Employment
(J22)
990 on File
STEAMFITTERS LOCAL UNION NO 449 JOINT APPRENTICESHIP & TRAINING
Financial strength (30%)
78/100
Reliability (20%)
40/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$6.8M
Total Revenue
$7.2M
Total Expenses
$23.5M
Net Assets
53
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
97.2%
Fundraising Efficiency
N/A
Operating Reserve
39.15x
Liability-to-Asset
0.0%
Revenue Diversification
57.9%
Compared with Peers
FY 2024
Compared with 810 similar organizations
(United States, Employment, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.2% | 84.6% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.8% | 13.5% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
39.2 mo | 10.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 14.9% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
57.9% | 92.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
16.5% | 8.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-6.3% | 8.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-5.4% | 3.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $6.8M | $7.2M | $23.5M | 97.2% | 53 |
| 2023 | $5.9M | $7.7M | $23.5M | 97.5% | 56 |
| 2022 | $8.4M | $7.5M | $24.3M | 96.2% | 59 |
| 2021 | $16.3M | $6.0M | $25.9M | 100.0% | 54 |
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