SHEET METAL WORKERS' LOCAL UNION #5 (JATC) (EIN 621223806) - 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

1950

Legal Domicile

Principal Officer

LINCOLN FRITTS

Phone

8656892928

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS' LOCAL UNION #5 (JATC), founded in 1950, is a small nonprofit that reported $843K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $258K, a strong 31% operating margin.

Mission

PROFESSIONAL TRAINING OF UNION APPRENTICES IN SHEET METAL CRAFTMANSHIP

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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 $84,000

Program Service Revenue $737,613

Investment Income $15,518

Other Revenue $5,656

TOTAL REVENUE $842,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,772

Fundraising Expenses $0

Program Expenses $567,713

Other Expenses $396,700

TOTAL EXPENSES $584,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$842,787	$624,114	+0.4%
Expenses	$584,472	$379,328	+0.5%
Net Income	$258,315	$244,786	+0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAC STILES	TRUSTEE	2.00	Director	$0	$0	$0
TODD BURGIN	TRUSTEE	2.00	Director	$0	$0	$0
JOSH PORTER	TRUSTEE	2.00	Director	$0	$0	$0
WAYNE HOUSER	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY GRIFFIN	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTIAN FULLER	TRUSTEE	2.00	Director	$0	$0	$0
BEN KING	TRUSTEE	2.00	Director	$0	$0	$0
JOSHUA CRESSWELL	TRUSTEE	2.00	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	$842,787	$584,472	$1,316,826	$258,315
2023	$624,114	$379,328	$1,060,170	$244,786
2022	$658,286	$460,291	$809,922	$197,995
2021	$406,955	$171,292	$498,532	$235,663
2020	$273,275	$156,816	$259,250	$116,459

SHEET METAL WORKERS' LOCAL UNION #5 (JATC)