SHEET METAL WORKERS' LOCAL 100 APP… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

RICHARD LABILLE III

Phone

3015698865

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS' LOCAL 100 APPRENT TRUST FUND OF THE WASH DC AREA, founded in 1990, is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $926K, a strong 32% operating margin.

Mission

THE FUND PROVIDES APPRENTICESHIP TRAINING AND RELATED EDUCATION BENEFITS FOR ELIGIBLE MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $1,546,806 Revenue: $2,906,335

THE TRAINING AND EDUCATION OF APPRENTICE SHEET METAL WORKERS THROUGH CLASSROOM AND ON THE JOB TRAINING.

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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 $2,906,335

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,906,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,164,228

Fundraising Expenses $0

Program Expenses $1,546,806

Other Expenses $816,450

TOTAL EXPENSES $1,980,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,906,335	$2,646,546	+0.1%
Expenses	$1,980,678	$2,246,774	-0.1%
Net Income	$925,657	$399,772	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD D LABILLE III	UNION TRUSTEE	2.00	Director	$0	$0	$0
TIM ALEY	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
IAN DUCKWORTH	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN DUMLER	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL GAWNE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
TOM TICE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
WARREN HACKLEY	UNION TRUSTEE (P)	2.00	Director	$0	$0	$0
MICHAEL MAHAR	UNION TRUSTEE	2.00	Director	$0	$0	$0
ROLANDO MONTOYA	UNION TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL NOBLE	UNION TRUSTEE	2.00	Director	$0	$0	$0
CHUCK SEWELL	UNION TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY MURPHY	TRAINING DIRECTOR	40.00	Highest	$128,904	$47,526	$176,430
VICTOR CHAMPION	EMPLOYEE	40.00	Highest	$134,523	$42,390	$176,913
ROBERT FOREST JR BENNETT	EMPLOYEE	40.00	Highest	$112,397	$42,390	$154,787
DAVID TIPPETT	EMPLOYEE	40.00	Highest	$131,085	$42,390	$173,475

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	$2,906,335	$1,980,678	$7,225,757	$925,657
2024	No data	No data	No data	No data
2023	$2,807,166	$2,714,068	$5,867,764	$93,098
2022	$2,922,337	$2,411,033	$4,845,265	$511,304
2021	$2,925,987	$2,286,133	$4,403,463	$639,854
2020	$2,741,227	$1,833,614	$3,672,239	$907,613
2019	$2,549,287	$1,723,728	$2,735,741	$825,559
2018	$2,247,629	$1,523,049	$1,980,482	$724,580

SHEET METAL WORKERS' LOCAL 100 APPRENT TRUST FUND OF THE WASH DC AREA