SHEET METAL CONTRACTORS OF IOWA IN… - 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

1976

Legal Domicile

Principal Officer

JOHN ILTEN

Phone

5152236568

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL CONTRACTORS OF IOWA INDUSTRY FUND INC, founded in 1976, is a small nonprofit that reported $770K in total revenue in fiscal year 2024.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $35,052

SAFETY TRAINING & SCHOLARSHIPS

Program 2

Expenses: $34,195

LABOR RELATIONS & NEGOTIATIONS

Program 3

INDUSTRY PROMOTION

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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 $770,199

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $770,199

Expense Breakdown

Grants Paid $669,312

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,559

Other Expenses $80,079

TOTAL EXPENSES $749,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,199	$727,186	+0.1%
Expenses	$749,391	$711,508	+0.1%
Net Income	$20,808	$15,678	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ILTEN	CHAIRMAN	2.00	Director	$0	$0	$0
DON LIVASY	TRUSTEE	2.00	Director	$0	$0	$0
JEFF LINDELL	TRUSTEE	2.00	Director	$0	$0	$0
TOM WENGERT	TRUSTEE	2.00	Director	$0	$0	$0
WES HUNOLD	TRUSTEE	2.00	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
2024	$770,199	$749,391	$120,807	$20,808
2023	$727,186	$711,508	$99,999	$15,678
2022	$620,537	$619,868	$84,321	$669
2021	$550,780	$547,325	$83,651	$3,455
2020	$561,015	$564,026	$80,196	$-3,011
2019	$547,197	$541,201	$87,469	$5,996
2018	$567,501	$553,367	$81,508	$14,134

SHEET METAL CONTRACTORS OF IOWA INDUSTRY FUND INC