SHEET METAL CONTRACTORS INDUSTRY FUND OF SOUTHEASTERN NEW YORK (EIN 510173543) - 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

1975

Legal Domicile

Principal Officer

ALAN SEIDMAN

Phone

9145921776

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL CONTRACTORS INDUSTRY FUND OF SOUTHEASTERN NEW YORK, founded in 1975, is a small nonprofit that reported $661K in total revenue in fiscal year 2024. Expenses of $588K left a modest 11% surplus.

Mission

TO CONNECT CONSTRUCTION PROJECT OWNERS WITH RESPONSIBLE CONTRACTORS WHO HAVE DEMONSTRATED THE ABILITY TO COMPLETE PROJECTS ON TIME AND WITHIN BUDGET AND TO PROVIDE CONTRACTORS WITH THE RESOURCES, SKILLS, AND SUPPORT THEY NEED TO BE COMPETITIVE IN THE 21ST CENTURY CONSTRUCTION BUSINESS.

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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 $661,049

Investment Income $313

Other Revenue $0

TOTAL REVENUE $661,362

Expense Breakdown

Grants Paid $17,225

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $570,408

TOTAL EXPENSES $587,633

Year-over-Year Comparison

	2024	2023	Change
Revenue	$661,362	$626,303	+0.1%
Expenses	$587,633	$686,502	-0.1%
Net Income	$73,729	$-60,199	-2.2%

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

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

$21,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SEIDMAN	EXEC. VICE P	5.00	Officer	$0	$0	$0
WILLIAM HASKEL	TREASURER	2.00	Director	$0	$0	$9,347
DANIEL C HARDEN	TRUSTEE	2.00	Director	$750	$0	$1,500
DENNIS LAVOPA	TRUSTEE	2.00	Director	$750	$0	$750
RICHARD K BERG	TRUSTEE	2.00	Director	$0	$0	$0
WALTER GREENWOOD	TRUSTEE	2.00	Director	$750	$0	$9,959

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	No data	No data	No data	No data
2024	$661,362	$587,633	$368,822	$73,729
2023	$626,303	$686,502	$295,093	$-60,199
2022	$608,900	$490,477	$355,292	$118,423
2021	$571,354	$765,590	$236,869	$-194,236
2020	$593,981	$533,025	$431,105	$60,956
2019	$685,292	$726,697	$370,149	$-41,405
2018	$1,195,935	$512,772	$411,554	$683,163

SHEET METAL CONTRACTORS INDUSTRY FUND OF SOUTHEASTERN NEW YORK