ST LOUIS SHEET METAL JOINT APPRENTICESHIP FUND (EIN 431077850) - 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

1975

Legal Domicile

Principal Officer

RAY REASONS

Phone

3145349680

Tax Period

2023-01-01 to 2023-12-31

ST LOUIS SHEET METAL JOINT APPRENTICESHIP FUND, founded in 1975, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 6% surplus.

Mission

EDUCATION AND TRAINING OF SHEET METAL WORKERS.

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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 $25,500

Program Service Revenue $4,829,919

Investment Income $117,543

Other Revenue $84,968

TOTAL REVENUE $5,057,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,287,162

Fundraising Expenses $0

Other Expenses $1,487,209

TOTAL EXPENSES $4,774,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,057,930	$3,677,048	+0.4%
Expenses	$4,774,371	$3,574,490	+0.3%
Net Income	$283,559	$102,558	+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

386

Volunteers

N/A

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

$200,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY REASONS	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JAMES SCHULTE	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY SNYDER	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL DURPHY	CO-CHAIRMAN	1.00	Director	$0	$0	$0
RUSSELL SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BLAKLEY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH KEHDER	DIRECTOR OF EDUCATION	40.00	Officer	$128,364	$72,034	$200,398
MARK CARRON	INSTRUCTOR	40.00	Highest	$113,875	$69,533	$183,408
JASON LACHANCE	INSTRUCTOR	40.00	Highest	$113,875	$69,533	$183,408
JASON NORTHCUTT	INSTRUCTOR	40.00	Highest	$113,875	$69,533	$183,408

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	$5,057,930	$4,774,371	$3,765,353	$283,559
2022	$3,677,048	$3,574,490	$3,479,673	$102,558
2021	$2,630,165	$3,152,523	$3,367,685	$-522,358
2020	$1,960,670	$2,834,387	$3,900,851	$-873,717
2019	$2,298,068	$3,030,996	$4,780,434	$-732,928
2018	$3,084,596	$2,759,083	$5,504,452	$325,513

ST LOUIS SHEET METAL JOINT APPRENTICESHIP FUND