MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST

EIN: 391415341 501(c)(3) Employment

WAUKESHA, WI

Total Revenue
$1,566,204
Total Expenses
$1,422,705
Total Assets
$3,474,963
Net Assets
$1,927,187
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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
WI
Principal Officer
BRIAN NEUMAIER
Phone
8887199567
Tax Period
2024-08-01 to 2025-07-31

MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST, founded in 1981, is a community nonprofit in the Employment sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 9% surplus.

Mission

MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST PROVIDES EDUCATIONAL PROGRAMS AND TRAINING FOR APPRENTICES AND JOURNEYMEN IN MADISON, WI AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1
Expenses: $1,312,769 Revenue: $1,484,151

MADISON AREA SHEET METAL WORKERS EDUCATIONAL TRUST PROVIDED EDUCATIONAL PROGRAMS AND TRAINING FOR APPRENTICES AND JOURNEYMEN SHEET METAL WORKERS DURING THE YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,722
Program Service Revenue $1,455,774
Investment Income $18,634
Other Revenue $35,074
TOTAL REVENUE $1,566,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $760,582
Fundraising Expenses $0
Program Expenses $1,312,769
Other Expenses $662,123
TOTAL EXPENSES $1,422,705

Year-over-Year Comparison

2024 2023 Change
Revenue $1,566,204 $1,524,042 +0.0%
Expenses $1,422,705 $1,291,065 +0.1%
Net Income $143,499 $232,977 -0.4%
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
4
Independent Members
3
Employees
18
Volunteers
3

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
2
$93,976
Total Directors
4
$106,986
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY HUNTER TRUSTEE 1.00
Director
$13,010 $0 $13,010
BRAD WERLEIN CO-CHAIR 1.00
Officer Director
$0 $0 $0
MARCUS NELSON TRUSTEE 1.00
Director
$0 $0 $0
BRIAN NEUMAIER CO-CHAIR 1.00
Officer Director
$61,609 $32,367 $93,976
SCOTT HINZ TRAINING COORDINATOR 40.00
Highest
$120,305 $64,735 $185,040
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 $1,566,204 $1,422,705 $3,474,963 $143,499
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
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