SW JATC TRAINING FUND

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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

1949

Legal Domicile

Principal Officer

MATTHEW SOMMER

Phone

6183431954

Tax Period

2024-09-01 to 2025-08-31

SW JATC TRAINING FUND, founded in 1949, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $331K, a strong 25% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE APPRENTICESHIP TRAINING IN THE ELECTRICAL FIELD. THE ORGANIZATION IS PRIMARILY FUNDED BY AN HOURLY FEE ON THE MONTHLY FRINGE BENEFIT REPORTS SUBMITTED BY MEMBER CONTRACTORS UNDER A COLLECTIVE BARGAINING AGREEMENT.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE FUND IS TO PROVIDE APPRENTICESHIP TRAINING IN THE ELECTRICAL FIELD.

Program 2

NONE

Program 3

NONE

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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 $1,283,035

Investment Income $29,726

Other Revenue $14,711

TOTAL REVENUE $1,327,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $691,078

Fundraising Expenses $0

Other Expenses $305,669

TOTAL EXPENSES $996,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,327,472	$1,153,819	+0.2%
Expenses	$996,747	$921,627	+0.1%
Net Income	$330,725	$232,192	+0.4%

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

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

$220,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LES BENTON	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY GLAENZER	TRUSTEE	2.00	Director	$0	$0	$0
MATT RIEBELING	TRUSTEE	2.00	Director	$0	$0	$0
JASON STIEF	TRUSTEE	2.00	Director	$0	$0	$0
STEVE LODES	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS HANKINS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MATTHEW SOMMER	DIRECTOR	40.00	Officer	$112,107	$0	$112,107
PATRICK SOWELL	ASSISTANT DIRECTOR	40.00	Officer	$108,024	$0	$108,024
STEPHEN ERSPAMER	INSTRUCTOR	40.00	Highest	$105,358	$0	$105,358

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	$1,327,472	$996,747	$1,483,020	$330,725
2024	$1,153,819	$921,627	$1,152,295	$232,192
2023	$963,518	$743,109	$920,103	$220,409
2022	$844,798	$699,839	$699,694	$144,959
2021	$755,990	$682,027	$556,723	$73,963
2020	$812,748	$695,094	$482,760	$117,654