MILWAUKEE AREA SHEET METAL JOURNEYMEN AND APPRENTICESHIP TRAINING TRUST

EIN: 396256792 501(c)(3) Education

WAUKESHA, WI

Total Revenue
$2,769,377
Total Expenses
$1,080,780
Total Assets
$6,193,226
Net Assets
$5,909,312
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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
WI
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

TRAINING AND EDUCATIONAL ASSISTANCE FOR APPRENTICES AND JOURNEYMEN SHEET METAL WORKERS.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
8
Volunteers
10

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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
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
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