SHEET METAL CONTRACTORS AND LOCAL NO 71 JAC EDUCATION AND TRAINING FUND (EIN 237063000) - 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

1969

Legal Domicile

Principal Officer

MICHAEL NELSON

Phone

7168358836

Tax Period

2024-06-01 to 2025-05-31

SHEET METAL CONTRACTORS AND LOCAL NO 71 JAC EDUCATION AND TRAINING FUND, founded in 1969, is a small nonprofit that reported $494K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 26% operating margin.

Mission

TO PROVIDE TRAINING AND RETRAINING PROGRAMS AND EDUCATIONAL PROGRAMS FOR ELIGIBLE SHEET METAL WORKER APPRENTICES AND JOURNEYMEN.

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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 $56,742

Program Service Revenue $402,906

Investment Income $3,558

Other Revenue $30,824

TOTAL REVENUE $494,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,056

Fundraising Expenses $0

Other Expenses $254,447

TOTAL EXPENSES $367,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$494,030	$311,818	+0.6%
Expenses	$367,503	$317,198	+0.2%
Net Income	$126,527	$-5,380	-24.5%

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

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

$33,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BENES	TRUSTEE	1.00	Director	$0	$0	$0
MIKE NELSON	TRUSTEE	1.00	Director	$0	$0	$0
JACK DAFGARD	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW BAGLEY	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY MERTZ	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW NOWAK	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN SCHEDLBAUER	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY BENNER	COORDINATOR	9.23	Officer	$33,991	$0	$33,991

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	$494,030	$367,503	$878,836	$126,527
2024	$311,818	$317,198	$754,652	$-5,380
2023	$289,681	$328,940	$358,872	$-39,259
2022	$284,288	$286,515	$416,411	$-2,227
2021	$253,454	$271,199	$475,733	$-17,745
2020	$265,737	$259,957	$399,942	$5,780
2019	$267,580	$280,753	$400,028	$-13,173

SHEET METAL CONTRACTORS AND LOCAL NO 71 JAC EDUCATION AND TRAINING FUND