SHEET METAL WORKERS FUNDS SERVICE FACILITY INC (EIN 222746135) - 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

1985

Legal Domicile

Principal Officer

JOSEPH DEMARK JR

Phone

2015070330

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS FUNDS SERVICE FACILITY INC, founded in 1985, is a small nonprofit that reported $158K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $150K left a modest 6% surplus.

Mission

THE CORPORATION IS AUTHORIZED TO HOLD TITLE TO REAL PROPERTY, COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT, IF ANY, LESS EXPENSES, TO ORGANIZATIONS WHICH THEMSELVES ARE EXEMPT FROM TAX.

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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 $158,319

Investment Income $57

Other Revenue $0

TOTAL REVENUE $158,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,914

Fundraising Expenses $0

Other Expenses $142,602

TOTAL EXPENSES $149,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,376	$174,805	-0.1%
Expenses	$149,516	$173,262	-0.1%
Net Income	$8,860	$1,543	+4.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLEEN O' NEILL	Controller	0.00		$0	$81,012	$237,906
JOSEPH DEMARK JR	Trustee	5.00	Director	$0	$0	$0
CRAIG HOFFMANN	Trustee	5.00	Director	$0	$0	$0
ANTHONY COSTA	Trustee	5.00	Director	$0	$0	$0
GREG CONTE	Trustee	5.00	Director	$0	$0	$0
MARK MIHAL	Trustee	5.00	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	$158,376	$149,516	$246,991	$8,860
2023	$174,805	$173,262	$239,011	$1,543
2022	$176,994	$142,071	$236,917	$34,923
2021	$171,006	$131,874	$203,169	$39,132
2020	$173,948	$126,710	$161,742	$47,238
2019	$173,660	$143,467	$159,735	$30,193
2018	$205,064	$140,909	$171,722	$64,155

SHEET METAL WORKERS FUNDS SERVICE FACILITY INC