CENTRAL IOWA SHEET METAL TRAINING FUND (EIN 237218292) - 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

1972

Legal Domicile

Principal Officer

ANDY BREDESON

Phone

5152627421

Tax Period

2023-01-01 to 2023-12-31

CENTRAL IOWA SHEET METAL TRAINING FUND, founded in 1972, is a small nonprofit that reported $764K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $271K, a strong 35% operating margin.

Mission

TRAINING AND EDUCATION OF EMPLOYER MEMBERS OF THE CENTRAL IOWA CHAPTER OF THE IOWA ASSOCIATION OF SHEET METAL CONTRACTORS. IT IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN.

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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 $113,083

Program Service Revenue $613,235

Investment Income $16,467

Other Revenue $21,600

TOTAL REVENUE $764,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,320

Fundraising Expenses $0

Other Expenses $200,985

TOTAL EXPENSES $493,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$764,385	$639,396	+0.2%
Expenses	$493,305	$486,193	+0.0%
Net Income	$271,080	$153,203	+0.8%

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

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

$157,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY FERRISS	TRAINING DIR	42.00	Officer	$103,457	$54,262	$157,719
ANDY BREDESON	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON DUFF	TRUSTEE	1.00	Director	$0	$0	$0
MITCH GOLAY	TRUSTEE	1.00	Director	$0	$0	$0
DAN HAMPTON	TRUSTEE	1.00	Director	$0	$0	$0
JON QUIJANO	TRUSTEE	1.00	Director	$0	$0	$0
TOM WENGERT	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	$764,385	$493,305	$2,059,048	$271,080
2022	$639,396	$486,193	$1,794,164	$153,203
2021	$537,994	$426,159	$1,635,082	$111,835
2020	$553,926	$401,959	$1,523,634	$151,967
2019	$488,400	$398,471	$1,371,009	$89,929
2018	$512,216	$387,773	$1,281,527	$124,443

CENTRAL IOWA SHEET METAL TRAINING FUND