SHEET METAL WORKERS LOCAL 100 SCHOLARSHIP TRUST FUND (EIN 526538598) - 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

1992

Legal Domicile

Principal Officer

RICHARD LABILLIE III

Phone

3015688655

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL 100 SCHOLARSHIP TRUST FUND, founded in 1992, is a small nonprofit in the Unknown sector that reported $134K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $151K exceeded revenue, resulting in a 13% operating deficit.

Mission

AWARD SCHOLARSHIPS FOR SECONDARY EDUCATION TO CHILDREN OF UNION MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $124,239

Investment Income $5,993

Other Revenue $3,300

TOTAL REVENUE $133,532

Expense Breakdown

Grants Paid $148,071

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $148,071

Other Expenses $2,839

TOTAL EXPENSES $150,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,532	$153,067	-0.1%
Expenses	$150,910	$126,756	+0.2%
Net Income	$-17,378	$26,311	-1.7%

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

$235,874

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD LABILLE III	TRUSTEE	0.25	Director	$0	$74,411	$235,874
KATHY BIGELOW	TRUSTEE	0.25	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	No data	No data	No data	No data
2023	$133,532	$150,910	$690,479	$-17,378
2022	$153,067	$126,756	$659,775	$26,311
2021	$160,515	$137,959	$730,691	$22,556
2020	$144,261	$117,304	$749,078	$26,957
2018	$131,017	$70,182	$635,665	$60,835

SHEET METAL WORKERS LOCAL 100 SCHOLARSHIP TRUST FUND