CENTRAL MN AREA SHEET METAL JOINT APPRENTICESHIP & TRAINING (EIN 411411228) - 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

2006

Legal Domicile

Principal Officer

MATT MCDOWALL

Phone

3202932458

Tax Period

2024-01-01 to 2024-12-31

CENTRAL MN AREA SHEET METAL JOINT APPRENTICESHIP & TRAINING, founded in 2006, is a small nonprofit in the Education sector that reported $294K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

APPRENTICE TRAINING

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $289,748

Investment Income $3,091

Other Revenue $1,350

TOTAL REVENUE $294,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,396

Fundraising Expenses $0

Program Expenses $204,415

Other Expenses $158,718

TOTAL EXPENSES $286,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,189	$347,489	-0.2%
Expenses	$286,114	$295,844	0.0%
Net Income	$8,075	$51,645	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE CHILDS	MANAGEMENT - TRUSTEE	1.00	Director	$0	$0	$0
TROY BLAIS	LABOR	1.00	Director	$0	$0	$0
JOHN POGANSKI	MANAGEMENT	1.00	Director	$0	$0	$0
JOE LYON	MANAGEMENT - TRUSTEE	1.00	Director	$0	$0	$0
JOHN QUARNSTROM	MANAGEMENT - ALT	1.00	Director	$0	$0	$0
JUSTIN MERTENS	LABOR	1.00	Director	$0	$0	$0
STACY SPENCER	APPRENTICE COORDINATOR	6.00	Director	$0	$0	$0
MATT FAIRBANKS	LABOR - ALT	1.00	Director	$0	$0	$0
CORY MOLITOR	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ISAAC LAUDENBACH	LABOR & FIN. SEC./TREAS.	4.00	Officer	$0	$0	$0
MATT MCDOWALL	MANAGEMENT - CHAIRMAN	1.00	Officer	$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	$294,189	$286,114	$830,548	$8,075
2023	$347,489	$295,844	$842,363	$51,645
2022	$292,986	$305,356	$798,768	$-12,370
2021	$252,287	$256,536	$830,456	$-4,249
2020	$248,261	$179,681	$844,256	$68,580
2019	$270,729	$183,180	$484,762	$87,549
2018	$247,132	$194,248	$451,857	$52,884

CENTRAL MN AREA SHEET METAL JOINT APPRENTICESHIP & TRAINING