UTAH SHEET METAL EDUCATION & TRAINING TRUST (EIN 870306886) - 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

1945

Legal Domicile

Principal Officer

KEVIN JONES

Phone

8019722480

Tax Period

2024-05-01 to 2025-04-30

UTAH SHEET METAL EDUCATION & TRAINING TRUST, founded in 1945, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $952K left a modest 11% surplus.

Mission

THIS IS A COLLECTIVELY BARGAINED JOINTLY ADMINISTERED APPRENTICESHIP PROGRAM.

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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 $1,015,411

Investment Income $55,417

Other Revenue $65

TOTAL REVENUE $1,070,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $636,297

Fundraising Expenses $0

Program Expenses $795,032

Other Expenses $315,613

TOTAL EXPENSES $951,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,070,893	$940,525	+0.1%
Expenses	$951,910	$972,035	0.0%
Net Income	$118,983	$-31,510	-4.8%

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

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
KEVIN JONES	TRUSTEE	1.00	Director	$0	$0	$0
TONY ERICKSEN	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE MONTRONE	TRUSTEE	1.00	Director	$0	$0	$0
CODY LEAMASTER	TRUSTEE	1.00	Director	$0	$0	$0
BEN ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
BEAU JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
MATT BRUMBAUGH	FULL-TIME IN	40.00	Highest	$115,436	$0	$115,436
DEREK CHAPMAN	FULL-TIME IN	40.00	Highest	$111,335	$0	$111,335
GORDON HYDE	COORDINATOR	40.00	Highest	$119,842	$0	$119,842

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	$1,070,893	$951,910	$2,482,572	$118,983
2024	$940,525	$972,035	$2,310,479	$-31,510
2023	$739,477	$845,511	$2,326,205	$-106,034
2022	$751,340	$752,413	$2,449,703	$-1,073
2021	$640,725	$637,009	$2,480,081	$3,716
2020	$710,530	$605,688	$2,374,533	$104,842
2019	$636,999	$554,285	$2,364,949	$82,714

UTAH SHEET METAL EDUCATION & TRAINING TRUST