SHEETMETAL WORKERS LOCAL 32 JAT PRO JOINT APPRENTICESHIP &TRAINING FUND (EIN 591366225) - 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

1970

Legal Domicile

Principal Officer

JAMES F COMBS

Phone

3056518692

Tax Period

2022-10-01 to 2023-09-30

SHEETMETAL WORKERS LOCAL 32 JAT PRO JOINT APPRENTICESHIP &TRAINING FUND, founded in 1970, is a small nonprofit that reported $331K in total revenue in fiscal year 2022. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $320K left a modest 3% surplus.

Mission

PROVIDES SCHOOLING TO STUDENTS OF THE SHEET METAL TRADE

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $331,437

Investment Income $0

Other Revenue $0

TOTAL REVENUE $331,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,514

Fundraising Expenses $0

Program Expenses $320,026

Other Expenses $197,512

TOTAL EXPENSES $320,026

Year-over-Year Comparison

	2022	2021	Change
Revenue	$331,437	$202,075	+0.6%
Expenses	$320,026	$342,532	-0.1%
Net Income	$11,411	$-140,457	-1.1%

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

$77,147

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES F COMBS	DIRECTOR	40.00	Director	$77,147	$0	$77,147
ROGER HUDSPETH II	TRUSTEE	N/A	Director	$0	$0	$0
BILL MEDLIN	TRUSTEE	N/A	Director	$0	$0	$0
CHRIS RITCHIE	TRUSTEE	N/A	Director	$0	$0	$0
TOM STERLING	TRUSTEE	N/A	Director	$0	$0	$0
DANNY VILLARRUEL	TRUSTEE	N/A	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
2023	$331,437	$320,026	$673,787	$11,411
2022	$202,075	$342,532	$673,790	$-140,457
2021	$292,319	$318,932	$750,075	$-26,613
2020	$389,688	$301,729	$776,693	$87,959
2019	$369,844	$334,821	$708,371	$35,023
2018	$346,887	$305,112	$670,761	$41,775

SHEETMETAL WORKERS LOCAL 32 JAT PRO JOINT APPRENTICESHIP &TRAINING FUND