SHEET METAL WORKERS LOCAL NO 3 BUILDING CORPORATION (EIN 470824109) - 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

1999

Legal Domicile

Principal Officer

JASON GRIESEMER

Phone

4023303383

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS LOCAL NO 3 BUILDING CORPORATION, founded in 1999, is a small nonprofit in the Employment sector that reported $145K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $184K exceeded revenue, resulting in a 27% operating deficit.

Mission

OWN AND OPERATE BUILDING FOR TRAINING AND MEETING FACILITIES TO BENEFIT RELATED ORGANIZATIONS

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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 $144,712

Investment Income $145

Other Revenue $0

TOTAL REVENUE $144,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,491

Other Expenses $184,491

TOTAL EXPENSES $184,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,857	$164,742	-0.1%
Expenses	$184,491	$166,758	+0.1%
Net Income	$-39,634	$-2,016	+18.7%

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

Total Directors

$203,011

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON KIRCHHEVEL	FINANCIAL SECRETARY	5.00	Director	$0	$0	$0
JOE BRIGGS	PRESIDENT	1.00	Director	$0	$0	$0
RON MCCORMICK	VICE PRESIDENT	1.00	Director	$0	$0	$0
DOUG BROWN	RECORDING SECRETARY	1.00	Director	$0	$0	$2,093
KURT BROWN	MEMBER	1.00	Director	$0	$0	$2,185
DALE HUDSON	MEMBER	1.00	Director	$0	$0	$0
JASON GRIESEMER	FINANCIAL SECRETARY	5.00	Director	$0	$65,480	$198,733

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	$144,857	$184,491	$1,389,141	$-39,634
2024	$164,742	$166,758	$1,428,775	$-2,016
2023	$165,057	$174,164	$1,430,791	$-9,107
2022	$150,180	$169,096	$1,439,898	$-18,916
2021	$164,276	$219,442	$1,458,814	$-55,166
2020	$157,033	$145,878	$1,513,980	$11,155
2019	$150,017	$136,044	$1,502,825	$13,973
2018	$144,916	$139,205	$1,488,852	$5,711

SHEET METAL WORKERS LOCAL NO 3 BUILDING CORPORATION