SHEET METAL EMPLOYERS ASSOCISATION… - Form 990 Financial Data

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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

1999

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL EMPLOYERS ASSOCISATION OF WESTERN MI, founded in 1999, is a small nonprofit that reported $345K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $294K left a modest 15% surplus.

Mission

To provide training apprenticeship programs provided to employees of Sheet Metal Comapnies in Western are of Michigan

Program Service Accomplishments

Program 1

Expenses: $294,084

To provide training apprenticeship programs provided to employees of Sheet Metal Companies in Western area of Michigan.

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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 $341,588

Program Service Revenue $0

Investment Income $3,573

Other Revenue $0

TOTAL REVENUE $345,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,084

Other Expenses $294,084

TOTAL EXPENSES $294,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,161	$277,239	+0.2%
Expenses	$294,084	$237,702	+0.2%
Net Income	$51,077	$39,537	+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

N/A

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
James Holst	President	1.00	Director	$0	$0	$0
Jan Green	SecretaryTreasurer	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	$345,161	$294,084	$533,063	$51,077
2022	$277,239	$237,702	$481,986	$39,537
2021	$257,135	$218,849	$453,330	$38,286
2020	$217,791	$187,976	$415,044	$29,815
2019	$266,682	$219,376	$385,229	$47,306
2018	$250,797	$241,282	$337,923	$9,515

SHEET METAL EMPLOYERS ASSOCISATION OF WESTERN MI