SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL NO 22 EDUCATION FUND (EIN 221976682) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

JAMES O'REILLY

Phone

9082986030

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL NO 22 EDUCATION FUND, founded in 1972, is a small nonprofit in the Employment sector that reported $789K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $380K, a strong 48% operating margin.

Mission

SHEET METAL WORKERS LOCAL NO. 22 EDUCATION FUND PROVIDES EDUCATION AND TRAINING FOR SHEET METAL APPRENTICES. THIS EDUCATION AND TRAINING ENABLES EACH APPRENTICE TO LEARN THE SKILLS REQUIRED IN THE INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,422

Program Service Revenue $634,814

Investment Income $41,877

Other Revenue $111,300

TOTAL REVENUE $789,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,772

Fundraising Expenses $0

Other Expenses $215,709

TOTAL EXPENSES $409,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$789,413	$712,623	+0.1%
Expenses	$409,481	$438,566	-0.1%
Net Income	$379,932	$274,057	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$820,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES O'REILLY	UNION TRUSTEE	1.00	Director	$0	$98,780	$276,382
JASON ROONEY	UNION TRUSTEE	1.00	Director	$0	$97,610	$268,327
ANDREW NOVAK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GREGG WHEATLEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHARLES BEELITZ	PROGRAM COORDINATOR	40.00	Director	$45,391	$0	$45,391
JOSEPH MUTI	FINANCIAL SECRETARY	5.00	Director	$1,862	$68,952	$230,332

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	$789,413	$409,481	$2,719,466	$379,932
2022	$712,623	$438,566	$2,319,176	$274,057
2021	$681,607	$412,365	$2,077,727	$269,242
2020	$759,327	$360,710	$1,822,090	$398,617
2019	$575,862	$421,243	$1,417,408	$154,619
2018	$552,721	$375,242	$1,253,173	$177,479

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL NO 22 EDUCATION FUND