METROPOLITAN SHEET METAL JOURNEYMAN AND APPRENTICE TRAINING TRUST FUND

EIN: 411515215 501(c)(3) Education

WHITE BEAR LAKE, MN

Total Revenue
$2,074,188
Total Expenses
$1,872,576
Total Assets
$7,048,140
Net Assets
$6,548,927
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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
1995
Legal Domicile
MN
Principal Officer
MATTHEW FAIRBANKS
Phone
6517796264
Tax Period
2025-01-01 to 2025-12-31

METROPOLITAN SHEET METAL JOURNEYMAN AND APPRENTICE TRAINING TRUST FUND, founded in 1995, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2025. Expenses of $1.9M left a modest 10% surplus.

Mission

TO PROVIDE TRAINING FOR JOURNEYMAN, APPPRENTICES, AND OTHERS WORKING IN THE SHEET METAL WORKERS PROFESSION.

Program Service Accomplishments

Program 1
Expenses: $1,475,426 Revenue: $1,973,334

TO FORMULATE AN APPRENTICESHIP PROGRAM FOR THE TRAINING AND EDUCATION OF APPRENTICES, INCLUDING ALL NECESSARY RULES AND REGULATIONS GOVERNING THE ELIGIBILITY, REGISTRATION, EDUCATION, TRANSFER...

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TO FORMULATE AN APPRENTICESHIP PROGRAM FOR THE TRAINING AND EDUCATION OF APPRENTICES, INCLUDING ALL NECESSARY RULES AND REGULATIONS GOVERNING THE ELIGIBILITY, REGISTRATION, EDUCATION, TRANSFER, WAGES, HOURS AND WORKING CONDITIONS OF APPRENTICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,966,803
Investment Income $100,854
Other Revenue $6,531
TOTAL REVENUE $2,074,188

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,165,103
Fundraising Expenses $0
Program Expenses $1,475,426
Other Expenses $707,473
TOTAL EXPENSES $1,872,576

Year-over-Year Comparison

2025 2024 Change
Revenue $2,074,188 $2,150,632 0.0%
Expenses $1,872,576 $1,667,854 +0.1%
Net Income $201,612 $482,778 -0.6%
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
27
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
3
$187,051
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MCGRATH TRUSTEE 2.00
Director
$0 $0 $0
ERIC OLSON TRUSTEE 2.00
Director
$0 $0 $0
JOHN QUARNSTROM TRUSTEE, SECRETARY 2.00
Officer Director
$0 $0 $0
DAVE VOGEL TRUSTEE 2.00
Director
$0 $0 $0
JASON DAMMAN TRUSTEE 2.00
Director
$0 $0 $0
MATT FAIRBANKS TRUSTEE, CHAIRMAN 2.00
Officer Director
$0 $0 $0
MIKE GIBBONS TRUSTEE 2.00
Director
$0 $0 $0
BRAD KATH TRUSTEE 2.00
Director
$0 $0 $0
BEN SEMLAK TRUSTEE 2.00
Director
$0 $0 $0
CASEY MEINHARDT TRUSTEE 2.00
Director
$0 $0 $0
CORY NELSON TRAINING COORDINATOR 55.00
Officer
$126,263 $60,788 $187,051
DONOVEN CHASE INSTRUCTOR 55.00
Highest
$127,154 $66,195 $193,349
RICHARD VENTRELLI INSTRUCTOR 55.00
Highest
$124,431 $64,733 $189,164
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 $2,074,188 $1,872,576 $7,048,140 $201,612
2024 $2,150,632 $1,667,854 $7,109,337 $482,778
2023 $2,009,342 $1,680,533 $6,704,194 $328,809
2022 $1,899,247 $1,693,238 $6,518,542 $206,009
2021 $2,218,234 $1,869,061 $6,587,628 $349,173
2020 $1,775,880 $1,556,970 $6,855,146 $218,910
2019 $1,893,192 $1,906,122 $5,631,020 $-12,930
2018 $1,820,557 $1,888,792 $5,537,033 $-68,235
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