SHEET METAL WORKERS LOCAL 40 LABOR MANGAGEMENT COOPERATION FUND (EIN 066468874) - 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

1998

Legal Domicile

Principal Officer

BOB BUTLER

Phone

8605292616

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS LOCAL 40 LABOR MANGAGEMENT COOPERATION FUND, founded in 1998, is a small nonprofit in the Employment sector that reported $542K in total revenue in fiscal year 2024. The organization ran a surplus of $203K, a strong 37% operating margin.

Mission

THE ORGANIZATION PROMOTES JOINT LABOR MANAGEMENT ACTIVITIES IN SUPPORT OF OBTAINING WORK FOR SIGNATORY CONTRACTORS AND UNION MEMBERS.

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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 $439,937

Investment Income $101,862

Other Revenue $0

TOTAL REVENUE $541,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $46,886

TOTAL EXPENSES $339,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$541,799	$538,403	+0.0%
Expenses	$339,176	$1,328,586	-0.7%
Net Income	$202,623	$-790,183	-1.3%

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

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 THOMPSON	TRUSTEE	2.00	Director	$0	$0	$0
BOB BUTLER	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	$541,799	$339,176	$2,342,065	$202,623
2023	$538,403	$1,328,586	$2,138,007	$-790,183
2022	$414,486	$391,633	$2,928,190	$22,853
2021	$519,014	$351,118	$2,905,337	$167,896
2020	$484,271	$291,445	$2,732,016	$192,826
2019	$611,170	$459,968	$2,535,172	$151,202
2018	$628,398	$352,011	$2,245,202	$276,387

SHEET METAL WORKERS LOCAL 40 LABOR MANGAGEMENT COOPERATION FUND