Michigan Sheet Metal Training and Apprenticeship (EIN 611620302) - 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

2010

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Michigan Sheet Metal Training and Apprenticeship, founded in 2010, is a small nonprofit in the Education sector that reported $872K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $843K left a modest 3% surplus.

Mission

Sheet Metal Apprenticeship Training - Class instructioins, providing equipment, supplies and facility for membership instructions.

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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 $869,000

Investment Income $133

Other Revenue $3,127

TOTAL REVENUE $872,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $637,498

Fundraising Expenses $0

Program Expenses $842,561

Other Expenses $205,063

TOTAL EXPENSES $842,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$872,260	$754,896	+0.2%
Expenses	$842,561	$773,677	+0.1%
Net Income	$29,699	$-18,781	-2.6%

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

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
Christopher Stockwell	PresidentTreasurer	1.00	Director	$0	$0	$0
Mike Adams	Trustee	1.00	Director	$0	$0	$0
Richard Cramer Jr	Trustee	1.00	Director	$0	$0	$0
Joseph Dotson	Trustee	1.00	Director	$0	$0	$0
Scott Brotherton	PresidentTreasurer	1.00	Director	$0	$0	$0
Andy Kanaar	Secretary	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	$872,260	$842,561	$187,369	$29,699
2023	$754,896	$773,677	$158,394	$-18,781
2022	$690,223	$695,312	$179,602	$-5,089
2021	$674,351	$685,832	$183,692	$-11,481
2020	$688,530	$626,879	$189,151	$61,651
2019	$564,238	$625,914	$125,117	$-61,676
2018	$572,343	$550,922	$180,742	$21,421

Michigan Sheet Metal Training and Apprenticeship