SHEET METAL WORKERS CRAFT TRAINING (EIN 132622315) - 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

1978

Legal Domicile

Principal Officer

MICHAEL COLOMBO

Phone

9142786868

Tax Period

2023-07-01 to 2024-06-30

SHEET METAL WORKERS CRAFT TRAINING, founded in 1978, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $326K, a strong 24% operating margin.

Mission

TRAINING FOR SHEET METAL WORKERS LOCAL UNION 38

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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 $1,312,337

Investment Income $0

Other Revenue $69,842

TOTAL REVENUE $1,382,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,982

Fundraising Expenses $0

Program Expenses $479,472

Other Expenses $522,331

TOTAL EXPENSES $1,056,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,382,179	$1,372,866	+0.0%
Expenses	$1,056,313	$1,091,876	0.0%
Net Income	$325,866	$280,990	+0.2%

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

Volunteers

987

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

$745,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COLOMBO	CHAIRMAN - T	10.00	Director	$0	$14,892	$149,713
JOHN MALASPINA	TRUSTEE	10.00	Director	$0	$13,493	$149,193
JAMES NESTER	ALTERNATE TR	10.00	Director	$0	$13,493	$149,193
THOMAS PICHECO	ALTERNATE TR	10.00	Director	$0	$13,493	$149,193
ERIC HOFBAUER	TRUSTEE	10.00	Director	$0	$12,493	$148,193
JAMES D'ANNIBALE	TRUSTEE	10.00	Director	$0	$0	$0
LOU DORO	TRUSTEE	10.00	Director	$0	$0	$0
DAN HARDEN	ALTERNATE TR	10.00	Director	$0	$0	$0
LOU RUPERTO	TRUSTEE	10.00	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	No data	No data	No data	No data
2024	$1,382,179	$1,056,313	$2,710,949	$325,866
2023	$1,372,866	$1,091,876	$2,648,037	$280,990
2022	$1,197,381	$1,162,138	$2,711,099	$35,243
2021	$1,300,336	$1,074,558	$2,996,120	$225,778
2020	$1,333,899	$1,166,613	$3,166,523	$167,286
2019	$1,505,266	$1,221,852	$3,227,038	$283,414
2018	$1,489,511	$1,260,022	$3,232,911	$229,489

SHEET METAL WORKERS CRAFT TRAINING