Sheet Metal Workers Local 177 (EIN 620314194) - 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

1934

Legal Domicile

Principal Officer

Luther Tate

Phone

6152920587

Tax Period

2023-01-01 to 2023-12-31

Sheet Metal Workers Local 177, founded in 1934, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $288K, a strong 22% operating margin.

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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 $1,222,321

Program Service Revenue $0

Investment Income $1,490

Other Revenue $92,497

TOTAL REVENUE $1,316,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,302

Fundraising Expenses $0

Other Expenses $675,657

TOTAL EXPENSES $1,027,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,316,308	$1,117,124	+0.2%
Expenses	$1,027,959	$1,038,985	0.0%
Net Income	$288,349	$78,139	+2.7%

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

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

$124,643

Total Directors

$2,635

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Easley	Former financial secretary / treasurer	40.00	Director	$0	$0	$0
Steven H Goolsby	Former President	40.00	Director	$0	$0	$0
Marty Corlew	Vice President	2.00	Director	$0	$0	$0
Paul McKnight	Recording Secretary	2.00	Director	$0	$0	$0
David Tolbert	Director	2.00	Director	$0	$0	$0
Lance LaRue	Director	2.00	Director	$0	$0	$0
Jason Street	President	2.00	Director	$2,635	$0	$2,635
Luther Tate	Financial/secretary treasurer and Business Manager	40.00	Officer	$82,753	$41,890	$124,643
David Davis	Director	2.00	Director	$0	$0	$0
James Webb	Director	2.00	Director	$0	$0	$0
Christopher Davis	Trustee	0.00	Director	$0	$0	$0
Chris Tomaszewski	Trustee	0.00	Director	$0	$0	$0
William Scott	Trustee	0.00	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	$1,316,308	$1,027,959	$1,340,238	$288,349
2023	$1,316,308	$1,027,959	$1,340,238	$288,349
2022	$1,117,124	$1,038,985	$1,047,209	$78,139
2021	$946,774	$884,698	$959,419	$62,076
2020	$900,178	$755,916	$898,974	$144,262

Sheet Metal Workers Local 177