SHEET METAL WORKERS LOCAL 361 APPRENTICE (EIN 726034161) - 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

1937

Legal Domicile

Phone

2259274066

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS LOCAL 361 APPRENTICE, founded in 1937, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 25% operating margin.

Mission

TO PROVIDE SHEET METAL TRAINING TO MEMBERS AND APPRENTICES BY TRAINED FACULTY TEACHING AN APPROVED CURRICULUM.

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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 $0

Program Service Revenue $134,664

Investment Income $0

Other Revenue $13,220

TOTAL REVENUE $147,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,816

Fundraising Expenses $0

Other Expenses $97,959

TOTAL EXPENSES $110,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,884	$115,806	+0.3%
Expenses	$110,775	$101,787	+0.1%
Net Income	$37,109	$14,019	+1.6%

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	Role	Reportable Comp	Other Comp	Total
DANNY SIMON	Trustee	Director	$0	$0	$0
CHRIS SCARLETT	Trustee	Director	$0	$0	$0
GEORGE TAYLOR JR	Trustee	Director	$0	$0	$0
BILLY ATLON	Trustee	Director	$0	$0	$0
JACKIE RICHARDSON	Trustee	Director	$0	$0	$0
JAY PARRISH	Trustee	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	$147,884	$110,775	$464,770	$37,109
2024	No data	No data	No data	No data
2023	$112,488	$114,920	$394,367	$-2,432
2022	$106,868	$118,442	$424,319	$-11,574
2021	$97,910	$124,704	$448,836	$-26,794
2020	$91,425	$107,308	$459,489	$-15,883
2019	$84,034	$120,557	$486,971	$-36,523
2018	$69,323	$123,606	$534,481	$-54,283

SHEET METAL WORKERS LOCAL 361 APPRENTICE