SHEET METAL WORKERS LOCAL 441 AP TRUST (EIN 630656332) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

PAT KENNY

Phone

2514766473

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS LOCAL 441 AP TRUST, founded in 1946, is a small nonprofit in the Employment sector that reported $182K in total revenue in fiscal year 2019. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 70% operating margin.

Mission

JOURNEYMEN AND APPRENTICE TRAINING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,628

Program Service Revenue $188,493

Investment Income $18,067

Other Revenue $7,680

TOTAL REVENUE $215,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,801

Fundraising Expenses $0

Program Expenses $181,847

Other Expenses $55,046

TOTAL EXPENSES $181,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,868	$179,717	+0.2%
Expenses	$181,847	$165,196	+0.1%
Net Income	$34,021	$14,521	+1.3%

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

$68,891

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS FISHER	TRUSTEE	2.00	Officer Director	$0	$0	$0
RICHARD JENNINGS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN KENNY	TRUSTEE	2.00	Director	$0	$0	$0
DARREN DEAS	TRUSTEE	2.00	Officer Director	$0	$0	$0
JOHN KING	TRUSTEE	2.00	Director	$0	$0	$0
JOE VALLE	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK KENNY	TRAINING COORDINATOR	40.00	Director	$68,891	$0	$68,891

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	$215,868	$181,847	$631,460	$34,021
2023	$179,717	$165,196	$598,122	$14,521
2022	$155,198	$172,601	$583,503	$-17,403
2021	$167,635	$156,691	$603,370	$10,944
2020	$128,110	$104,731	$591,887	$23,379
2019	$181,957	$54,918	$564,381	$127,039

SHEET METAL WORKERS LOCAL 441 AP TRUST