SHEET METAL WORKERS INT'L UNION NO 45 (EIN 420519613) - 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

1937

Legal Domicile

Principal Officer

ANDREW BREDESON

Phone

5152627421

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS INT'L UNION NO 45, founded in 1937, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.2M left a modest 6% surplus.

Mission

PROVIDE FOR ITS MEMBERS THROUGH ORGANIZED EFFORT TO ESTABLISH AND MAINTAIN DESIRABLE WORKING CONDITIONS.

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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 $80,679

Program Service Revenue $1,070,154

Investment Income $41,308

Other Revenue $67,224

TOTAL REVENUE $1,259,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $599,621

Fundraising Expenses $0

Other Expenses $587,590

TOTAL EXPENSES $1,187,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,259,365	$1,360,304	-0.1%
Expenses	$1,187,211	$1,144,752	+0.0%
Net Income	$72,154	$215,552	-0.7%

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

$330,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BREDESON	BUSINESS MGR	42.00	Officer	$93,310	$66,997	$160,307
JON QUIJANO	BUSINESS REP	42.00	Officer	$88,963	$66,997	$155,960
NEDD BROWN	PRESIDENT	2.00	Officer	$12,462	$0	$12,462
RYAN CONRATH	RECORDING SE	2.00	Officer	$2,000	$0	$2,000
ROB ATKINS	TRUSTEE	2.00	Director	$0	$0	$0
LARRY FERRISS	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL FULKERSON	EXECUTIVE BO	2.00	Director	$0	$0	$0
LENOX PARSONS	EXECUTIVE BO	2.00	Director	$0	$0	$0
CURT ROACH	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT SHOOP	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT THORNE	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN WALTZ	WARDEN	2.00	Officer	$0	$0	$0
CHAD WEIR	VICE PRESIDE	2.00	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
2025	$1,259,365	$1,187,211	$1,484,440	$72,154
2024	$1,360,304	$1,144,752	$1,405,200	$215,552
2023	$1,234,998	$1,075,865	$1,190,366	$159,133
2022	$1,052,416	$1,061,810	$1,038,065	$-9,394
2021	$1,021,386	$1,056,911	$1,039,755	$-35,525
2020	$943,169	$959,597	$1,071,166	$-16,428
2019	$947,547	$1,058,606	$1,089,102	$-111,059

SHEET METAL WORKERS INT'L UNION NO 45