MIDSTATE CONTRACTORS & SHEET METAL WORKERS LOCAL 218C - JAC (EIN 370985106) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

TOM STAFFELDT

Phone

2173563653

Tax Period

2023-01-01 to 2023-12-31

MIDSTATE CONTRACTORS & SHEET METAL WORKERS LOCAL 218C - JAC, founded in 1974, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $131K exceeded revenue, resulting in a 29% operating deficit.

Mission

INDUSTRY TRAINING OF SHEET METAL WORKERS OF LOCAL 218.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $100,263

Investment Income $1,330

Other Revenue $0

TOTAL REVENUE $101,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,304

Fundraising Expenses $0

Other Expenses $78,892

TOTAL EXPENSES $131,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,593	$109,790	-0.1%
Expenses	$131,196	$126,589	+0.0%
Net Income	$-29,603	$-16,799	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$6,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS RENNELS	TRUSTEE	3.00	Director	$0	$0	$0
MIKE ACKERMAN	TRUSTEE	3.00	Director	$0	$0	$0
TOM STAFFELDT	TRUSTEE	3.00	Director	$6,285	$0	$6,285
MATT ALTHAUS	TRUSTEE	3.00	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	$101,593	$131,196	$484,185	$-29,603
2022	$109,790	$126,589	$528,311	$-16,799
2021	$126,024	$140,864	$466,030	$-14,840
2020	$136,817	$124,045	$480,738	$12,772
2019	$115,653	$128,577	$468,239	$-12,924

MIDSTATE CONTRACTORS & SHEET METAL WORKERS LOCAL 218C - JAC