SHEET METAL JOINT APPRENTICE COMMITTEE INC (EIN 480812386) - 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

1976

Legal Domicile

Principal Officer

MATT HILDRETH

Phone

3169414311

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL JOINT APPRENTICE COMMITTEE INC, founded in 1976, is a small nonprofit that reported $377K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $122K, a strong 32% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT A PROGRAM FOR THE TRAINING AND EDUCATION OF SHEET METAL APPRENTICE JOURNEY PERSONS, AND OTHER PERSONS AS MAY BE DESIGNATED BY THE TRUSTEES, AND OTHER PROGRAMS IN FURTHERANCE.

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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 $54,318

Program Service Revenue $268,753

Investment Income $24,866

Other Revenue $29,183

TOTAL REVENUE $377,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,587

Fundraising Expenses $0

Program Expenses $222,502

Other Expenses $157,531

TOTAL EXPENSES $255,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,120	$314,998	+0.2%
Expenses	$255,118	$259,889	0.0%
Net Income	$122,002	$55,109	+1.2%

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

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

Total Directors

$144,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HILDRETH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE WOLKE	RECORDING SE	1.00	Officer Director	$0	$0	$0
JEFF TOWNSEND	TRUSTEE	1.00	Director	$0	$55,708	$144,232
PHILLIP KISSINGER	TRUSTEE	1.00	Director	$0	$0	$0
CASEY ROHAUS	TRUSTEE	1.00	Director	$0	$0	$0
MARC LACKEY	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	$377,120	$255,118	$807,985	$122,002
2024	No data	No data	No data	No data
2023	$314,998	$259,889	$680,572	$55,109
2022	$245,418	$241,297	$618,385	$4,121
2021	$287,657	$288,919	$629,125	$-1,262
2020	$298,455	$227,335	$635,874	$71,120
2019	$282,352	$454,023	$748,111	$-171,671
2018	$271,078	$228,032	$706,086	$43,046

SHEET METAL JOINT APPRENTICE COMMITTEE INC