SHEET METAL WORKERS LOCAL UNION NO28 LABOR MANAGEMENT COMMITTEE AND TRUST

EIN: 133230745

BROOKLYN, NY

Total Revenue
$5,452,701
Total Expenses
$7,939,335
Total Assets
$2,361,108
Net Assets
$1,716,496
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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
1984
Legal Domicile
NY
Principal Officer
THOMAS REGAN
Phone
7186942500
Tax Period
2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL UNION NO28 LABOR MANAGEMENT COMMITTEE AND TRUST, founded in 1984, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $7.9M exceeded revenue, resulting in a 46% operating deficit.

Mission

TO IMPROVE COMMUNICATIONS BETWEEN LABOR & MANAGEMENT

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,380,597
Investment Income $72,104
Other Revenue $0
TOTAL REVENUE $5,452,701

Expense Breakdown

Grants Paid $66,150
Salaries & Benefits $430,401
Fundraising Expenses $0
Other Expenses $7,442,784
TOTAL EXPENSES $7,939,335

Year-over-Year Comparison

2023 2022 Change
Revenue $5,452,701 $5,825,353 -0.1%
Expenses $7,939,335 $6,962,981 +0.1%
Net Income $-2,486,634 $-1,137,628 +1.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
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
1
$259,232
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS REGAN ADMINISTRATOR 40.00
Officer
$152,342 $106,890 $259,232
MILDRED ORTIZ-TORRES STAFF 40.00
Highest
$136,240 $12,000 $148,240
ERIC MESLIN TRUSTEE 1.00
Director
$0 $0 $0
MARVIN TAVAREZ TRUSTEE 1.00
Director
$0 $0 $0
ROBERT ROTOLO TRUSTEE 1.00
Director
$0 $0 $0
JAMES CALLAHAN TRUSTEE 1.00
Director
$0 $0 $0
BRIAN NIGRO TRUSTEE 1.00
Director
$0 $0 $0
VICTOR GANY TRUSTEE 1.00
Director
$0 $0 $0
THOMAS D'ANGELO TRUSTEE 1.00
Director
$0 $0 $0
STEVEN BENKOVSKY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL DIGUISSEPPE TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CUNNEY 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 No data No data No data No data
2023 $5,452,701 $7,939,335 $2,361,108 $-2,486,634
2022 $5,825,353 $6,962,981 $4,239,911 $-1,137,628
2022 $5,710,262 $6,942,692 $4,234,791 $-1,232,430
2021 $6,070,840 $6,120,502 $5,487,105 $-49,662
2020 $6,211,580 $5,038,203 $5,560,846 $1,173,377
2019 $7,506,324 $5,671,777 $4,537,192 $1,834,547
2018 $6,663,432 $6,319,595 $2,527,144 $343,837
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