SHEET METAL INDUSTRY PROGRAM OF MADISON

EIN: 237070266 Community Improvement

MADISON, WI

Total Revenue
$204,693
Total Expenses
$206,874
Total Assets
$489,167
Net Assets
$423,813
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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
WI
Principal Officer
JEFF GAECKE
Phone
6082881414
Tax Period
2024-08-01 to 2025-07-31

SHEET METAL INDUSTRY PROGRAM OF MADISON, founded in 1970, is a small nonprofit in the Community Improvement sector that reported $205K in total revenue in fiscal year 2024. Net assets of $424K represent 25 months of operating reserves.

Mission

NONE

Program Service Accomplishments

Program 1

MEMBER ADVOCACY - PROVIDES RESEARCH, TRAINING, OUTREACH, AND PROMOTION TO ENHANCE THE SHEET METAL INDUSTRY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $204,693
Investment Income $0
Other Revenue $0
TOTAL REVENUE $204,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $206,874
TOTAL EXPENSES $206,874

Year-over-Year Comparison

2024 2023 Change
Revenue $204,693 $206,944 0.0%
Expenses $206,874 $286,755 -0.3%
Net Income $-2,181 $-79,811 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADY FARRELL CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRAD WERLEIN TREASURER 1.00
Officer Director
$0 $0 $0
MARCUS NELSON 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
2025 $204,693 $206,874 $489,167 $-2,181
2024 $206,944 $286,755 $588,098 $-79,811
2023 $189,877 $122,440 $525,775 $67,437
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