SHEET METAL WORKERS LOCAL 58 EDUCATION & APPRENTICE TRAINING FUND (EIN 166105880) - 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

1970

Legal Domicile

Principal Officer

MICHAEL P MORAN

Phone

3154724411

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL 58 EDUCATION & APPRENTICE TRAINING FUND, founded in 1970, is a small nonprofit that reported $300K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $58K, a strong 19% operating margin.

Mission

TO PROVIDE TRAINING AND EDUCATION TO ADVANCE SKILLS IN THE SHEET METAL TRADE.

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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 $300,319

Investment Income $0

Other Revenue $62

TOTAL REVENUE $300,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,115

Fundraising Expenses $0

Program Expenses $169,681

Other Expenses $192,360

TOTAL EXPENSES $242,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,381	$325,824	-0.1%
Expenses	$242,475	$227,543	+0.1%
Net Income	$57,906	$98,281	-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

$330,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY CASTRELLO	TRUSTEE	1.00	Director	$0	$56,270	$162,797
MICHAEL MORAN	TRUSTEE	1.00	Director	$0	$55,872	$160,059
STEVE PERRY	TRUSTEE	1.00	Director	$0	$0	$0
PAUL PICCIANO	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS S TESTONE	TRUSTEE	1.00	Director	$0	$0	$0
MARK BUZA	TRUSTEE	1.00	Director	$0	$0	$8,094
EARL HALL	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$300,381	$242,475	$472,877	$57,906
2022	$325,824	$227,543	$449,352	$98,281
2021	$372,733	$200,003	$347,108	$172,730
2020	$217,211	$191,969	$178,353	$25,242

SHEET METAL WORKERS LOCAL 58 EDUCATION & APPRENTICE TRAINING FUND