SHEET METAL WORKERS LOCAL 292 APPRENTICESHIP FUND (EIN 387057494) - 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

1969

Legal Domicile

Principal Officer

Same As Above

Phone

2485893237

Tax Period

2024-06-01 to 2025-05-31

SHEET METAL WORKERS LOCAL 292 APPRENTICESHIP FUND, founded in 1969, is a small nonprofit that reported $874K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $842K left a modest 4% surplus.

Mission

Apprenticeship Training

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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 $11,850

Program Service Revenue $730,584

Investment Income $66,898

Other Revenue $64,575

TOTAL REVENUE $873,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,442

Fundraising Expenses $0

Program Expenses $748,268

Other Expenses $311,358

TOTAL EXPENSES $841,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$873,907	$1,157,648	-0.2%
Expenses	$841,800	$823,246	+0.0%
Net Income	$32,107	$334,402	-0.9%

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
David Pistotti	Traning Cordinator	40.00	Highest	$141,048	$97,904	$238,952
Quintin Tunrer Sr	Instructor	40.00	Highest	$120,744	$93,359	$214,103
David Flynn	Secretary	1.00	Director	$0	$0	$0
Paul Gauldoni	Chairman	1.00	Director	$0	$0	$0
Antonio Silvestri	Trustee	1.00	Director	$0	$0	$0
Jeff Makarewicz	Trustee	1.00	Director	$0	$0	$0
Tracy Roberts	Trustee	1.00	Director	$0	$0	$0
Robert Wenzell	Trustee	1.00	Director	$0	$0	$0
Same As Above	N/A	0.00	Officer	$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
2025	$873,907	$841,800	$3,988,975	$32,107
2024	$1,157,648	$823,246	$3,807,542	$334,402
2023	$733,656	$771,109	$3,255,122	$-37,453
2022	$861,323	$743,795	$3,300,895	$117,528
2021	$1,432,820	$638,685	$3,421,909	$794,135
2020	$956,104	$653,195	$2,381,622	$302,909
2019	$836,060	$586,916	$2,065,586	$249,144
2018	$585,767	$561,289	$2,151,988	$24,478

SHEET METAL WORKERS LOCAL 292 APPRENTICESHIP FUND