SHEET METAL AIR RAIL & TRANSPORTATION WORKERS LOCAL 63 LABOR MANAGEMENT COOPER (EIN 043408135) - 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

1997

Legal Domicile

Principal Officer

MICHAEL LAFLEUR

Phone

6178981301

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL AIR RAIL & TRANSPORTATION WORKERS LOCAL 63 LABOR MANAGEMENT COOPER, founded in 1997, is a small nonprofit in the Employment sector that reported $851K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $661K, a strong 78% operating margin.

Mission

THE FUND IDENTIFIES AND EXPANDS WORK OPPORTUNITIES FOR MEMBER SHEET METAL WORKERS AND EMPLOYERS IN MASSACHUSETTS AND VERMONT THROUGH FUNDING UNION BENEFIT COSTS FOR EMPLOYERS.

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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 $812,063

Investment Income $38,688

Other Revenue $0

TOTAL REVENUE $850,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,469

Other Expenses $4,805

TOTAL EXPENSES $189,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$850,751	$744,306	+0.1%
Expenses	$189,274	$419,718	-0.5%
Net Income	$661,477	$324,588	+1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LAFLEUR	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL KLEEBERG	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	$850,751	$189,274	$2,253,052	$661,477
2023	$744,306	$419,718	$1,591,575	$324,588
2022	$567,612	$353,199	$1,266,987	$214,413
2021	$461,602	$246,922	$1,052,574	$214,680
2020	$426,006	$282,482	$837,894	$143,524
2019	$403,710	$351,393	$694,370	$52,317
2018	$452,522	$333,864	$642,053	$118,658

SHEET METAL AIR RAIL & TRANSPORTATION WORKERS LOCAL 63 LABOR MANAGEMENT COOPER