SHEET METAL WORKERS INTL ASSOC LOCAL 24 (EIN 311222567) - 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

JEFFREY HUNLEY

Phone

9372779303

Tax Period

2025-01-01 to 2025-12-31

SHEET METAL WORKERS INTL ASSOC LOCAL 24, founded in 1987, is a community nonprofit in the Employment sector that reported $8.3M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.5M, a strong 42% operating margin.

Mission

TO CONDUCT COLLECTIVE BARGAINING AND PROMOTE EMPLOYMENT OPPORTUNITIES FOR MEMBERS OF LOCAL UNION NO. 24.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,916,155

Investment Income $279,132

Other Revenue $86,278

TOTAL REVENUE $8,281,565

Expense Breakdown

Grants Paid $12,572

Salaries & Benefits $2,296,601

Fundraising Expenses $0

Other Expenses $1,258,470

TOTAL EXPENSES $4,825,116

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,281,565	$7,444,323	+0.1%
Expenses	$4,825,116	$4,769,209	+0.0%
Net Income	$3,456,449	$2,675,114	+0.3%

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

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

$2,948

Total Directors

$1,770,911

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HUNLEY	FINANCIAL SE	45.00	Director	$112,919	$81,067	$193,986
JEFFREY ROWE	BUSINESS AGE	40.00	Director	$101,042	$74,038	$175,080
JOSH WILLIAMS	BUSINESS AGE	40.00	Director	$100,482	$74,213	$174,695
SCOTT HILL	BUSINESS AGE	40.00	Director	$96,004	$73,452	$169,456
NICK COLLINI	BUSINESS AGE	40.00	Director	$92,328	$66,856	$159,184
JEFFREY M MUELLER	BUSINESS AGE	40.00	Director	$91,558	$66,725	$158,283
BRAWNY WELCH	BUSINESS AGE	40.00	Director	$88,802	$68,319	$157,121
DEAN LACEY	BUSINESS AGE	40.00	Director	$86,976	$68,008	$154,984
WILLIAM LOCKHART	BUSINESS AGE	40.00	Director	$99,912	$49,508	$149,420
RONNIE SHOEMAKER	BUSINESS AGE	40.00	Director	$82,236	$61,568	$143,804
JEDIDIAH DAVIS	BUSINESS AGE	40.00	Director	$27,444	$21,903	$49,347
COLE CHANEY	BUSINESS AGE	40.00	Director	$21,100	$16,462	$37,562
RODNEY A FRENCH	FINANCIAL SE	45.00	Director	$21,937	$14,227	$36,164
JERRY TAYLOR	EXECUTIVE BO	1.00	Director	$2,157	$0	$2,157
MICHAEL COLE	EXECUTIVE BO	1.00	Director	$1,529	$0	$1,529
TJ PAIGE	TRUSTEE	1.00	Director	$1,529	$0	$1,529
TREVOR SUTERMASTER	PRESIDENT	1.00	Director	$1,529	$0	$1,529
SAMUEL BLAKELEY	EXECUTIVE BO	1.00	Director	$1,505	$0	$1,505
EUGENE RECTOR	TRUSTEE	1.00	Director	$1,501	$0	$1,501
DAVID RITCHIE	VICE PRESIDE	1.00	Officer	$1,501	$0	$1,501
TODD HEDRICK	RECORDING SE	1.00	Officer	$1,447	$0	$1,447
RICHARD BAILEY	EXECUTIVE BO	1.00	Director	$1,375	$0	$1,375
JOSHUA DANIELS	TRUSTEE	1.00	Director	$700	$0	$700
ROBERT CAMPBELL	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	$8,281,565	$4,825,116	$17,278,596	$3,456,449
2024	$7,444,323	$4,769,209	$13,814,023	$2,675,114
2023	$5,513,185	$5,148,729	$11,134,329	$364,456
2022	$5,573,697	$4,645,363	$10,766,318	$928,334
2021	$4,652,327	$3,779,765	$9,841,814	$872,562
2020	$4,963,976	$3,924,341	$8,961,963	$1,039,635
2019	$4,855,343	$4,376,586	$7,927,462	$478,757
2018	$4,520,457	$3,783,794	$7,445,943	$736,663

SHEET METAL WORKERS INTL ASSOC LOCAL 24