SHEET METAL INDUSTRY PROMOTION FUND OF EASTERN MASSACHUSETTS (EIN 046172680) - 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

1966

Legal Domicile

Principal Officer

THOMAS S GUNNING

Phone

6174790220

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL INDUSTRY PROMOTION FUND OF EASTERN MASSACHUSETTS, founded in 1966, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $403K, a strong 26% operating margin.

Mission

PROMOTE SHEET METAL INDUSTRY

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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 $0

Program Service Revenue $1,388,436

Investment Income $84,107

Other Revenue $96,957

TOTAL REVENUE $1,569,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,299,441

Other Expenses $1,166,142

TOTAL EXPENSES $1,166,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,569,500	$1,143,623	+0.4%
Expenses	$1,166,142	$1,015,829	+0.1%
Net Income	$403,358	$127,794	+2.2%

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
BARRY DWYER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JON DESMOND	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN GILL JR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS S GUNNING	EXECUTIVE DIRECTOR	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
2024	No data	No data	No data	No data
2023	$1,569,500	$1,166,142	$2,449,066	$403,358
2022	$1,143,623	$1,015,829	$2,123,856	$127,794
2021	$940,898	$696,034	$1,640,953	$244,864
2020	$815,032	$557,002	$1,431,968	$258,030
2019	$1,099,376	$863,231	$1,223,013	$236,145
2018	$913,672	$874,832	$953,286	$38,840

SHEET METAL INDUSTRY PROMOTION FUND OF EASTERN MASSACHUSETTS