SHEET METAL WORKERS' INTERNATIONAL SCHOLARSHIP FUND (EIN 521581247) - 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

1988

Legal Domicile

Principal Officer

JOHN DANIEL

Phone

2026620858

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS' INTERNATIONAL SCHOLARSHIP FUND, founded in 1988, is a small nonprofit in the Education sector that reported $833K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $977K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO ITS MEMBERS OF THE INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL AND TRANSPORTATION WORKERS - SHEET METAL AND INDIVIDUALS WITHIN THEIR IMMEDIATE FAMILIES.

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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 $580,998

Investment Income $236,094

Other Revenue $15,787

TOTAL REVENUE $832,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,567

Fundraising Expenses $0

Program Expenses $902,169

Other Expenses $74,494

TOTAL EXPENSES $976,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$832,879	$912,043	-0.1%
Expenses	$976,663	$552,497	+0.8%
Net Income	$-143,784	$359,546	-1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COLEMAN	CHAIRPERSON OF BOARD	2.00	Officer Director	$0	$0	$0
GEORGE WELSCH	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ADAM PELLAR	SECRETARY OF BOARD	2.00	Officer Director	$0	$0	$0
TRENT TODD	UNION TRUSTEE	2.00	Director	$0	$0	$0
KURT MATTSON	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
LANCE DEYETTE	UNION TRUSTEE	2.00	Director	$0	$0	$0
JOHN DANIEL	PLAN ADMINISTRATOR	2.00	Officer	$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	$832,879	$976,663	$5,779,756	$-143,784
2024	$912,043	$552,497	$5,343,601	$359,546
2023	$727,655	$457,712	$4,992,355	$269,943
2022	$661,484	$838,392	$4,894,641	$-176,908
2021	$956,004	$450,158	$5,545,676	$505,846
2020	$737,890	$775,825	$4,832,110	$-37,935
2019	$760,219	$633,049	$4,818,406	$127,170
2018	$616,692	$688,911	$4,736,043	$-72,219

SHEET METAL WORKERS' INTERNATIONAL SCHOLARSHIP FUND