Sheet Metal Workers Local Union No 292 Suppl Unemp (EIN 237205462) - 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

1972

Legal Domicile

Principal Officer

SAME AS ABOVE

Phone

2488139800

Tax Period

2024-04-01 to 2025-03-31

Sheet Metal Workers Local Union No 292 Suppl Unemp, founded in 1972, is a small nonprofit in the Mutual Benefit sector that reported $657K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $636K left a modest 3% surplus.

Mission

TO provide benefits to eligible participants to ease economic hardship arising from the disruption of employment.

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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 $663,445

Investment Income $-6,164

Other Revenue $0

TOTAL REVENUE $657,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $491,933

Other Expenses $143,736

TOTAL EXPENSES $635,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$657,281	$756,982	-0.1%
Expenses	$635,669	$522,634	+0.2%
Net Income	$21,612	$234,348	-0.9%

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

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

$534,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Gualdoni	Chairman	1.00	Director	$0	$96,594	$271,613
Antonio Silvestri	Trustee	1.00	Director	$0	$95,980	$262,507
Charles Garry	Trustee	1.00	Director	$0	$0	$0
Michael Asher	Secretary	1.00	Director	$0	$0	$0
Anne Welling	Trustee	1.00	Director	$0	$0	$0
Tracy Roberts	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
2025	$657,281	$635,669	$2,873,459	$21,612
2024	$756,982	$522,634	$2,763,956	$234,348
2023	$522,728	$468,609	$2,415,210	$54,119
2022	$764,091	$627,085	$2,446,530	$137,006
2021	$1,200,116	$836,626	$2,363,912	$363,490
2020	$846,450	$306,976	$1,842,160	$539,474
2019	$494,056	$544,978	$1,368,924	$-50,922
2018	$724,385	$422,265	$1,404,818	$302,120

Sheet Metal Workers Local Union No 292 Suppl Unemp