SHEET METAL WORKERS 54 APPRENTICESHIP FUND (EIN 760311334) - 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

1962

Legal Domicile

Principal Officer

EDDIE GONZALEZ

Phone

7138644594

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS 54 APPRENTICESHIP FUND, founded in 1962, is a small nonprofit that reported $430K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $544K exceeded revenue, resulting in a 27% operating deficit.

Mission

FUNDING HOUSTON AREA SHEET METAL JOINT APPRENTICESHIP COMMITTEE

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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 $392,448

Investment Income $23,159

Other Revenue $13,978

TOTAL REVENUE $429,585

Expense Breakdown

Grants Paid $471,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $543,942

Other Expenses $72,942

TOTAL EXPENSES $543,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,585	$347,364	+0.2%
Expenses	$543,942	$859,660	-0.4%
Net Income	$-114,357	$-512,296	-0.8%

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

N/A

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
EDDIE GONZALEZ	TRUSTEE	0.00	Officer 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	No data	No data	No data	No data
2023	$429,585	$543,942	$3,662,052	$-114,357
2022	$347,364	$540,370	$3,542,510	$-193,006
2021	$3,662,422	$694,447	$3,702,451	$2,967,975
2020	$380,339	$439,282	$803,004	$-58,943
2019	$407,211	$465,617	$859,917	$-58,406
2018	$388,688	$431,614	$915,585	$-42,926

SHEET METAL WORKERS 54 APPRENTICESHIP FUND