SHEET METAL TRAINING FUND

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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

1969

Legal Domicile

Principal Officer

ROB POSTMA

Phone

5032571022

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL TRAINING FUND, founded in 1969, is a community nonprofit in the Employment sector that reported $3.0M in total revenue in fiscal year 2023. Net assets of $7.8M represent 31 months of operating reserves.

Mission

OUR MISSION IS TO BE THE LEADER IN THE RECRUITMENT, EDUCATION & TRAINING OF SKILLED CRAFTSPEOPLE IN THE SHEET METAL INDUSTRY. OUR VISION IS TO BE THE GATEWAY TO A HIGH PAYING & MEANINGFUL CAREER IN THE SHEET METAL INDUSTRY THAT ENRICHES YOU, YOUR FAMILY, & YOUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,317,952 Revenue: $2,854,925

SMTF OFFERS UNMATCHED TRAINING IN THE SHEET METAL INDUSTRY. OUR DEDICATED TEAM PROVIDES THE HIGHEST LEVEL OF TRAINING TO ENSURE OUR APPRENTICES AND JOURNEYPERSONS ENJOY SUCCESSFUL CAREERS WHILE...

SMTF OFFERS UNMATCHED TRAINING IN THE SHEET METAL INDUSTRY. OUR DEDICATED TEAM PROVIDES THE HIGHEST LEVEL OF TRAINING TO ENSURE OUR APPRENTICES AND JOURNEYPERSONS ENJOY SUCCESSFUL CAREERS WHILE OFFERING OUR CONTRACTORS THE BEST TRAINED WORKFORCE IN THE INDUSTRY. OUR FACILITIES ARE STATE-OF-THE-ART, BUT LIKE ANY GREAT ORGANIZATION, OUR GREATEST ASSET IS OUR PEOPLE. OUR FULL-TIME STAFF HAS MORE THAN 200 YEARS OF SHEET METAL EXPERIENCE AND 40 YEARS OF TEACHING EXPERIENCE.OUR AREAS OF INSTRUCTION INCLUDE HVAC, ARCHITECTURAL AND INDUSTRIAL SHEET METAL, AND SERVICE. OUR UNION SHEET METAL APPRENTICESHIP WAS ESTABLISHED OVER 100 YEARS AGO. THE MODERN APPRENTICESHIP TRAINING AS WE KNOW IT TODAY HAS BEEN IN PLACE SINCE 1973. WE MOVED INTO OUR CURRENT PORTLAND CAMPUS IN 1995. TO BETTER SERVE CENTRAL AND SOUTHERN OREGON, WE OPENED OUR SECOND CAMPUS IN SPRINGFIELD IN 2011. OVER 300 APPRENTICES ARE ENROLLED IN OUR 5-YEAR PROGRAM AT ANY GIVEN TIME. EACH YEAR, WE "TURN OUT OR GRADUATE AN AVERAGE OF 75 APPRENTICES. THROUGH HARD WORK AND DEDICATION, APPRENTICES EARN THEIR JOURNEY CARD AND OFFICIALLY BECOME JOURNEYPERSONS.

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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 $27,000

Program Service Revenue $2,773,815

Investment Income $27,662

Other Revenue $177,182

TOTAL REVENUE $3,005,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,923,361

Fundraising Expenses $0

Program Expenses $2,317,952

Other Expenses $1,103,564

TOTAL EXPENSES $3,026,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,005,659	$3,006,247	0.0%
Expenses	$3,026,925	$2,810,219	+0.1%
Net Income	$-21,266	$196,028	-1.1%

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

$177,165

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT POSTMA	EXECUTIVE ADMINISTRATOR OF TRAINING	40.00	Officer	$128,796	$48,369	$177,165
BEN WOOD	TRAINING COORDINATOR	40.00	Highest	$121,014	$48,369	$169,383
PAUL CULP	INSTRUCTOR	40.00	Highest	$119,105	$48,979	$168,084
HUY THOMPSON	INSTRUCTOR	40.00	Highest	$116,528	$48,202	$164,730
TODD STEVENS	INSTRUCTOR	40.00	Highest	$116,096	$48,430	$164,526
RICHARD DOTY	INSTRUCTOR	40.00	Highest	$115,754	$48,369	$164,123
CHRIS SCHNEIDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN NOBLE	SECRETARY	1.00	Officer Director	$0	$0	$0
VANESSA STEWARD	TRUSTEE	1.00	Director	$0	$0	$0
GORDON HARVEY	TRUSTEE	1.00	Director	$0	$0	$0
GREG SAUER	TRUSTEE	1.00	Director	$0	$0	$0
JOSH MCCLAUGHRY	TRUSTEE	1.00	Director	$0	$0	$0
DUSTIN HYSMITH	TRUSTEE	1.00	Director	$0	$0	$0
JAMES SLATER	TRUSTEE	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	No data	No data	No data	No data
2023	$3,005,659	$3,026,925	$8,071,570	$-21,266
2022	$3,006,247	$2,810,219	$7,675,025	$196,028
2021	$3,175,021	$2,524,914	$7,800,547	$650,107
2020	$2,662,357	$2,292,141	$7,172,847	$370,216
2019	$2,813,858	$2,424,344	$6,494,882	$389,514
2018	$2,777,653	$1,958,676	$6,006,615	$818,977