SHEET METAL WORKERS INTERNATIONAL ASSOCIATION AFL-CIO LOCAL 565 (EIN 390969164) - 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

1965

Legal Domicile

Principal Officer

JESSE BUELL

Phone

6082575757

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION AFL-CIO LOCAL 565, founded in 1965, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.7M left a modest 4% surplus.

Mission

A LABOR UNION THAT REPRESENTS MANUFACTURING WORKERS IN WISCONSIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $58,131

Program Service Revenue $1,660,157

Investment Income $5,536

Other Revenue $31,025

TOTAL REVENUE $1,754,849

Expense Breakdown

Grants Paid $32,480

Salaries & Benefits $707,086

Fundraising Expenses $0

Other Expenses $921,226

TOTAL EXPENSES $1,677,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,754,849	$1,756,244	0.0%
Expenses	$1,677,792	$1,681,193	0.0%
Net Income	$77,057	$75,051	+0.0%

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

$440,217

Total Directors

$118,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM NIEBUHR	BUS REP/RECORDING SECRETARY	40.00	Officer Director	$91,192	$27,240	$118,432
TERRY LYON	VICE PRESIDENT (FROM JULY)	1.00	Officer Director	$0	$0	$0
RHONDA ELLIOTT	EXECUTIVE BOARD MEMBER	1.00	Director	$0	$0	$0
TENG LEE	EXECUTIVE BOARD MEMBER	1.00	Director	$0	$0	$0
DAN ROHDE	EXECUTIVE BOARD MEMBER	1.00	Director	$0	$0	$0
RICK RUMPEL	EXECUTIVE BOARD MEMBER (THRU JUNE)	1.00	Director	$0	$0	$0
JESSE BUELL	BUS MANAGER/FINANCIAL SECRETARY TREASURER	40.00	Officer	$95,305	$54,882	$150,187
SCOTT SEYMOUR	BUS REP/ORGANIZER	40.00	Officer	$91,132	$80,466	$171,598
RANDY BOLES	PRESIDENT (THRU JUNE)	1.00	Officer	$0	$0	$0
TYLER WOLFE	PRESIDENT (FROM JULY)	1.00	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
2024	No data	No data	No data	No data
2023	$1,754,849	$1,677,792	$1,406,348	$77,057
2022	$1,756,244	$1,681,193	$1,323,003	$75,051
2021	$1,642,687	$1,441,173	$1,251,904	$201,514
2020	$1,452,809	$1,349,459	$1,050,728	$103,350
2019	$1,594,787	$1,579,565	$940,842	$15,222
2018	$1,512,241	$1,503,255	$907,789	$8,986

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION AFL-CIO LOCAL 565