SHEET METAL WORKERS INTERNATIONAL … - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

MICHAEL P MORAN

Phone

3154724411

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 58, founded in 2004, is a small nonprofit in the Employment sector that reported $772K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO ORGANIZE WORKERS AND RECEIVE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER EMPLOYEE ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

Expenses: $752,070

TO ORGANIZE WORKERS AND RECEIVE IMPROVED WAGES, HOURS, WORKING CONDITIONS, AND OTHER EMPLOYEE ADVANTAGES THROUGH ORGANIZATION, NEGOTIATIONS AND COLLECTIVE BARGAINING.

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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 $754,250

Investment Income $15,757

Other Revenue $1,660

TOTAL REVENUE $771,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,799

Fundraising Expenses $0

Program Expenses $752,070

Other Expenses $283,633

TOTAL EXPENSES $829,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$771,667	$839,103	-0.1%
Expenses	$829,432	$878,428	-0.1%
Net Income	$-57,765	$-39,325	+0.5%

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

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

$502,948

Total Directors

$7,057

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER SCOTT	EXECUTIVE BOARD	5.00	Director	$602	$0	$602
EDWARD GREEAN JR	EXECUTIVE BOARD	5.00	Director	$629	$0	$629
CHARLES SOULIER	EXECUTIVE BOARD	5.00	Director	$563	$0	$563
BRIAN WICHERT	TRUSTEE	5.00	Director	$325	$0	$325
MATTHEW BUZA	TRUSTEE	5.00	Director	$325	$0	$325
CRAIG AVERY	EXECUTIVE BOARD	5.00	Director	$602	$0	$602
RICHARD KORTE	EXECUTIVE BOARD	5.00	Director	$629	$0	$629
MICHAEL DIBERARDINO	EXECUTIVE BOARD	5.00	Director	$1,555	$0	$1,555
MARK LIQUORI	EXECUTIVE BOARD	5.00	Director	$595	$0	$595
FREDERICK HAAG	TRUSTEE	5.00	Director	$324	$0	$324
GEORGE PEER	TRUSTEE	5.00	Director	$325	$0	$325
JASON FOIL	EXECUTIVE BOARD	5.00	Director	$583	$0	$583
KEVIN CROSSETT	VICE PRESIDENT	5.00	Officer	$3,896	$0	$3,896
JEFFREY FOSTER	MARKETING REPRESENTATIVE	40.00	Officer	$108,853	$56,578	$165,431
MICHAEL MORAN	PRESIDENT/BUSINESS MANAGER	40.00	Officer	$111,238	$56,945	$168,183
MARK BUZA	FST/BUSINESS REPRESENTATIVE	40.00	Officer	$108,859	$56,579	$165,438
DAVID RENSHAW	RECORDING SECRETARY	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	$771,667	$829,432	$1,003,875	$-57,765
2023	$839,103	$878,428	$1,057,015	$-39,325
2022	$934,764	$777,184	$1,069,576	$157,580
2021	$988,701	$735,130	$970,029	$253,571
2020	$692,566	$692,454	$720,318	$112
2019	$699,993	$654,775	$747,319	$45,218
2018	$632,662	$586,834	$640,248	$45,828

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 58