWS	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD COLUZZI JR	TRUSTEE/INSTRUCTOR	3.00	Director	$5,966	$958	$6,924
KEVIN COLEMAN	COORDINATOR	40.00	Highest	$167,188	$58,419	$225,607
BRIAN DUBIN	FULL-TIME INSTRUCTOR	40.00	Highest	$160,664	$61,343	$222,007
ARAMIS MELECIO	FULL-TIME INSTRUCTOR	40.00	Highest	$147,220	$58,706	$205,926

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	$3,160,777	$2,422,192	$8,130,100	$738,585
2023	$2,868,731	$2,445,378	$7,705,548	$423,353
2022	$2,680,865	$2,236,516	$7,204,214	$444,349
2021	$2,430,714	$2,065,850	$7,023,987	$364,864
2020	$2,281,380	$1,729,085	$6,878,460	$552,295
2019	$1,724,485	$1,706,591	$4,718,182	$17,894

CHICAGO ROOFERS APPRENTICE FUND