SHEET METAL WORKERS LOCAL 4 APPRENTICE FUND (EIN 620811943) - 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

1969

Legal Domicile

Principal Officer

MIKE THORNE

Phone

9012744013

Tax Period

2024-04-01 to 2025-03-31

SHEET METAL WORKERS LOCAL 4 APPRENTICE FUND, founded in 1969, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $659K, a strong 65% operating margin.

Mission

THE SHEET METAL WORKERS APPRENTICESHIP AND TRAINING PROGRAM IS DEDICATED TO EXCELLENCE IN VOCATIONAL SHEET METAL TRAINING FOR THE UNIONIZED SHEET METAL INDUSTRY.

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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 $27,000

Program Service Revenue $986,288

Investment Income $88

Other Revenue $0

TOTAL REVENUE $1,013,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,391

Fundraising Expenses $0

Program Expenses $303,053

Other Expenses $139,992

TOTAL EXPENSES $354,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,013,376	$577,486	+0.8%
Expenses	$354,383	$224,183	+0.6%
Net Income	$658,993	$353,303	+0.9%

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
MIKE THORNE	TRUSTEE- CHAIRMAN	2.00	Director	$0	$0	$0
JEREMY MORROW	TRUSTEE	1.00	Director	$0	$0	$0
JAMES MOON	TRUSTEE	1.00	Director	$0	$0	$0
JOSH WALKER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SINK	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD SCHOCKE	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
2025	$1,013,376	$354,383	$1,519,780	$658,993
2024	$577,486	$224,183	$859,464	$353,303
2023	$189,823	$206,832	$505,600	$-17,009
2022	$157,127	$172,173	$522,188	$-15,046
2021	$183,942	$130,149	$537,311	$53,793

SHEET METAL WORKERS LOCAL 4 APPRENTICE FUND