LOCAL 263 CEDAR RAPIDS SHEET METAL WORKERS JOINT APPRENTICE COMMITTEE (EIN 510191312) - 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

1976

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

LOCAL 263 CEDAR RAPIDS SHEET METAL WORKERS JOINT APPRENTICE COMMITTEE, founded in 1976, is a small nonprofit in the Employment sector that reported $702K in total revenue in fiscal year 2023.

Mission

TO PROVIDE INDIVIDUALS WITH THE INSTRUCTION AND TRAINING THAT PROVIDES THEM WITH THE SHEETMETAL WORKING SKILLS TO JOIN THE WORK FORCE.

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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 $81,549

Program Service Revenue $606,859

Investment Income $10,511

Other Revenue $3,333

TOTAL REVENUE $702,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,900

Fundraising Expenses $0

Program Expenses $720,356

Other Expenses $314,456

TOTAL EXPENSES $720,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,252	$701,454	+0.0%
Expenses	$720,356	$698,185	+0.0%
Net Income	$-18,104	$3,269	-6.5%

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

$192,738

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MCCULLOUGH	PREV COORD.	48.00	Officer	$105,130	$0	$105,130
MATTHEW MUTERT	COORDINATOR	48.00	Officer	$87,608	$0	$87,608
MIKE PALUMBO	UNION MEMBER	1.00	Director	$0	$0	$0
RUSS JAEGER	BUS MANAGER	1.00	Officer Director	$0	$0	$0
TODD VLASEK	UNION MEMBER	1.00	Director	$0	$0	$0
TODD BELL	UNION MEMBER	1.00	Director	$0	$0	$0
SCOT GEISLER	CONTRACTOR MEMB	1.00	Director	$0	$0	$0
MARK DERYCKE	Chairman	1.00	Officer Director	$0	$0	$0
ERIK LEWIS	CONTRACTOR MEMB	1.00	Director	$0	$0	$0
ZEB ZARUBA	UNION MEMBER	1.00	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
2024	$702,252	$720,356	$1,247,240	$-18,104
2023	$701,454	$698,185	$1,265,224	$3,269
2022	$499,092	$603,584	$1,266,836	$-104,492
2021	$661,994	$477,039	$1,377,641	$184,955
2020	$373,471	$383,127	$1,205,801	$-9,656
2019	$399,637	$430,430	$1,201,914	$-30,793
2018	$366,304	$380,602	$1,228,621	$-14,298

LOCAL 263 CEDAR RAPIDS SHEET METAL WORKERS JOINT APPRENTICE COMMITTEE