SHEET METAL WORKERS' LOCAL 218(S) APPRENTICE TRAINING AND DEVELOPMENT FUND (EIN 376085175) - 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

1968

Legal Domicile

Principal Officer

RICH MANKA

Phone

2175290161

Tax Period

2024-06-01 to 2025-05-31

SHEET METAL WORKERS' LOCAL 218(S) APPRENTICE TRAINING AND DEVELOPMENT FUND, founded in 1968, is a small nonprofit that reported $259K in total revenue in fiscal year 2024. The organization ran a surplus of $54K, a strong 21% operating margin.

Mission

TO PROVIDE TRAINING FOR MEMBERS OF LOCAL 218S.

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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 $0

Program Service Revenue $225,091

Investment Income $17,139

Other Revenue $16,800

TOTAL REVENUE $259,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,866

Fundraising Expenses $0

Program Expenses $137,894

Other Expenses $108,401

TOTAL EXPENSES $205,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,030	$250,892	+0.0%
Expenses	$205,267	$176,946	+0.2%
Net Income	$53,763	$73,946	-0.3%

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

$51,277

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
joe kulek	TRUSTEE	3.00	Director	$0	$0	$0
rich manka	TRUSTEE	3.00	Director	$0	$0	$0
kevin parker	former trustee	3.00	Director	$17,775	$0	$17,775
mitch noll	former trustee	3.00	Director	$11,289	$0	$11,289
kyle gehrs	former trustee	3.00	Director	$15,135	$0	$15,135
james richbark	TRUSTEE	3.00	Director	$0	$0	$0
mark brock	TRUSTEE	3.00	Director	$0	$0	$0
william mccready	TRUSTEE	3.00	Director	$7,078	$0	$7,078
andrea patterson	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
2025	$259,030	$205,267	$734,055	$53,763
2024	$250,892	$176,946	$681,198	$73,946
2023	$201,042	$185,278	$612,399	$15,764
2022	$168,923	$174,050	$597,413	$-5,127
2021	$176,492	$166,112	$613,428	$10,380

SHEET METAL WORKERS' LOCAL 218(S) APPRENTICE TRAINING AND DEVELOPMENT FUND