SHEET METAL WORKERS LOCAL 7 ZONE 1 FIVE CITIES ASSN JOINT APPRENTICESHIP FUND (EIN 382286787) - 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

2005

Legal Domicile

Principal Officer

JASON CARTER

Phone

2697817183

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL 7 ZONE 1 FIVE CITIES ASSN JOINT APPRENTICESHIP FUND, founded in 2005, is a small nonprofit that reported $600K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $555K left a modest 7% surplus.

Mission

TO PROVIDE A TRAINING OR RETRAINING AND EDUCATIONAL PROGRAM FOR APPRENTICES AND JOURNEYMEN.

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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 $784

Program Service Revenue $569,134

Investment Income $29,602

Other Revenue $0

TOTAL REVENUE $599,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,989

Fundraising Expenses $0

Other Expenses $241,497

TOTAL EXPENSES $555,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$599,520	$484,966	+0.2%
Expenses	$555,486	$387,848	+0.4%
Net Income	$44,034	$97,118	-0.5%

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
DAN VANMIDDLESWORTH	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE BOYER	TRUSTEE	1.00	Director	$0	$0	$0
JERRY RUOFF	TRUSTEE	1.00	Director	$0	$0	$0
ERIC FARRINGTON	TRUSTEE	1.00	Director	$0	$0	$0
PAUL BURCHFIELD	TRUSTEE (ENDED 11/30/23)	1.00	Director	$0	$0	$0
JAMES CALLAHAN	CO-CHAIR/SECRETARY (ENDED 03/15/23)	1.00	Officer Director	$0	$0	$0
VANCE SAUNDERS	CO-CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
JASON CARTER	CHAIR	1.00	Officer Director	$0	$0	$0

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	$599,520	$555,486	$1,611,205	$44,034
2022	$484,966	$387,848	$1,484,133	$97,118
2021	$502,285	$393,034	$1,559,037	$109,251
2020	$371,635	$406,066	$1,400,107	$-34,431
2019	$323,193	$319,253	$1,337,615	$3,940
2018	$244,094	$228,807	$1,254,440	$15,287

SHEET METAL WORKERS LOCAL 7 ZONE 1 FIVE CITIES ASSN JOINT APPRENTICESHIP FUND