SOUTHEASTERN SHEETMETAL JOINT APPRENTICESHIP TRAINING FUND

EIN: 391287506 501(c)(3)

RACINE, WI

Total Revenue
$224,360
Total Expenses
$121,774
Total Assets
$503,223
Net Assets
$500,195
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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
1977
Legal Domicile
WI
Phone
2626327005
Tax Period
2023-01-01 to 2023-12-31

SOUTHEASTERN SHEETMETAL JOINT APPRENTICESHIP TRAINING FUND, founded in 1977, is a small nonprofit that reported $224K in total revenue in fiscal year 2023. The organization ran a surplus of $103K, a strong 46% operating margin.

Mission

PROVIDE TRAINING PROGRAMS IN SHEETMETAL TRADES AND RELATED OCCUPATIONS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $219,208
Investment Income $0
Other Revenue $5,152
TOTAL REVENUE $224,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,568
Fundraising Expenses $0
Program Expenses $60,887
Other Expenses $92,206
TOTAL EXPENSES $121,774

Year-over-Year Comparison

2023 2022 Change
Revenue $224,360 N/A N/A
Expenses $121,774 N/A N/A
Net Income $102,586 N/A N/A
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

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Governance

Voting Members
6
Independent Members
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE HAMMOND Trustee 1.00
Director
$0 $0 $0
BRANDON QUINN Trustee 1.00
Director
$0 $0 $0
ROBERT JOSSART Trustee 1.00
Director
$0 $0 $0
JIM SYTSMA Chairman 1.00
Director
$0 $0 $0
MICHAEL THOMAS Secretary/Treas 1.00
Director
$0 $0 $0
BRETT CADMAN Chairman 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 $224,360 $121,774 $503,223 $102,586
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