SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL NO22 (EIN 222409275) - 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

1932

Legal Domicile

Principal Officer

JASON ROONEY

Phone

9089311798

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL NO22, founded in 1932, is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $998K, a strong 34% operating margin.

Mission

TO ORGANIZE AND PROVIDE LABOR THROUGH COLLECTIVE BARGAINING AGREEMENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,528,933

Program Service Revenue $0

Investment Income $278,798

Other Revenue $121,483

TOTAL REVENUE $2,929,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $840,172

Fundraising Expenses $0

Other Expenses $1,091,342

TOTAL EXPENSES $1,931,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,929,214	$3,310,104	-0.1%
Expenses	$1,931,514	$1,932,823	0.0%
Net Income	$997,700	$1,377,281	-0.3%

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

$938,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY OSTERMAN	TRUSTEE	1.00	Officer	$489	$0	$489
DAVID CASTNER	FORMER MARKETING REP	40.00	Officer	$99,922	$51,191	$151,113
RICHARD KING	RECORDING SECRETARY	1.00	Officer	$3,658	$0	$3,658
CHARLES GALLAHER	TRUSTEE	10.00	Officer	$489	$0	$489
ALEX ANGELES	WARDEN	1.00	Officer	$1,031	$0	$1,031
ALAN PAK	VICE PRESIDENT	10.00	Officer	$1,196	$0	$1,196
WILLIAM BUCHANAN	EXECUTIVE BOARD	10.00	Officer	$1,304	$0	$1,304
JAMES O'REILLY	PRESIDENT/BUSINESS MANAGER	40.00	Officer	$177,602	$98,780	$276,382
KEVIN CHRISTENSON	EXECUTIVE BOARD	1.00	Officer	$1,304	$0	$1,304
DANIEL BARRY	TRUSTEE	1.00	Officer	$489	$0	$489
CHRISTOPHER TANGO	EXECUTIVE BOARD	1.00	Officer	$1,304	$0	$1,304
JOE MUTI	EXECUTIVE BOARD	10.00	Officer	$0	$68,952	$228,470
STEPHEN POKO	EXECUTIVE BOARD	1.00	Officer	$1,304	$0	$1,304
PAUL STELLJES	CONDUCTOR	1.00	Officer	$1,385	$0	$1,385
JASON ROONEY	BUS REP/FST	40.00	Officer	$170,717	$97,610	$268,327

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	$2,929,214	$1,931,514	$8,880,079	$997,700
2022	$3,310,104	$1,932,823	$7,276,292	$1,377,281
2021	$2,536,885	$1,619,029	$6,687,818	$917,856
2020	$2,683,468	$1,597,658	$5,117,256	$1,085,810
2019	$2,518,145	$1,577,479	$3,794,680	$940,666
2018	$1,924,954	$1,293,485	$2,434,825	$631,469

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL NO22