ROOFERS- UNION LOCAL NO 70 APPRENTICESHIP TRUST (EIN 382842347) - 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

1988

Legal Domicile

Principal Officer

MARK WOODWARD

Phone

5175486554

Tax Period

2024-01-01 to 2024-12-31

ROOFERS- UNION LOCAL NO 70 APPRENTICESHIP TRUST, founded in 1988, is a small nonprofit that reported $205K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $485K represent 28 months of operating reserves.

Mission

THE ROOFERS UNION LOCAL NO. 70 - APPRENTICESHIP FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING TRAINING TO APPRENTICE MEMBERS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE ROOFERS LOCAL NO. 70, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $194,319

Investment Income $10,766

Other Revenue $0

TOTAL REVENUE $205,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,116

Fundraising Expenses $0

Program Expenses $174,320

Other Expenses $58,178

TOTAL EXPENSES $216,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,085	$222,039	-0.1%
Expenses	$216,875	$188,351	+0.2%
Net Income	$-11,790	$33,688	-1.3%

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

N/A

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

$99,386

Total Directors

$199,726

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES RUMSEY	TRUSTEE	1.00	Director	$0	$0	$99,386
MARK WOODWARD	TRUSTEE	1.00	Officer Director	$0	$0	$99,386
NICK BOSWORTH	TRUSTEE	1.00	Director	$0	$0	$954
TOM BLOOM	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY GAY	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE COOK LINDSEY	TRUSTEE	1.00	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	$205,085	$216,875	$498,300	$-11,790
2023	$222,039	$188,351	$499,737	$33,688
2022	$187,943	$228,058	$482,011	$-40,115
2021	$177,485	$176,788	$523,718	$697
2020	$179,445	$176,892	$511,833	$2,553
2019	$191,964	$149,075	$506,795	$42,889
2018	$180,056	$158,225	$476,605	$21,831

ROOFERS- UNION LOCAL NO 70 APPRENTICESHIP TRUST