SHEET METAL INDUSTRY LABOR MANAGEMENT COOPERATION FUND

EIN: 020650735 Employment

CHANTILLY, VA

Total Revenue
$2,088,932
Total Expenses
$2,180,972
Total Assets
$888,701
Net Assets
$862,751
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Principal Officer
JASON WATSON
Phone
7038032980
Tax Period
2024-01-01 to 2024-12-31

SHEET METAL INDUSTRY LABOR MANAGEMENT COOPERATION FUND, founded in 2003, is a small nonprofit in the Employment sector that reported $769K in total revenue in fiscal year 2018. Revenue surged 140% from the prior year, signaling strong growth momentum. Expenses of $990K exceeded revenue, resulting in a 29% operating deficit.

Mission

SHEET METAL INDUSTRY LABOR MANAGEMENT COOPERATION FUND WAS CHARTERED IN 2003 UNDER THE LAWS OF VIRGINIA AS A NON-STOCK, NONPROFIT ORGANIZATION FOR THE PURPOSE OF PROMOTING THE SHEET METAL ORGANIZATION INDUSTRY.PLEASE REFER TO THE BY-LAWS FOR A COMPLETE MISSION STATEMENT AND DESCRIPTION OF THE ORGANIZATION'S PURPOSE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,704,404
Program Service Revenue $0
Investment Income $0
Other Revenue $384,528
TOTAL REVENUE $2,088,932

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,162,634
Other Expenses $2,180,972
TOTAL EXPENSES $2,180,972

Year-over-Year Comparison

2024 2023 Change
Revenue $2,088,932 $1,330,000 +0.6%
Expenses $2,180,972 $650,725 +2.4%
Net Income $-92,040 $679,275 -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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH SELLERS JR CO-CHAIRMAN (P) 2.00
Director
$0 $0 $0
JOE POWELL TRUSTEE (P) 2.00
Director
$0 $0 $0
JASON WATSON CHAIRMAN 2.00
Director
$0 $0 $0
DONNA SILVERMAN TRUSTEE (P) 2.00
Director
$0 $0 $0
ANGIE SIMON TRUSTEE (P) 2.00
Director
$0 $0 $0
ALBERT LABELLA TRUSTEE (P) 2.00
Director
$0 $0 $0
AARON HILGER CEO 2.00
Director
$0 $0 $0
MIKE COLEMAN TRUSTEE 2.00
Director
$0 $0 $0
TOM WIANT TRUSTEE 2.00
Director
$0 $0 $0
JOHN DANIEL TRUSTEE 2.00
Director
$0 $0 $0
TOM MARTIN TRUSTEE 2.00
Director
$0 $0 $0
TODD HILL TRUSTEE 2.00
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 $2,088,932 $2,180,972 $888,701 $-92,040
2023 $1,330,000 $650,725 $1,313,117 $679,275
2022 $1,698,400 $1,963,072 $327,135 $-264,672
2021 $800,000 $572,937 $912,819 $227,063
2020 $1,153,600 $1,406,113 $313,147 $-252,513
2019 $420,000 $444,263 $858,768 $-24,263
2018 $768,510 $990,448 $589,901 $-221,938
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