MILWAUKEE AREA SHEET METAL JOURNEY… - 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

1975

Legal Domicile

Principal Officer

STEUART WILSON

Phone

2627179567

Tax Period

2023-01-01 to 2023-12-31

MILWAUKEE AREA SHEET METAL JOURNEYMEN AND APPRENTICESHIP TRAINING TRUST, founded in 1975, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 61% operating margin.

Mission

THE COORDINATION OF TRAINING AND EDUCATIONAL ASSISTANCE FOR APPRENTICES AND JOURNEYMEN SHEET METAL WORKERS.

Program Service Accomplishments

Program 1

Expenses: $534,888 Revenue: $2,539,010

THE COORDINATION OF TRAINING AND EDUCATIONAL ASSISTANCE FOR APPRENTICE AND JOURNEYMEN SHEET METAL WORKERS.

Program 2

Expenses: $152,004 Revenue: $14,880

APPRENTICE SCHOOLING COST REIMBURSEMENTS TO ELIGIBLE CONTRIBUTING EMPLOYERS.

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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 $0

Program Service Revenue $2,553,890

Investment Income $215,487

Other Revenue $0

TOTAL REVENUE $2,769,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,312

Fundraising Expenses $0

Program Expenses $686,892

Other Expenses $695,468

TOTAL EXPENSES $1,080,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,769,377	$2,518,132	+0.1%
Expenses	$1,080,780	$934,918	+0.2%
Net Income	$1,688,597	$1,583,214	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH GROESCHEL JR	CO-CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEUART WILSON	CO-CHAIRMAN	2.00	Officer Director	$0	$0	$0
SCOTT KNOCKE	ALTERNATE TRUSTE	2.00	Director	$0	$0	$0
DOUG WEIS	TRUSTEE	2.00	Director	$0	$0	$0
JACK SCHIRPKE	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW LININGER	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL THOMAS	TRUSTEE	2.00	Director	$0	$0	$0
BRAD KALCIC	TRUSTEE	2.00	Director	$0	$0	$0
DON ATHAS	TRUSTEE (THRU 4/18/23)	2.00	Director	$0	$0	$0
DAJEN BOHACEK	ALTERNATE TRUSTEE (THRU 7/25/23)	2.00	Director	$0	$0	$0
JEAN MARIE THIEL	ALTERNATE TRUSTE (START 8/29/23)	2.00	Director	$0	$0	$0
JACOB OLSON	TRUSTEE (START 4/18/23)	2.00	Director	$0	$0	$0
JOSH FREHNER	COORDINATOR	40.00	Highest	$128,138	$58,349	$186,487

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	$2,769,377	$1,080,780	$6,193,226	$1,688,597
2022	$2,518,132	$934,918	$4,235,619	$1,583,214
2021	$2,158,226	$824,927	$3,131,770	$1,333,299
2020	$1,282,577	$853,583	$1,996,293	$428,994
2019	$1,004,664	$1,041,625	$1,555,217	$-36,961
2018	$787,277	$871,728	$1,592,742	$-84,451

MILWAUKEE AREA SHEET METAL JOURNEYMEN AND APPRENTICESHIP TRAINING TRUST