CONSOLIDATED APPRENTICESHIP TRNING… - 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

1993

Legal Domicile

Principal Officer

SAME AS ABOVE

Phone

6517796264

Tax Period

2024-08-01 to 2025-07-31

CONSOLIDATED APPRENTICESHIP TRNING OF SHEET METAL WORKERS LOCAL 10, founded in 1993, is a small nonprofit that reported $466K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 29% operating margin.

Mission

TO PROVIDE TRAINING FOR JOURNEYMEN, APPRENTICES AND OTHERS WORKING IN THE SHEET METAL WORKERS PROFESSION

Program Service Accomplishments

Program 1

Expenses: $332,829

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

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. THERE WERE 110 STUDENTS ENROLLED AT JULY 31, 2025.

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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 $18,585

Program Service Revenue $413,161

Investment Income $90

Other Revenue $34,362

TOTAL REVENUE $466,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,066

Fundraising Expenses $0

Program Expenses $332,829

Other Expenses $227,763

TOTAL EXPENSES $332,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$466,198	$376,079	+0.2%
Expenses	$332,829	$314,303	+0.1%
Net Income	$133,369	$61,776	+1.2%

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

$561

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY MEINHARDT	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER JONES	TRUSTEE	4.00	Director	$0	$0	$0
JASON DAMMAN	TRUSTEE	2.00	Director	$0	$0	$0
JASON HANSON	TRUSTEE	4.00	Director	$0	$0	$0
JOHN QUARNSTROM	TRUSTEE	6.00	Officer Director	$0	$0	$0
KEITH RADKE	TRUSTEE	6.00	Director	$414	$0	$414
KRIS AASMUNDSTAD	TRUSTEE	6.00	Director	$147	$0	$147
MATT FAIRBANKS	TRUSTEE	6.00	Officer Director	$0	$0	$0
MITCH GRANER	TRUSTEE	2.00	Director	$0	$0	$0
STEVE FRADET	TRUSTEE	2.00	Director	$0	$0	$0
TRAVIS MOWBRAY	TRUSTEE	4.00	Director	$0	$0	$0
TROY SALONEN	TRUSTEE	2.00	Director	$0	$0	$0
RASHID KADIR	TRUSTEE	2.00	Director	$0	$0	$0
ROB DEWIT	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW MYERS	TRUSTEE	2.00	Director	$0	$0	$0
TOM MUNICH	TRUSTEE	2.00	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	$466,198	$332,829	$998,047	$133,369
2024	$376,079	$314,303	$872,578	$61,776
2023	$335,639	$336,894	$690,830	$-1,255
2022	$285,601	$298,209	$485,843	$-12,608
2021	$240,522	$203,254	$498,451	$37,268
2020	$230,134	$189,279	$461,183	$40,855

CONSOLIDATED APPRENTICESHIP TRNING OF SHEET METAL WORKERS LOCAL 10