SHEET METAL AND AIR CONDITIONING CONTRACTORS NATIONAL ASSOC - KC (EIN 440579756) - 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

Principal Officer

JIM MEGERSON

Phone

8164213360

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL AND AIR CONDITIONING CONTRACTORS NATIONAL ASSOC - KC, founded in 1952, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $296K, a strong 24% operating margin.

Mission

TO PROMOTE VARIOUS SEGMENTS OF THE SHEET METAL INDUSTRY THROUGH PUBLICATIONS, SEMINARS, EXHIBITS, ETC.

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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 $994,938

Investment Income $231,590

Other Revenue $0

TOTAL REVENUE $1,226,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,278

Fundraising Expenses $0

Other Expenses $679,797

TOTAL EXPENSES $930,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,226,528	$1,000,808	+0.2%
Expenses	$930,075	$765,165	+0.2%
Net Income	$296,453	$235,643	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY ARD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHRIS CHAMPAGNE	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
CHRIS GILMORE	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN MANN	DIRECTOR	1.00	Director	$0	$0	$0
JIM MEGERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN OLIVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
ANDY PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
BOB ROACH	DIRECTOR	1.00	Director	$0	$0	$0
VAN WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
BECKY WISEMAN	SEC/TREAS	2.00	Officer Director	$0	$0	$0
CLINT ZIER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ZYKAN	DIRECTOR	1.00	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	$1,226,528	$930,075	$2,593,314	$296,453
2023	$1,000,808	$765,165	$2,312,584	$235,643
2022	$478,904	$748,880	$2,055,984	$-269,976
2021	$944,661	$702,089	$2,334,289	$242,572
2020	$789,856	$715,896	$2,100,444	$73,960
2019	$1,043,939	$704,138	$2,029,676	$339,801
2018	$586,364	$667,104	$1,690,793	$-80,740

SHEET METAL AND AIR CONDITIONING CONTRACTORS NATIONAL ASSOC - KC