SHEET METAL WORKERS' LOCAL NO 2 (EIN 440429770) - 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

1980

Legal Domicile

Principal Officer

AARON MURRAY

Phone

8162548021

Tax Period

2025-01-01 to 2025-12-31

SHEET METAL WORKERS' LOCAL NO 2, founded in 1980, is a community nonprofit in the Employment sector that reported $7.7M in total revenue in fiscal year 2025. The organization ran a surplus of $1.8M, a strong 23% operating margin.

Mission

PROMOTE AND DEMONSTRATE THE POSSIBILITIES OF TRADE IN THE VARIOUS FIELDS OF INDUSTRY AND PROTECT THE RIGHTS OF ITS MEMBERS IN A UNITED EFFORT WITH OTHER MEMBERS THROUGHOUT THE UNITED STATES AND CANADA.

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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 $7,422,368

Investment Income $234,386

Other Revenue $71,396

TOTAL REVENUE $7,728,150

Expense Breakdown

Grants Paid $205,315

Salaries & Benefits $2,255,562

Fundraising Expenses $0

Program Expenses $5,919,960

Other Expenses $3,433,699

TOTAL EXPENSES $5,919,960

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,728,150	$7,960,661	0.0%
Expenses	$5,919,960	$5,447,384	+0.1%
Net Income	$1,808,190	$2,513,277	-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

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

$167,619

Total Directors

$167,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL LOFTIS	BUSINESS MAN	40.00	Highest	$167,701	$81,581	$249,282
JEREMIAH GEMMELL	BUSINESS REP	40.00	Highest	$147,207	$78,097	$225,304
JASON HARRISON	LOCAL 2 ORGA	40.00	Highest	$147,207	$78,097	$225,304
RICHARD DEVINEY JR	BUSINESS REP	40.00	Highest	$147,207	$78,097	$225,304
CRAIG MESSER	BUSINESS REP	40.00	Highest	$147,207	$78,097	$225,304
AARON MURRAY	SECTY TREASU	40.00	Officer Director	$93,692	$48,687	$142,379
ADAM BRANDMUELLER	RECORDING SE	2.00	Officer Director	$6,959	$0	$6,959
ASHLEY DESCHENES	EXECUTIVE BO	2.00	Officer Director	$5,888	$0	$5,888
JON GALLAGHER	PRESIDENT	2.00	Officer Director	$2,426	$0	$2,426
JOHN RICH	EXECUTIVE BO	2.00	Officer Director	$1,950	$0	$1,950
CURTIS EVANS	VICE PRESIDE	2.00	Officer Director	$1,638	$0	$1,638
JARED BORDEN	EXECUTIVE BO	2.00	Officer Director	$1,326	$0	$1,326
JW BROWN	EXECUTIVE BO	2.00	Officer Director	$1,326	$0	$1,326
SHEA LEHMAN	EXECUTIVE BO	2.00	Officer Director	$1,326	$0	$1,326
DUSTIN CROUCH	EXECUTIVE BO	2.00	Officer Director	$858	$0	$858
PHIL GRAMSE	TRUSTEE	2.00	Officer Director	$858	$0	$858
LOUIS VIGIL	WARDEN	2.00	Officer Director	$624	$0	$624
MARLON TANNER	TRUSTEE	2.00	Officer Director	$61	$0	$61
PAM BLACKMORE	CONDUCTOR	2.00	Officer Director	$0	$0	$0
DEVIN GRIMES	EXECUTIVE BO	2.00	Officer Director	$0	$0	$0
MIKE PITTSENBARGER	TRUSTEE	2.00	Officer Director	$0	$0	$0
JON SWISHER	TRUSTEE	2.00	Officer 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	$7,728,150	$5,919,960	$12,689,584	$1,808,190
2024	$7,960,661	$5,447,384	$10,828,875	$2,513,277
2023	$6,093,909	$4,992,562	$8,422,715	$1,101,347
2022	$5,491,447	$5,127,734	$7,334,765	$363,713
2021	$5,506,375	$4,611,224	$7,573,249	$895,151
2020	$5,842,020	$5,453,484	$6,783,663	$388,536
2019	$5,548,917	$5,105,771	$6,425,823	$443,146
2018	$5,027,295	$4,731,869	$5,948,754	$295,426

SHEET METAL WORKERS' LOCAL NO 2