ROOFERS AND WATERPROOFERS RESEARCH AND EDUCATION JOINT TRUST FUND (EIN 521812522) - 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

1993

Legal Domicile

Principal Officer

JAMES HADEL

Phone

2024637663

Tax Period

2024-07-01 to 2025-06-30

ROOFERS AND WATERPROOFERS RESEARCH AND EDUCATION JOINT TRUST FUND, founded in 1993, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $675K, a strong 30% operating margin.

Mission

PROVIDE EDUCATION AND 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 $0

Program Service Revenue $2,059,538

Investment Income $159,153

Other Revenue $7,889

TOTAL REVENUE $2,226,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $907,560

Fundraising Expenses $0

Other Expenses $643,645

TOTAL EXPENSES $1,551,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,226,580	$1,855,684	+0.2%
Expenses	$1,551,205	$1,489,733	+0.0%
Net Income	$675,375	$365,951	+0.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HADEL	TRUSTEE - CHAIRMAN	1.00	Director	$0	$0	$0
CHRISTOPHER M CRONIN	TRUSTEE - SECRETARY	1.00	Director	$0	$0	$0
LYNN PRICE	TRUSTEE - NEW	1.00	Director	$0	$0	$0
JORDAN RITENOUR	TRUSTEE	1.00	Director	$0	$0	$0
KEITH VITKOVICH	EXECUTIVE DIRECTOR	35.00	Highest	$179,622	$55,359	$234,981
JOEL GONZALEZ	INSTRUCTOR	35.00	Highest	$123,504	$42,217	$165,721
GEOFFREY MCSWEEN	INSTRUCTOR	35.00	Highest	$106,806	$49,273	$156,079

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	$2,226,580	$1,551,205	$4,741,768	$675,375
2024	$1,855,684	$1,489,733	$3,986,646	$365,951
2023	$1,737,397	$1,302,290	$3,483,972	$435,107
2022	$1,428,306	$1,173,100	$2,959,094	$255,206
2021	$1,422,282	$654,144	$2,734,582	$768,138
2020	$1,191,933	$749,838	$1,975,744	$442,095
2019	$876,203	$754,092	$1,508,897	$122,111

ROOFERS AND WATERPROOFERS RESEARCH AND EDUCATION JOINT TRUST FUND