SEATTLE AREA ROOFERS APPRENTICESHIP TRUST (EIN 916221201) - 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

1975

Legal Domicile

Principal Officer

GREGG GIBEAU

Phone

2067282777

Tax Period

2024-08-01 to 2025-07-31

SEATTLE AREA ROOFERS APPRENTICESHIP TRUST, founded in 1975, is a small nonprofit in the Employment sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $280K exceeded revenue, resulting in a 58% operating deficit.

Mission

THE TRUST PROVIDES FOR PRE-APPRENTICESHIP, APPRENTICESHIP, OR OTHER TRAINING PROGRAMS FOR THE ROOFING AND WATERPROOFING INDUSTRIES IN THE SEATTLE, WASHINGTON AREA.

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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 $165,029

Program Service Revenue $0

Investment Income $12,368

Other Revenue $223

TOTAL REVENUE $177,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,526

Fundraising Expenses $0

Other Expenses $127,330

TOTAL EXPENSES $279,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,620	$256,089	-0.3%
Expenses	$279,856	$258,927	+0.1%
Net Income	$-102,236	$-2,838	+35.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG GIBEAU	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HUBER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
EDDY RAMOS	TRUSTEE	1.00	Director	$0	$0	$0
ALBERTO TORRES	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE HURLEY	TRUSTEE	1.00	Director	$0	$0	$0
DUANE HUBERTY	N/A	40.00	Highest	$119,944	$35,523	$155,467

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	$177,620	$279,856	$435,362	$-102,236
2024	No data	No data	No data	No data
2023	$311,565	$201,213	$554,449	$110,352
2022	$276,922	$217,159	$445,204	$59,763
2021	$206,306	$270,694	$377,871	$-64,388
2020	$206,117	$175,773	$437,695	$30,344
2019	$226,695	$151,705	$410,308	$74,990
2018	$240,231	$207,171	$334,860	$33,060

SEATTLE AREA ROOFERS APPRENTICESHIP TRUST