SHEET METAL WORKERS UNION TRAINING FUND OF NORTH CAROLINA (EIN 591760049) - 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

1970

Legal Domicile

Principal Officer

MATTHEW MOORE

Phone

8656892928

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS UNION TRAINING FUND OF NORTH CAROLINA, founded in 1970, is a small nonprofit that reported $706K in total revenue in fiscal year 2024. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $535K, a strong 76% operating margin.

Mission

TO TRAIN APPRENTICES IN SHEET METAL CRAFTMANSHIP

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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 $691,902

Investment Income $8,424

Other Revenue $5,354

TOTAL REVENUE $705,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,142

Fundraising Expenses $0

Program Expenses $156,207

Other Expenses $100,569

TOTAL EXPENSES $170,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$705,680	$236,794	+2.0%
Expenses	$170,711	$127,045	+0.3%
Net Income	$534,969	$109,749	+3.9%

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
STEVE SMITH	CHAIR	40.00	Director	$0	$0	$0
JOSHUA PHELPS	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD SMITH	TRUSTEE	2.00	Director	$0	$0	$0
BILLY BLANK	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTIAN FULLER	SECRETARY	40.00	Director	$0	$0	$0
STEVEN RUGER	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW MOORE	COORDINATOR	10.00	Officer 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	$705,680	$170,711	$1,222,757	$534,969
2023	$236,794	$127,045	$685,354	$109,749
2022	$150,046	$92,219	$574,655	$57,827
2021	$136,556	$99,699	$375,297	$36,857
2020	$121,687	$74,938	$337,043	$46,749

SHEET METAL WORKERS UNION TRAINING FUND OF NORTH CAROLINA