SHEET METAL CONTRACTORS OF IOWA INC (EIN 420955303) - 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

1969

Legal Domicile

Principal Officer

JAMES OLSON

Phone

5152236568

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL CONTRACTORS OF IOWA INC, founded in 1969, is a small nonprofit that reported $456K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $425K left a modest 7% surplus.

Mission

TO DEVELOP, IMPROVE, AND PROMOTE THE SHEET METAL INDUSTRY FOR THE BENEFIT OF THE EMPLOYERS, THEIR EMLPLOYEES, AND THE GENERAL PUBLIC.

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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 $456,192

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $456,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,998

Fundraising Expenses $0

Program Expenses $262,613

Other Expenses $198,018

TOTAL EXPENSES $425,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$456,192	$407,800	+0.1%
Expenses	$425,016	$498,465	-0.1%
Net Income	$31,176	$-90,665	-1.3%

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

$118,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE DERYCKE	DIRECTOR	2.00	Director	$0	$0	$0
PETER WATSON	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ILTEN	DIRECTOR	2.00	Director	$0	$0	$0
DAN HAMPTON	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ROB WENZEL	DIRECTOR	2.00	Director	$0	$0	$0
JEFF LINDELL	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SHAFFER JR	DIRECTOR	2.00	Director	$0	$0	$0
JAMES OLSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOT GEISLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DON LIVASY	DIRECTOR	2.00	Director	$0	$0	$0
MITCH GOLAY	DIRECTOR	2.00	Director	$0	$0	$0
TOM WENGERT	TREASURER	2.00	Officer Director	$0	$0	$0
KATE WIERSON	EX DIRECTOR	40.00	Officer	$118,880	$0	$118,880

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	$456,192	$425,016	$245,083	$31,176
2023	$407,800	$498,465	$216,331	$-90,665
2022	$366,300	$416,095	$304,518	$-49,795
2021	$349,600	$328,180	$353,279	$21,420
2020	$374,300	$296,377	$330,199	$77,923
2019	$346,516	$349,550	$251,249	$-3,034
2018	$356,759	$316,745	$254,857	$40,014

SHEET METAL CONTRACTORS OF IOWA INC