SHEET METAL WORKERS LOCAL NO 2 BUILDING ASSOCIATION (EIN 431223980) - 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

1979

Legal Domicile

Principal Officer

AARON MURRAY

Phone

8162548021

Tax Period

2025-01-01 to 2025-12-31

SHEET METAL WORKERS LOCAL NO 2 BUILDING ASSOCIATION, founded in 1979, is a micro nonprofit that reported $50K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $218K exceeded revenue, resulting in a 340% operating deficit.

Mission

LABOR UNION BUILDING FUND

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $49,607

Investment Income $0

Other Revenue $0

TOTAL REVENUE $49,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,168

Other Expenses $218,168

TOTAL EXPENSES $218,168

Year-over-Year Comparison

	2025	2024	Change
Revenue	$49,607	$53,917	-0.1%
Expenses	$218,168	$221,738	0.0%
Net Income	$-168,561	$-167,821	+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

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

$391,661

Total Directors

$611,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN LOFTIS	PRESIDENT	2.00	Officer Director	$0	$81,581	$249,282
CARL THARP	BOARD MEMBER	2.00	Director	$0	$76,506	$219,987
AARON MURRAY	SECRETARY	2.00	Officer Director	$0	$48,687	$142,379
JON GALLAGHER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID WRIGHT	BOARD MEMBER	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
2025	$49,607	$218,168	$1,161,566	$-168,561
2024	$53,917	$221,738	$1,135,029	$-167,821
2023	$151,404	$249,490	$1,157,055	$-98,086
2022	$151,003	$340,764	$1,191,143	$-189,761
2021	$151,215	$272,019	$1,224,250	$-120,804
2020	$183,283	$269,543	$1,258,449	$-86,260
2019	$569,952	$301,277	$1,324,709	$268,675
2018	$196,529	$266,276	$1,422,469	$-69,747

SHEET METAL WORKERS LOCAL NO 2 BUILDING ASSOCIATION