SHEET METAL WORKERS LOCAL NO 268 V… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

Jeffery R Bauer

Phone

6183971443

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS LOCAL NO 268 VACATION FUND, founded in 1960, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024.

Mission

Providing vacation benefits to approximately 420 members of Sheet Metal Workers Local 268 through assessments to construction contractor employers

Program Service Accomplishments

Program 1

Expenses: $1,630,236 Revenue: $1,645,298

Vacation benefits paid directly to members of Sheet Metal Workers Local 268 provided the total benefits as outlined in the organization's mission statement

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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 $1,645,298

Investment Income $27,896

Other Revenue $0

TOTAL REVENUE $1,673,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,630,236

Other Expenses $26,594

TOTAL EXPENSES $1,656,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,673,194	$1,596,518	+0.0%
Expenses	$1,656,830	$1,576,826	+0.1%
Net Income	$16,364	$19,692	-0.2%

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

$99,373

Total Directors

$204,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John LePere	Trustee	1	Director	$0	$0	$105,322
Paul Numi	Trustee	1	Director	$0	$0	$99,373
Jeffery Bauer	Managing Trustee	5	Officer	$0	$0	$99,373
Phil Halliday	Trustee	1	Director	$0	$0	$0
Eric Theiss	Trustee	1	Director	$0	$0	$0
Brad McPherson	Trustee	1	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	$1,673,194	$1,656,830	$120,410	$16,364
2024	No data	No data	No data	No data
2023	$1,599,174	$1,574,858	$84,354	$24,316
2022	$1,368,507	$1,365,046	$60,038	$3,461
2021	$1,302,084	$1,296,083	$56,577	$6,001

SHEET METAL WORKERS LOCAL NO 268 VACATION FUND