KENTUCKY SHEET METAL CONTRACTORS ASSOCIATION - INDUSTRY FUND (EIN 616037340) - 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

1966

Legal Domicile

Principal Officer

DENNY HERBERGER

Phone

5026362556

Tax Period

2025-01-01 to 2025-12-31

KENTUCKY SHEET METAL CONTRACTORS ASSOCIATION - INDUSTRY FUND, founded in 1966, is a small nonprofit that reported $460K in total revenue in fiscal year 2025. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $110K, a strong 24% operating margin.

Mission

TO PROMOTE PROGRAMS OF EDUCATION, TRAINING, RESEARCH AND DEVELOPMENT, NEGOTIATION AND ADMINISTRATION OF COLLECTIVE BARGAINING AGREEMENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $435,922

Investment Income $33,609

Other Revenue $-9,438

TOTAL REVENUE $460,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $350,020

TOTAL EXPENSES $350,020

Year-over-Year Comparison

	2025	2024	Change
Revenue	$460,093	$576,763	-0.2%
Expenses	$350,020	$309,414	+0.1%
Net Income	$110,073	$267,349	-0.6%

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

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
BILL MERRICK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AARON DUVALL	DIRECTOR	1.00	Director	$0	$0	$0
DAN HERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DENNY HERBERGER	PRESIDENT	10.00	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	$460,093	$350,020	$1,354,976	$110,073
2024	No data	No data	No data	No data
2023	$481,619	$223,692	$974,974	$257,927
2022	$311,226	$238,392	$706,801	$72,834
2021	$284,225	$237,312	$657,231	$46,913
2020	$294,384	$272,580	$613,333	$21,804

KENTUCKY SHEET METAL CONTRACTORS ASSOCIATION - INDUSTRY FUND