LOCAL 46 SHEET METAL WORKERS' BUILDING CORP

EIN: 161225341

ROCHESTER, NY

Total Revenue
$266,551
Total Expenses
$263,193
Total Assets
$1,281,553
Net Assets
$1,274,653
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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
1982
Legal Domicile
NY
Principal Officer
ANTHONY VALENTI JR
Phone
5852549151
Tax Period
2024-12-01 to 2025-11-30

LOCAL 46 SHEET METAL WORKERS' BUILDING CORP, founded in 1982, is a small nonprofit that reported $267K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $1.3M represent 57 months of operating reserves.

Mission

TO PURCHASE, RENOVATE AND HOLD TITLE FOR REAL ESTATE OF THE SHEET METAL WORKERS UNION ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $186,140
Investment Income $0
Other Revenue $80,411
TOTAL REVENUE $266,551

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $263,193
TOTAL EXPENSES $263,193

Year-over-Year Comparison

2024 2023 Change
Revenue $266,551 $324,427 -0.2%
Expenses $263,193 $269,877 0.0%
Net Income $3,358 $54,550 -0.9%
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
7
Independent Members
7
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
7
$509,189
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY P VENTRESS PRESIDENT AS OF 7/17/2025 1.00
Officer Director
$0 $0 $0
JOSHUA D SOLT VICE PRESIDENT AS OF 7/17/2025 1.00
Officer Director
$0 $0 $0
MICHAEL C MCARDLE EXECUTIVE BOARD 1.00
Director
$0 $0 $0
SCOTT BAKER JR EXECUTIVE BOARD 1.00
Director
$0 $0 $0
KEVIN R KUELLING EXECUTIVE BOARD AS OF 7/17/2025 1.00
Director
$0 $0 $0
BRYON C POWELL EXECUTIVE BOARD UNTIL 7/17/2025 1.00
Director
$0 $0 $0
KYLE J KEIM RECORDING SECRETARY 1.00
Director
$0 $0 $0
JOSHUA D SOLT PRESIDENT UNTIL 7/17/2025 1.00
Officer Director
$0 $0 $0
TIMOTHY P VENTRESS VICE PRESIDENT UNTIL 7/17/2025 1.00
Officer Director
$0 $0 $0
ANTHONY VALENTI JR BUSINESS MANAGER/FST 1.00
Officer
$0 $114,444 $247,021
JONATHAN R PERNA BUSINESS AGENT 1.00
Officer
$0 $0 $0
TROY R MILNE BUSINESS MANAGER RETIRED 1/31/2 1.00
Officer
$0 $117,135 $262,168
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
2025 $266,551 $263,193 $1,281,553 $3,358
2024 $324,427 $269,877 $1,278,195 $54,550
2023 $473,415 $237,663 $1,241,553 $235,752
2022 $184,058 $202,845 $1,035,354 $-18,787
2021 $263,363 $196,211 $1,082,294 $67,152
2020 $203,057 $189,901 $1,043,460 $13,156
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