SHEETMETAL LOCAL 10 TRAINING FUND (EIN 411472350) - 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

1940

Legal Domicile

Principal Officer

AARON MYHRE

Phone

5072726468

Tax Period

2023-07-01 to 2024-06-30

SHEETMETAL LOCAL 10 TRAINING FUND, founded in 1940, is a small nonprofit that reported $377K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $325K left a modest 14% surplus.

Mission

PROVIDE EDUCATION AND WORK EXPERIENCE THROUGH A TRAINING PROGRAM FOR APPRENTICES AND JOURNEYMEN IN THE PROGRAM FOR THE CURRENT 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $372,362

Investment Income $1,767

Other Revenue $3,000

TOTAL REVENUE $377,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,663

Fundraising Expenses $0

Program Expenses $214,320

Other Expenses $214,764

TOTAL EXPENSES $325,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,129	$349,008	+0.1%
Expenses	$325,427	$298,907	+0.1%
Net Income	$51,702	$50,101	+0.0%

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

276

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	Role	Reportable Comp	Other Comp	Total
AARON MYHRE	BUSINESS REP	Director	$0	$0	$0
JASON DAMMAN	LABOR TRUSTEE	Director	$0	$0	$0
TOM ERDING	LABOR TRUSTEE	Director	$0	$0	$0
MARCUS VITSE	LABOR TRUSTEE	Director	$0	$0	$0
ROXANNE STEWART	MGMT TRUSTEE	Director	$0	$0	$0
BLAKE PARSONS	MGMT TRUSTEE	Director	$0	$0	$0
TOM PLACHECKI	MGMT TRUSTEE	Director	$0	$0	$0
MATT FAIRBANKS	LABOR TRUSTEE	Director	$0	$0	$0
CHAD BESTOR	BOARD MEMBER	Director	$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
2025	No data	No data	No data	No data
2024	$377,129	$325,427	$1,900,965	$51,702
2023	$349,008	$298,907	$1,887,216	$50,101
2022	$299,737	$231,332	$1,874,250	$68,405
2021	$293,478	$134,831	$729,765	$158,647
2020	$277,164	$125,540	$571,485	$151,624
2019	$217,929	$139,888	$425,004	$78,041

SHEETMETAL LOCAL 10 TRAINING FUND