SMACNA NORTHERN ILLINOIS AND SHEET METAL WORKERS LOCAL 219 TRAINING FUND (EIN 362942015) - 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

1976

Legal Domicile

Principal Officer

JOSEPH COOK

Phone

5633456450

Tax Period

2024-09-01 to 2025-08-31

SMACNA NORTHERN ILLINOIS AND SHEET METAL WORKERS LOCAL 219 TRAINING FUND, founded in 1976, is a small nonprofit in the Employment sector that reported $253K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE FOR THE SUPPORT, MAINTENANCE AND ADMINISTRATION OF THE PROGRAM FOR THE TRAINING OF APPRENTICES AND JOURNEYMEN WITHIN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $156,406

Program Service Revenue $973,103

Investment Income $15,289

Other Revenue $3,288

TOTAL REVENUE $1,148,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,654

Fundraising Expenses $0

Other Expenses $531,048

TOTAL EXPENSES $1,061,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,148,086	$935,039	+0.2%
Expenses	$1,061,702	$762,870	+0.4%
Net Income	$86,384	$172,169	-0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH COOK	CHAIRMAN	2.00	Director	$0	$0	$0
TODD BYXBE	SECRETARY	2.00	Director	$0	$0	$0
NATHAN MARTINEZ	LABOR TRUSTEE	1.00	Director	$0	$0	$0
DUANE ZOVITOWSKI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVID COFFMAN	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JASON BERGER	EMPLOYER TRUSTEE - PAST	1.00	Director	$0	$0	$0
MIKE SMITH	EMPLOYER TRUSTEE - NEW	1.00	Director	$0	$0	$0
DEB SULLIVAN	ADMINISTRATOR	8.00	Officer	$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	$1,148,086	$1,061,702	$1,292,849	$86,384
2024	$935,039	$762,870	$1,207,160	$172,169
2023	$902,786	$535,504	$1,003,902	$367,282
2022	$630,790	$405,697	$633,955	$225,093
2021	$483,780	$342,660	$478,996	$141,120
2020	$295,433	$244,018	$262,451	$51,415
2019	$253,490	$268,878	$208,265	$-15,388

SMACNA NORTHERN ILLINOIS AND SHEET METAL WORKERS LOCAL 219 TRAINING FUND