SHEET METAL #10 SAFE PLAN (EIN 030482434) - 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

2002

Legal Domicile

Principal Officer

MATT FAIRBANKS

Phone

6517700991

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL #10 SAFE PLAN, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 51% operating margin.

Mission

TO PROVIDE BENEFITS DURING FINANCIAL EMERGENCIES.

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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 $2,410,423

Investment Income $3,818,708

Other Revenue $0

TOTAL REVENUE $6,229,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $423,590

TOTAL EXPENSES $3,083,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,229,131	$4,171,992	+0.5%
Expenses	$3,083,152	$3,029,179	+0.0%
Net Income	$3,145,979	$1,142,813	+1.8%

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

N/A

Employees

N/A

Volunteers

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

$635,279

Total Directors

$1,527,495

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT FAIRBANKS	TRUSTEE- CHAIRMAN	1.00	Officer Director	$0	$129,608	$308,791
JASON DAMMAN	TRUSTEE	1.00	Director	$0	$110,718	$262,110
DAVE HOLZER	TRUSTEE	1.00	Director	$0	$103,999	$241,293
ISAAC LAUDENBACH	TRUSTEE	1.00	Director	$0	$101,559	$238,336
JOHN QUARNSTROM	TRUSTEE- SECRETARY	1.00	Officer Director	$0	$41,067	$326,488
PATRICK WELTY	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN GIESEKE	TRUSTEE	1.00	Director	$0	$0	$0
JOSH STEINMETZ	TRUSTEE- ALTERNATE	1.00	Director	$0	$0	$0
CASEY MEINHARDT	TRUSTEE	1.00	Director	$0	$22,279	$150,477

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	$6,229,131	$3,083,152	$22,870,942	$3,145,979
2024	No data	No data	No data	No data
2023	$2,818,668	$3,116,457	$19,977,489	$-297,789
2022	$3,355,955	$2,733,958	$19,473,114	$621,997
2021	$3,089,926	$3,584,628	$21,688,246	$-494,702
2020	$3,317,870	$2,426,025	$19,760,378	$891,845
2019	$3,348,206	$2,767,240	$20,088,035	$580,966
2018	$4,628,619	$2,177,973	$19,213,114	$2,450,646

SHEET METAL #10 SAFE PLAN