SHEET METAL WORKERS LOCAL 18 EL & W LOCAL TRAINING FUND (EIN 391232364) - 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

1984

Legal Domicile

Principal Officer

CRAIG WAGNER

Phone

2627179567

Tax Period

2024-06-01 to 2025-05-31

SHEET METAL WORKERS LOCAL 18 EL & W LOCAL TRAINING FUND, founded in 1984, is a small nonprofit in the Education sector that reported $728K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $184K, a strong 25% operating margin.

Mission

TO PURSUE EXCELLENCE IN KNOWLEDGE AND SKILLS TO BE A SUCCESSFUL SHEET METAL JOURNEYMAN.

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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 $681,115

Investment Income $14,860

Other Revenue $31,962

TOTAL REVENUE $727,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,681

Fundraising Expenses $0

Program Expenses $419,134

Other Expenses $181,182

TOTAL EXPENSES $543,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$727,937	$638,689	+0.1%
Expenses	$543,863	$592,477	-0.1%
Net Income	$184,074	$46,212	+3.0%

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

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

$1,818

Total Directors

$1,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG WAGNER	CO-CHAIRMAN	1.00	Officer Director	$1,818	$0	$1,818
TONY WELKE	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
GAIL GERHARDT END 42525	TRUSTEE	1.00	Director	$0	$0	$0
LANCE STRANDBERG	TRUSTEE	1.00	Director	$0	$0	$0
JIM VITORT	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BEN HERBERT START 121924	TRUSTEE	1.00	Director	$0	$0	$0
ANDY GOETZ START 42525	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
2025	$727,937	$543,863	$1,124,776	$184,074
2024	$638,689	$592,477	$946,808	$46,212
2023	$568,855	$492,498	$894,168	$76,357
2022	$530,608	$465,147	$821,274	$65,461
2021	$451,683	$434,210	$761,717	$17,473
2020	$441,127	$319,543	$748,671	$121,584
2019	$245,614	$216,118	$604,409	$29,496
2018	$209,444	$156,259	$648,120	$53,185

SHEET METAL WORKERS LOCAL 18 EL & W LOCAL TRAINING FUND