SHEET METAL WORKERS INTL ASSOCIATION LOCAL NO 55 (EIN 264414678) - 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

2009

Legal Domicile

Principal Officer

KOLBY HANSON

Phone

5095428700

Tax Period

2020-04-01 to 2021-03-31

SHEET METAL WORKERS INTL ASSOCIATION LOCAL NO 55, founded in 2009, is a small nonprofit that reported $605K in total revenue in fiscal year 2020. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $566K left a modest 6% surplus.

Mission

LABOR UNION REPRESENTING MEMBERS THROUGH NEGOTIATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $545,826

Investment Income $47,614

Other Revenue $11,873

TOTAL REVENUE $605,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,499

Fundraising Expenses $0

Other Expenses $263,831

TOTAL EXPENSES $566,330

Year-over-Year Comparison

	2020	2019	Change
Revenue	$605,313	$3,410,511	-0.8%
Expenses	$566,330	$3,110,036	-0.8%
Net Income	$38,983	$300,475	-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

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

$42,464

Total Directors

$36

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KOLBY HANSON	FIN SEC/TREASUR	45.00	Officer	$27,004	$14,152	$41,156
SEAN VAN PELT	BUSINESS REP	40.00		$25,152	$13,837	$38,989
JOHN RILEY	REC SECRETARY	5.00	Officer	$1,308	$0	$1,308
DAN ZICHKO	E-BOARD	5.00	Director	$36	$0	$36
JOSE YBARRA	E-BOARD	5.00	Director	$0	$0	$0
PAUL GARNER	E-BOARD	5.00	Director	$0	$0	$0
JOSEPH HENSON	Trustee	5.00	Director	$0	$0	$0
EDWARD SMITH	Trustee	5.00	Director	$0	$0	$0
JACOB ROBINETTE	Trustee	5.00	Director	$0	$0	$0
GREGORY DIETZ	Trustee	5.00	Director	$0	$0	$0
WILLIAM PALMER	President	5.00	Officer	$0	$0	$0
BRENT NUNAMAKER	Vice President	5.00	Officer	$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
2021	$605,313	$566,330	No data	$38,983

SHEET METAL WORKERS INTL ASSOCIATION LOCAL NO 55