COLORADO SHEET METAL WORKERS TRAIN… - 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

1962

Legal Domicile

Principal Officer

NATHAN COOPER

Phone

7208550305

Tax Period

2023-07-01 to 2024-06-30

COLORADO SHEET METAL WORKERS TRAINING FUND, founded in 1962, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $641K, a strong 19% operating margin.

Mission

SHEET METAL WORKER APPRENTICESHIP FUND

Program Service Accomplishments

Program 1

Expenses: $1,920,941 Revenue: $3,267,638

TO PROVIDE AND MAINTAIN TRAINING AND RETRAINING PROGRAMS FOR WORKERS IN THE SHEET METAL INDUSTRY AND TO DEVELOP AND DISTRIBUTE TRAINING MATERIAL. MORE SPECIFICALLY, TO DEVELOP A COMPREHENSIVE...

TO PROVIDE AND MAINTAIN TRAINING AND RETRAINING PROGRAMS FOR WORKERS IN THE SHEET METAL INDUSTRY AND TO DEVELOP AND DISTRIBUTE TRAINING MATERIAL. MORE SPECIFICALLY, TO DEVELOP A COMPREHENSIVE TRAINING PROGRAM FOR PARTICIPANTS AND THROUGH TRAINING, THE FUND WILL UPGRADE THE GENERAL QUALITY OF WORKMANSHIP IN THE SHEET METAL INDUSTRY IN THE STATE OF COLORADO.

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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 $0

Program Service Revenue $3,267,638

Investment Income $41,281

Other Revenue $32,352

TOTAL REVENUE $3,341,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,467,960

Fundraising Expenses $0

Program Expenses $1,920,941

Other Expenses $1,232,207

TOTAL EXPENSES $2,700,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,341,271	$3,517,400	-0.1%
Expenses	$2,700,167	$2,901,361	-0.1%
Net Income	$641,104	$616,039	+0.0%

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

$247,412

Total Directors

$134,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN COOPER	CHAIRMAN	0.50	Officer Director	$0	$0	$0
RANDY MITCHELL	RECORDING SECRETARY	0.50	Officer Director	$0	$0	$0
ERNIE TRICARICO	TRUSTEE	0.50	Director	$0	$0	$0
MIKE PARKER	TRUSTEE	0.50	Director	$0	$0	$0
ROSS SINGLETON	TRUSTEE	0.50	Director	$0	$0	$0
FELIX SILVA	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM CALLAHAN	TRUSTEE	0.50	Director	$0	$0	$0
JON ALVINO	VICE CHAIRMAN/TRUSTEE	0.50	Director	$0	$0	$0
DON PERKINS	TRUSTEE - NEW	0.50	Director	$0	$0	$0
ANTHONY GARCIA	TRUSTEE - NEW	0.50	Director	$0	$0	$0
LON COMSTOCK	TRUSTEE	0.50	Director	$0	$0	$0
BILL BENAVIDEZ	TRUSTEE-NEW/TRAINING DIRECTOR-PAST	40.00	Officer Director	$57,921	$29,515	$87,436
REED AUSMUS	TRUSTEE-PAST/TRAINING COORDINATOR-NEW	40.00	Director	$30,572	$16,511	$47,083
ANDREW GILLILAND	TRAINING DIRECTOR-NEW/TRAINING COORDINATOR-PAST	40.00	Officer	$104,614	$55,362	$159,976

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	No data	No data	No data	No data
2024	$3,341,271	$2,700,167	$4,763,004	$641,104
2023	$3,517,400	$2,901,361	$4,178,805	$616,039
2022	$2,770,104	$2,524,652	$3,601,324	$245,452
2021	$2,832,590	$2,431,317	$3,285,590	$401,273
2020	$2,576,225	$2,359,950	$3,284,228	$216,275
2019	$2,065,829	$2,118,701	$2,812,440	$-52,872
2018	$2,278,892	$2,205,788	$2,998,165	$73,104

COLORADO SHEET METAL WORKERS TRAINING FUND