SHEET METAL WORKERS ASSOCIATION INC

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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

1983

Legal Domicile

Principal Officer

MATT FAIRBANKS

Phone

6517702388

Tax Period

2023-07-01 to 2024-06-30

SHEET METAL WORKERS ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $895K in total revenue in fiscal year 2023. Revenue surged 456% from the prior year, signaling strong growth momentum. The organization ran a surplus of $706K, a strong 79% operating margin.

Mission

BUILDING CORPORATION

Program Service Accomplishments

Program 1

TO HOLD TITLE TO PROPERTY AND EQUIPMENT OCCUPIED AND USED BY THE BUILDING ASSOCIATION OWNER, INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL, AND TRANSPORTATION WORKERS LOCAL UNION 10.

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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 $727,380

Program Service Revenue $167,637

Investment Income $0

Other Revenue $0

TOTAL REVENUE $895,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $189,037

TOTAL EXPENSES $189,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$895,017	$160,881	+4.6%
Expenses	$189,037	$198,985	0.0%
Net Income	$705,980	$-38,104	-19.5%

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

$2,450

Total Directors

$556,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT FAIRBANKS	TRUSTEE	1.00	Director	$0	$126,302	$294,290
JASON DAMMAN	TRUSTEE	1.00	Director	$0	$106,489	$248,331
DAVE HOLZER	BUSINESS AGE	0.00	Highest	$0	$97,482	$226,116
JOEL RASMUSSEN	PRODUCTION	0.00	Highest	$0	$97,067	$225,728
NICK MURPHY	BUSINESS AGE	0.00	Highest	$0	$97,418	$225,506
COLIN BEERE	GOVERNMENT A	0.00	Highest	$0	$96,899	$225,153
PAUL MARTIN	ORGANIZER	0.00	Highest	$0	$96,754	$224,863
PETE LEITSCHUH	TRUSTEE	1.00	Director	$0	$0	$1,665
CHARLES SCHOLL	RECORDING SE	1.00	Officer Director	$0	$0	$1,600
TED MICHALEK	TRUSTEE	1.00	Director	$0	$0	$1,350
DON HINTZMAN	TRUSTEE	1.00	Director	$0	$0	$1,290
DANA LONIEN	TRUSTEE - PA	1.00	Director	$0	$0	$1,050
ADAM SZYBATKA	TRUSTEE	1.00	Director	$0	$0	$1,050
STEVE VERBY	TRUSTEE - PA	1.00	Director	$0	$0	$1,000
JIM VERHULST	TRUSTEE	1.00	Director	$0	$0	$975
JUSTIN WAHL	TRUSTEE	1.00	Director	$0	$0	$975
DAN DONOHOE	TRUSTEE - PA	1.00	Director	$0	$0	$950
JIMMY WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$900
LUIGI ANDRETTA JR	PRESIDENT	1.00	Officer Director	$0	$0	$850
RACHEL ALEXANDER	TRUSTEE	1.00	Director	$0	$0	$0
RALPH FENN	TRUSTEE	1.00	Director	$0	$0	$0
ERIC FRISON	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN GOEBEL	TRUSTEE	1.00	Director	$0	$0	$0
ERIC LARSON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LUDOWESE	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY SPECHT	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	No data	No data	No data	No data
2024	$895,017	$189,037	$1,215,791	$705,980
2023	$160,881	$198,985	$509,811	$-38,104
2022	$164,769	$192,673	$547,915	$-27,904
2021	$209,300	$181,839	$575,819	$27,461
2020	$155,157	$157,717	$548,358	$-2,560
2019	$155,587	$153,754	$550,918	$1,833