SHEET METAL MORKERS LOCAL 202 (EIN 431943294) - 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

1952

Legal Domicile

Principal Officer

RICHARD HARRIS

Phone

3142430963

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL MORKERS LOCAL 202, founded in 1952, is a small nonprofit in the Employment sector that reported $232K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $214K left a modest 8% surplus.

Mission

ORGANIZE AND REPRESENT UNION MEMBERS THROUGH COLLECTIVE BARGAINING.

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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 $0

Program Service Revenue $193,894

Investment Income $0

Other Revenue $37,743

TOTAL REVENUE $231,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,745

Fundraising Expenses $0

Program Expenses $207,218

Other Expenses $98,229

TOTAL EXPENSES $213,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,637	$247,758	-0.1%
Expenses	$213,974	$233,536	-0.1%
Net Income	$17,663	$14,222	+0.2%

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

$76,441

Total Directors

$1,813

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD CROCKER	EXECUTIVE BOARD MEMBER	2.00	Director	$98	$62	$160
THOMAS DIBIASO III	EXECUTIVE BOARD MEMBER	2.00	Director	$130	$194	$324
AYDIN KEENEY	TRUSTEE	2.00	Director	$1,240	$59	$1,299
MATT GREIFE	TRUSTEE	2.00	Director	$30	$0	$30
RICHARD HARRIS	PRESIDENT/BUSINESS MGR	40.00	Officer	$65,792	$8,738	$74,530
DONALD BEIRMAN	FINANCIAL SEC/TREASURER	20.00	Officer	$0	$0	$0
SHANNON DAHMS	RECORDING SECRETARY	8.00	Officer	$207	$194	$401
JAMES HUFFMAN	VICE PRESIDENT	8.00	Officer	$1,189	$321	$1,510

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	$231,637	$213,974	$78,644	$17,663
2023	$247,758	$233,536	$64,412	$14,222
2022	$225,223	$248,806	$58,230	$-23,583
2021	$208,619	$210,784	$94,772	$-2,165
2020	$202,405	$189,342	$103,809	$13,063
2019	$232,881	$225,229	$98,297	$7,652
2018	$207,321	$228,054	$73,277	$-20,733

SHEET METAL MORKERS LOCAL 202