ALABAMA SHEET METAL JOINT INDUSTRY… - Form 990 Financial Data

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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

1959

Legal Domicile

Principal Officer

DANIEL WALDEN

Phone

2053220216

Tax Period

2023-06-01 to 2024-05-31

ALABAMA SHEET METAL JOINT INDUSTRY BOARD INC, founded in 1959, is a small nonprofit that reported $589K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 20% operating margin.

Mission

PROVIDES APPRENTICESHIP TRAINING

Program Service Accomplishments

Program 1

APPRENTICESHIP TRAINING SCHOOL FOR SHEET METAL WORKERS ESTABLISHED BY A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE LOCAL UNION AND THE MECHANICAL CONTRACTORS ASSOCIATION.

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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 $250,671

Program Service Revenue $327,559

Investment Income $8,531

Other Revenue $2,462

TOTAL REVENUE $589,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,588

Fundraising Expenses $0

Other Expenses $217,019

TOTAL EXPENSES $471,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$589,223	$346,351	+0.7%
Expenses	$471,607	$355,554	+0.3%
Net Income	$117,616	$-9,203	-13.8%

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
JONATHAN ATCHISON	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA HUNTER	CHAIRMAN - P	2.00	Officer Director	$0	$0	$0
WILLIAM STRICKLAND	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH TODD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DANIEL WALDEN	SECRETARY TR	2.00	Officer Director	$0	$0	$0
ANDREW WHITE	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS WHITE	DIRECTOR	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	$589,223	$471,607	$755,574	$117,616
2023	$346,351	$355,554	$652,020	$-9,203
2022	$271,630	$218,628	$640,810	$53,002
2021	$283,243	$173,081	$591,532	$110,162
2020	$140,791	$181,810	$472,086	$-41,019
2019	$133,937	$119,293	$521,948	$14,644

ALABAMA SHEET METAL JOINT INDUSTRY BOARD INC