SHEET METAL WORKERS JATC (EIN 730765383) - 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

1970

Legal Domicile

Principal Officer

JERRY HOVARTER

Phone

4059488800

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS JATC, founded in 1970, is a small nonprofit that reported $566K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $667K exceeded revenue, resulting in a 18% operating deficit.

Mission

APPRENTICESHIP TRAINING

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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 $0

Program Service Revenue $479,852

Investment Income $11,570

Other Revenue $74,645

TOTAL REVENUE $566,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,991

Fundraising Expenses $0

Program Expenses $666,683

Other Expenses $353,692

TOTAL EXPENSES $666,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,067	$489,601	+0.2%
Expenses	$666,683	$559,519	+0.2%
Net Income	$-100,616	$-69,918	+0.4%

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

$120,478

Total Directors

$120,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY HOVARTER	TRUSTEE	1.00	Director	$0	$0	$0
JUERGEN DANIEL	TRUSTEE	1.00	Director	$0	$0	$0
MIKE WATSON	TRUSTEE/CHAIRMAN	2.00	Officer Director	$0	$0	$0
JIM BROWN	TRUSTEE/RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
LEON REAVES	TRUSTEE	1.00	Director	$0	$0	$0
LON FETT	TRUSTEE	1.00	Director	$0	$0	$0
JAIME HICKMAN	TRAINING COORDINATOR	40.00	Officer Director	$80,794	$39,684	$120,478

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	No data	No data	No data	No data
2023	$566,067	$666,683	$1,253,875	$-100,616
2022	$489,601	$559,519	$1,345,446	$-69,918
2021	$411,622	$493,876	$1,449,781	$-82,254
2020	$413,650	$464,687	$1,532,035	$-51,037
2019	$461,379	$516,755	$1,583,072	$-55,376
2018	$402,226	$495,679	$1,638,448	$-93,453

SHEET METAL WORKERS JATC