MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST (EIN 391415341) - 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

1981

Legal Domicile

Principal Officer

BRIAN NEUMAIER

Phone

8887199567

Tax Period

2023-08-01 to 2024-07-31

MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST, founded in 1981, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $233K, a strong 15% operating margin.

Mission

PROVIDE EDUCATIONAL PROGRAMS FOR APPRENTICES AND JOURNEYMEN IN MADISON AND THE SURROUNDING AREA.

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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 $47,500

Program Service Revenue $1,461,294

Investment Income $8,245

Other Revenue $7,003

TOTAL REVENUE $1,524,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $535,856

Fundraising Expenses $0

Program Expenses $1,120,754

Other Expenses $755,209

TOTAL EXPENSES $1,291,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,524,042	$1,307,649	+0.2%
Expenses	$1,291,065	$1,172,533	+0.1%
Net Income	$232,977	$135,116	+0.7%

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

$176,305

Total Directors

$190,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY HUNTER	TRUSTEE	1.00	Director	$14,513	$0	$14,513
BRAD WERLEIN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT BARTZ	CO-CHAIR (THRU 7/1/24)	1.00	Officer Director	$0	$0	$0
MARCUS NELSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN NEUMAIER	INST.(THRU 7/1/24)/CO-CHAIR(BEG 7/1/24)	40.00	Officer Director	$111,420	$64,885	$176,305
SCOTT HINZ	TRAINING COORDINATOR	40.00	Highest	$118,420	$64,885	$183,305

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	$1,524,042	$1,291,065	$3,461,350	$232,977
2023	$1,307,649	$1,172,533	$3,383,394	$135,116
2022	$1,022,787	$1,045,208	$3,379,495	$-22,421
2021	$988,507	$898,199	$3,529,965	$90,308
2020	$969,920	$858,884	$3,589,611	$111,036
2019	$1,080,450	$629,164	$2,416,621	$451,286
2018	$726,663	$447,892	$900,418	$278,771

MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST