SOUTHEASTERN WA & NORTHEASTERN OR SHEET METAL TRAINING TRUST (EIN 911003838) - 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

Principal Officer

ANDREW S COOK

Phone

5095458340

Tax Period

2023-07-01 to 2024-06-30

SOUTHEASTERN WA & NORTHEASTERN OR SHEET METAL TRAINING TRUST, founded in 1976, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $680K, a strong 28% operating margin.

Mission

TRAINING PROGRAMS FOR APPRENTICE AND JOURNEYMEN SHEET METAL WORKERS.

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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 $86,420

Program Service Revenue $2,283,223

Investment Income $32,482

Other Revenue $64,734

TOTAL REVENUE $2,466,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $990,422

Fundraising Expenses $0

Other Expenses $796,909

TOTAL EXPENSES $1,787,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,466,859	$2,147,850	+0.1%
Expenses	$1,787,331	$1,631,047	+0.1%
Net Income	$679,528	$516,803	+0.3%

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
ANDREW S COOK	APP COORDINATOR	40.00		$125,043	$61,172	$186,215
KEVIN A HAYES	TRAIN COORDINAT	40.00		$116,436	$50,168	$166,604
BRENNDEN R BAIE	TRAIN COORDINAT	40.00		$115,486	$50,168	$165,654
ALFRED N DRAKE	TRAIN COORDINAT	40.00		$97,774	$45,980	$143,754
CHRISTOPHER S LAWRENCE	TRAIN COORDINAT	40.00		$58,221	$25,084	$83,305
SEAN VANPELT	Trustee	2.00	Director	$0	$0	$0
ANDY BRASHER	TRUSTEE	2.00	Director	$0	$0	$0
JIM BISHOP JR	Trustee	2.00	Director	$0	$0	$0
DANIEL BENDEWALD	Trustee	2.00	Director	$0	$0	$0
ROBERT LEMOS	Alt Trustee	2.00	Director	$0	$0	$0
PAT ROBERTS	ALT TRUSTEE	2.00	Director	$0	$0	$0
RICK MARSH	Chairman	5.00	Officer	$0	$0	$0
JEFF MERCER	SECRETARY	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$2,466,859	$1,787,331	$3,845,641	$679,528
2023	$2,147,850	$1,631,047	$3,166,113	$516,803
2022	$1,890,096	$1,435,134	$2,701,150	$454,962
2021	$1,236,563	$1,157,019	$2,336,979	$79,544

SOUTHEASTERN WA & NORTHEASTERN OR SHEET METAL TRAINING TRUST