Sheet Metal Workers Intl Assoc Lu 38 (EIN 131739691) - 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

1924

Legal Domicile

Phone

8452786868

Tax Period

2024-01-01 to 2024-12-31

Sheet Metal Workers Intl Assoc Lu 38, founded in 1924, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 7% surplus.

Mission

Labor Union

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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 $2,811,359

Program Service Revenue $0

Investment Income $7,291

Other Revenue $255,533

TOTAL REVENUE $3,074,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,963,592

Fundraising Expenses $0

Other Expenses $887,644

TOTAL EXPENSES $2,851,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,074,183	$2,884,983	+0.1%
Expenses	$2,851,236	$2,744,649	+0.0%
Net Income	$222,947	$140,334	+0.6%

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

997

Independent Members

N/A

Employees

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

$427,768

Total Directors

$9,950

Key Employees

$548,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Keon	Recording Secretary	10.00	Officer	$3,050	$0	$152,247
Michael Colombo	President	40.00	Officer	$137,621	$0	$137,621
Thomas M Pichero	Business Agent	40.00	Key Emp	$137,600	$0	$137,600
John Malaspina	Business Agent	40.00	Key Emp	$137,500	$0	$137,500
James Nester	Business Agent	40.00	Key Emp	$137,200	$0	$137,200
Eric Hofbauer	Financial Secretary	40.00	Officer	$137,100	$0	$137,100
Eugene Barbieri IV	Organizer	40.00	Key Emp	$135,700	$0	$135,700
Edgar McKenna	E-Board	5.00	Director	$1,150	$0	$1,150
Edward Violino	Trustee	5.00	Director	$1,000	$0	$1,000
Steven Silvernail	E-Board	5.00	Director	$1,000	$0	$1,000
Robert Grella	E-Board	5.00	Director	$1,000	$0	$1,000
Victor Antonucci	E-Board	5.00	Director	$900	$0	$900
James Agosta	E-Board	5.00	Director	$900	$0	$900
John Gjokaj	E-Board	5.00	Director	$900	$0	$900
Angelo Diaz	E-Board	5.00	Director	$900	$0	$900
Jeffery Sutter	E-Board	5.00	Director	$800	$0	$800
William Romeo	E-Board	5.00	Director	$600	$0	$600
Kevin Kirk	Trustee	5.00		$600	$0	$600
Frank Perri	Trustee	5.00		$600	$0	$600
Devin Bailey	Warden	5.00		$600	$0	$600
Matthew Labarbere	Trustee	5.00	Director	$400	$0	$400
Peter Sudol	Trustee	5.00	Director	$400	$0	$400
Robert Hogue	Warden	5.00	Officer	$400	$0	$400
Paul McGuire	Conductor	5.00	Officer	$400	$0	$400

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	$3,074,183	$2,851,236	$2,005,899	$222,947
2023	$2,884,983	$2,744,649	$1,777,783	$140,334
2022	$2,843,777	$2,630,511	$1,324,728	$213,266
2021	$2,443,965	$2,449,981	$1,017,938	$-6,016
2020	$2,419,872	$2,424,147	$1,016,223	$-4,275
2019	$2,445,590	$2,624,477	$999,262	$-178,887
2018	$2,197,976	$2,515,805	$1,130,448	$-317,829

Sheet Metal Workers Intl Assoc Lu 38