SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 19 SCHOLARSHIP FUND (EIN 232480754) - 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

1987

Legal Domicile

Principal Officer

BRYAN BUSH

Phone

2159521999

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 19 SCHOLARSHIP FUND, founded in 1987, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $163K left a modest 3% surplus.

Mission

THE FUND PROVIDES FINANCIAL ASSISTANCE THROUGH THE AWARDING OF SCHOLARSHIPS TO A SPOUSE OR DEPENDENT CHILD OF ACTIVE AND RETIRED MEMBERS IN GOOD STANDING OF THE SHEET METAL WORKERS' INTERNATIONAL ASSOCIATION LOCAL UNION NO. 19.

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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 $0

Program Service Revenue $55,617

Investment Income $0

Other Revenue $112,192

TOTAL REVENUE $167,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,834

Other Expenses $45,865

TOTAL EXPENSES $162,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,809	$106,533	+0.6%
Expenses	$162,699	$171,822	-0.1%
Net Income	$5,110	$-65,289	-1.1%

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

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

$792,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY MASINO	UNION TRUSTEE	1.00	Director	$0	$172,002	$438,255
BRYAN BUSH	UNION TRUSTEE	1.00	Director	$0	$147,321	$354,154
PETER JENKINS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GARY LUTHE	EMPLOYER TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$167,809	$162,699	$356,373	$5,110
2022	$106,533	$171,822	$346,580	$-65,289
2021	$153,014	$130,672	$396,802	$22,342
2020	$213,258	$105,539	$347,460	$107,719
2019	$129,417	$87,225	$216,741	$42,192
2018	$87,927	$62,583	$156,049	$25,344

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION LOCAL 19 SCHOLARSHIP FUND