SHEET METAL WORKERS LOCAL 3

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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

1974

Legal Domicile

Principal Officer

JASON GRIESEMER

Phone

4023303383

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS LOCAL 3, founded in 1974, is a community nonprofit in the Employment sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $695K, a strong 20% operating margin.

Mission

LOCAL CHAPTER OF INTERNATIONAL LABOR UNION.

Program Service Accomplishments

Program 1

TO PROMOTE THE SHEET METAL TRADES BY MAKING TARGETED JOB PAYMENTS TO UNION MEMBER CONTRACTORS TO EQUALIZE COMPETITION WITH NON-UNION CONTRACTORS.

Program 2

TO EDUCATE NEW MEMBERS AND APPRENTICES ABOUT WORK ETHIC, COMMITTMENT, AND ATTITUDE TO BE SUPPORTIVE OF THE SHEET METAL WORKERS'LABOR FORCE.

Program 3

TO BARGAIN FOR IMPROVEMENT IN MEMBERS' WAGES, HOURS WORKED AND WORKING CONDITIONS.

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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 $3,355,469

Investment Income $28,563

Other Revenue $117,356

TOTAL REVENUE $3,501,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $790,043

Fundraising Expenses $0

Other Expenses $2,016,342

TOTAL EXPENSES $2,806,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,501,388	$3,760,058	-0.1%
Expenses	$2,806,385	$2,533,269	+0.1%
Net Income	$695,003	$1,226,789	-0.4%

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

$212,318

Total Directors

$216,943

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON GRIESEMER	BUSINESS MANAGER	50.00	Officer Director	$133,253	$65,480	$198,733
RON MCCORMICK	VICE PRESIDENT	10.00	Officer Director	$3,072	$787	$3,859
JOEL BRIGGS	PRESIDENT	10.00	Officer Director	$3,997	$1,019	$5,016
KURT BROWN	MEMBER	10.00	Director	$2,185	$557	$2,742
BRIAN ALLISON	TRUSTEE/PRESIDENT	10.00	Officer Director	$2,782	$714	$3,496
SHON SMITH	TRUSTEE	10.00	Director	$385	$100	$485
JOSEPH MULLIGAN III	MEMBER	10.00	Director	$483	$124	$607
DAN LEVY	RECORDING SECRETARY	10.00	Officer Director	$965	$249	$1,214
TJ JOHNSON	TRUSTEE	10.00	Director	$290	$75	$365
MICHAEL WALLACE	TRUSTEE	10.00	Director	$338	$88	$426

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	$3,501,388	$2,806,385	$10,194,092	$695,003
2024	$3,760,058	$2,533,269	$9,494,499	$1,226,789
2023	$4,220,364	$2,648,795	$8,271,670	$1,571,569
2022	$3,521,366	$2,705,326	$6,699,199	$816,040
2021	$3,562,750	$2,656,033	$5,879,138	$906,717
2020	$4,018,582	$2,712,232	$4,968,710	$1,306,350
2019	$3,762,462	$2,471,313	$3,662,415	$1,291,149
2018	$2,918,555	$2,161,382	$2,372,307	$757,173