SHEET METAL LOCAL 80 JOINT APPRENTICESHIP FUND (EIN 381795378) - 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

1965

Legal Domicile

Principal Officer

TIMOTHY MULLIGAN

Phone

5869795190

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL LOCAL 80 JOINT APPRENTICESHIP FUND, founded in 1965, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $435K, a strong 28% operating margin.

Mission

JOINT APPRENTICE SCHOOL

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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 $59,925

Program Service Revenue $1,348,179

Investment Income $147,561

Other Revenue $0

TOTAL REVENUE $1,555,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $677,415

Fundraising Expenses $0

Program Expenses $1,120,508

Other Expenses $443,093

TOTAL EXPENSES $1,120,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,555,665	$1,241,968	+0.3%
Expenses	$1,120,508	$1,087,542	+0.0%
Net Income	$435,157	$154,426	+1.8%

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

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
TIMOTHY MULLIGAN	TRUSTEE	1.00	Director	$0	$0	$0
GARY LULEK	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW O'ROUKE	ADMINISTRATOR	40.00	Highest	$115,731	$0	$115,731
ALEX BRZUSZEK	RECORDING SECRETARY	1.00	Director	$0	$0	$0
PHIL McSHANE	TRUSTEE	1.00	Director	$0	$0	$0
GLEN PARVIN	TRUSTEE	1.00	Director	$0	$0	$0
TODD HILL	TRUSTEE	1.00	Director	$0	$0	$0
NICK COLONE	CHAIRMAN	1.00	Director	$0	$0	$0
TIMOTHY GAY	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL A VELEZ	INTRUCTOR	40.00	Highest	$118,897	$0	$118,897
JOSHUA TAULBEE	INSTRUCTOR	40.00	Highest	$107,749	$0	$107,749

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	$1,555,665	$1,120,508	$4,389,597	$435,157
2022	$1,241,968	$1,087,542	$3,575,409	$154,426
2021	$1,434,894	$1,008,004	$4,118,012	$426,890
2020	$1,006,252	$926,539	$3,560,801	$79,713
2019	$1,058,675	$990,119	$3,091,383	$68,556
2018	$1,116,489	$903,453	$2,551,030	$213,036

SHEET METAL LOCAL 80 JOINT APPRENTICESHIP FUND