SHEET METAL CONTRACTORS ASSOCIATION OF PHILADELPHIA & VICINITY

EIN: 236272903

WARMINSTER, PA

Total Revenue
$1,177,400
Total Expenses
$1,321,200
Total Assets
$5,451,988
Net Assets
$4,683,095
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
PA
Principal Officer
PETER JENKINS
Phone
6108284055
Tax Period
2022-07-01 to 2023-06-30

SHEET METAL CONTRACTORS ASSOCIATION OF PHILADELPHIA & VICINITY, founded in 1919, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO SERVE THE SHEET METAL INDUSTRY IN EDUCATION, RELATIONS, STANDARDS, REPRESENTATIONS AND BUSINESS STUDIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,340,966
Investment Income $-230,214
Other Revenue $66,648
TOTAL REVENUE $1,177,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $644,055
Fundraising Expenses $0
Program Expenses $1,321,200
Other Expenses $677,145
TOTAL EXPENSES $1,321,200

Year-over-Year Comparison

2022 2021 Change
Revenue $1,177,400 $1,694,209 -0.3%
Expenses $1,321,200 $1,310,230 +0.0%
Net Income $-143,800 $383,979 -1.4%
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
10
Independent Members
10
Employees
5
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
5
$255,605
Total Directors
10
$255,605
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER JENKINS EXECUTIVE DIRECTOR 40.00
Officer Director
$199,769 $55,836 $255,605
DOMINIC BONITATIS PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
ROBERT E JOHNSTON JR SECRETARY / TREASURER 2.00
Officer Director
$0 $0 $0
KENNETH WURST DIRECTOR 2.00
Director
$0 $0 $0
JACK TITLOW DIRECTOR 2.00
Director
$0 $0 $0
GLEN ARMSTRONG DIRECTOR 2.00
Director
$0 $0 $0
GARY G LUTHE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ERNEST J MENOLD DIRECTOR 2.00
Director
$0 $0 $0
REGINA ONORATO DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW SANO PRESIDENT 1.00
Officer 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 $1,177,400 $1,321,200 $5,451,988 $-143,800
2022 $1,694,209 $1,310,230 $5,249,364 $383,979
2021 $1,843,383 $934,430 $5,609,716 $908,953
2020 $1,589,396 $1,509,537 $4,438,473 $79,859
2019 $1,751,904 $1,501,709 $4,251,362 $250,195
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