SHEETMETAL WORKERS TRAINING FUND

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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

1964

Legal Domicile

Principal Officer

RYAN LOEFFERS

Phone

8088416106

Tax Period

2024-02-01 to 2025-01-31

SHEETMETAL WORKERS TRAINING FUND, founded in 1964, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 56% operating margin.

Mission

TO PROVIDE TRAINING BENEFITS TO EMPLOYEES WHO SATISFY THE ELIGIBILITY REQUIREMENTS FOR BENEFITS.

Program Service Accomplishments

Program 1

APPRENTICESHIP TRAINING PROGRAM COORDINATE AND CONDUCT THE SHEET METAL APPRENTICESHIP PROGRAM.

Program 2

INSTRUCTORS TRAINING PROGRAM COORDINATE AND CONDUCT TRAINING PROGRAMS FOR INSTRUCTIONS FOR OTHER SHEET METAL TRAINING PROGRAMS.

Program 3

SAFETY TRAINING PROGRAM COORDINATE AND CONDUCT FIRST AID CLASSES.

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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 $1,291,765

Investment Income $722,768

Other Revenue $150

TOTAL REVENUE $2,014,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,686

Fundraising Expenses $0

Other Expenses $597,496

TOTAL EXPENSES $896,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,014,683	$2,728,306	-0.3%
Expenses	$896,182	$737,625	+0.2%
Net Income	$1,118,501	$1,990,681	-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

Total Directors

Key Employees

$226,073

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN LOEFFERS	ADMINISTRATOR	7.5	Key Emp	$0	$49,768	$226,073
BURTON TAKAFUJI	TRAINING COORDINATOR	37.5	Highest	$150,444	$41,152	$191,596
ARTHUR TOLENTINO	CO-CHAIR	1.0	Director	$0	$0	$0
RICK PAULINO	TRUSTEE	1.0	Director	$0	$0	$0
JEANINE LUM	TRUSTEE	1.0	Director	$0	$0	$0
MARC RIFKIND	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN HIRAYAMA	CO-CHAIR	1.0	Director	$0	$0	$0
SAMUEL FUJIKAWA	TRUSTEE	1.0	Director	$0	$0	$0
PAUL SAITO	TRUSTEE	1.0	Director	$0	$0	$0
ALDON KAOPUIKI	ALTERNATE	1.0	Director	$0	$0	$0
SKYE MATSUMOTO	ALTERNATE	1.0	Director	$0	$0	$0
SEE SCHED O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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	$2,014,683	$896,182	$10,380,031	$1,118,501
2024	$2,728,306	$737,625	$9,190,429	$1,990,681
2023	$1,581,758	$641,540	$7,959,955	$940,218
2022	$1,300,797	$885,045	$7,155,693	$415,752
2021	$1,682,633	$623,030	$6,691,598	$1,059,603
2020	$1,524,005	$638,266	$5,963,370	$885,739