SHEET METAL WORKERS JATC

EIN: 730765383

OKLAHOMA CITY, OK

Total Revenue
$566,067
Total Expenses
$666,683
Total Assets
$1,253,875
Net Assets
$1,253,875
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
OK
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

THE JAC OF WESTERN OKLAHOMA SHEET METAL APPRENTICESHIP AND TRAINING PROGRAM IS DEDICATED TO EXCELLENCE IN VOCATIONAL SHEET METAL TRAINING FOR THE UNIONIZED SHEET METAL INDUSTRY. IN ORDER TO PROVIDE A QUALIFIED WORKFORCE FOR OUR CONTRACTORS AND MEET THE CHANGING NEEDS OF THE SHEET METAL INDUSTRY WE STRIVE TO PROVIDE THE BEST POSSIBLE EDUCATION TO ALL MOTIVATED INDIVIDUALS WHO HAVE CHOSEN TO PURSUE A CAREER IN THE SHEET METAL INDUSTRY AND TO PROVIDE CONTINUING EDUCATION FOR JOURNEYPERSONS ALREADY WORKING AT THE TRADE. TO ACCOMPLISH THIS GOAL WE EMPLOY THE BEST TRAINED AND QUALIFIED INSTRUCTORS AND UTILIZE THE LATEST RESOURCES AND TRAINING MATERIALS AVAILABLE.

Program Service Accomplishments

Program 1
Expenses: $666,683

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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
8
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
3
$120,478
Total Directors
7
$120,478
Key Employees
0
$0
Highest Compensated
0
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
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