SHEET METAL WORKERS INTL ASSN LOCAL 4 (EIN 620354904) - 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

1905

Legal Domicile

Principal Officer

MIKE THORNE

Phone

9012787288

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS INTL ASSN LOCAL 4, founded in 1905, is a community nonprofit in the Employment sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 54% operating margin.

Mission

To provide benefits to union members through collective bargaining

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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 $3,045,615

Program Service Revenue $0

Investment Income $2,749

Other Revenue $5,240

TOTAL REVENUE $3,053,604

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $658,475

Fundraising Expenses $0

Program Expenses $1,295,925

Other Expenses $581,268

TOTAL EXPENSES $1,407,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,053,604	$1,667,012	+0.8%
Expenses	$1,407,639	$1,038,785	+0.4%
Net Income	$1,645,965	$628,227	+1.6%

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

573

Independent Members

564

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
JAMES BUNTING	VP-REC SEC	001.00	Director	$0	$0	$0
JASON MINK	TRUSTEE-E-BOARD	001.00	Director	$0	$0	$0
JAMES MOON	E-BOARD	001.00	Director	$0	$0	$0
PAT MCCARVER	TRUSTEE	001.00	Director	$0	$0	$0
ERIC WALKER	CONDUCTOR-WARDEN	001.00	Director	$0	$0	$0
TONY SANDERS	E-BOARD	001.00	Director	$0	$0	$0
ALEX RUBEN	TRUSTEE	001.00	Director	$0	$0	$0
EUGENE JEWELL	TRUSTEE	001.00	Director	$0	$0	$0
DOUG STEWART	CONDUCTER/WARDEN	001.00	Director	$0	$0	$0
MIKE THORNE	BUS MGR/FIN SEC	040.00	Officer Key Emp	$0	$0	$0
JEREMY MORROW	ORGANIZER	040.00	Officer	$0	$0	$0
CORY SMITH	ORGANIZER	040.00	Officer	$0	$0	$0
JOSH JONES	PRESIDENT	001.00	Officer	$0	$0	$0
LAURA COUCH	SECRETARY	040.00	Key Emp	$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	$3,053,604	$1,407,639	$3,664,701	$1,645,965
2023	$1,667,012	$1,038,785	$2,038,147	$628,227
2022	$851,659	$939,062	$1,431,523	$-87,403
2021	$822,541	$892,061	$1,540,529	$-69,520
2020	$836,689	$749,497	$1,631,652	$87,192
2019	$857,277	$865,586	$1,569,213	$-8,309
2018	$919,122	$891,447	$1,659,382	$27,675

SHEET METAL WORKERS INTL ASSN LOCAL 4