SHEET METAL WORKERS 435 JAT FUND (EIN 596491664) - 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

LANCE FOUT

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS 435 JAT FUND, founded in 1970, is a small nonprofit in the Employment sector that reported $364K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $450K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ORGANIZATION PROVIDED TRAINING AND EDUCATION TO APPRENTICES IN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $339,466

Investment Income $21,798

Other Revenue $2,709

TOTAL REVENUE $363,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,821

Fundraising Expenses $0

Program Expenses $449,815

Other Expenses $240,994

TOTAL EXPENSES $449,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,973	$422,402	-0.1%
Expenses	$449,815	$409,137	+0.1%
Net Income	$-85,842	$13,265	-7.5%

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

N/A

Employees

N/A

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
JONATHAN E CROFT	CHAIRMAN	10.00	Officer Director	$0	$0	$0
LANCE FOUT	SECRETARY	10.00	Officer Director	$0	$0	$0
RAY BURNSED	TRUSTEE	10.00	Officer Director	$0	$0	$0
JAMES HUNT	TRUSTEE	10.00	Officer 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	No data	No data	No data	No data
2023	$363,973	$449,815	$1,229,384	$-85,842
2022	$422,402	$409,137	$1,315,092	$13,265
2021	$429,546	$455,620	$1,299,222	$-26,074
2020	$335,436	$360,813	$1,325,296	$-25,377
2019	$372,346	$340,743	$1,324,874	$31,603
2018	$348,621	$283,460	$1,298,740	$65,161

SHEET METAL WORKERS 435 JAT FUND