SHEET METAL WORKERS INTL ASSN LOCA… - 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

1888

Legal Domicile

Principal Officer

THOMAS M THORNE

Phone

9012787288

Tax Period

2025-01-01 to 2025-12-31

SHEET METAL WORKERS INTL ASSN LOCAL 4, founded in 1888, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2025. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 6% surplus.

Mission

UNION ORGAINIZATION WHICH OVERSEES UNION ACTIVITIES INCLUDING COLLECTING DUES, UNION REPRESENTATION, AND OTHER UNION ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $170,777

PENSION PLAN CONTRIBUTIONS/PER CAPITA UNION ASSESSMENTS

Program 2

Expenses: $84,139

UNION ACTIVITIES INCLUDING MEETINGS MARKET RECOVERY

Program 3

Expenses: $466,646

UNION OFFICE ACTIVITIES, PAYROLL EXPENSE, INSURANCE EXPENSE, PER CAPITAL EXPENSE, CONTRIBUTIONS, GENERAL OVERHEAD

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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 $1,387,578

Program Service Revenue $0

Investment Income $13,944

Other Revenue $1,216

TOTAL REVENUE $1,402,738

Expense Breakdown

Grants Paid $3,600

Salaries & Benefits $397,997

Fundraising Expenses $0

Program Expenses $984,266

Other Expenses $752,130

TOTAL EXPENSES $1,324,504

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,402,738	$3,053,604	-0.5%
Expenses	$1,324,504	$1,407,639	-0.1%
Net Income	$78,234	$1,645,965	-1.0%

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

$197,884

Total Directors

$92,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS M THORNE	BUS MGR/ FIN	40.00	Officer	$104,943	$0	$104,943
JAMES P BUNTING	VP-REC SEC	1.00	Director	$0	$0	$0
TONY SANDERS	E-BOARD	1.00	Director	$0	$0	$0
PAT MCCARVER	TRUSTEE	1.00	Director	$0	$0	$0
ERIC WALKER	TRUSTEE	1.00	Director	$0	$0	$0
DOUG STEWART	CONDUCTER-WA	1.00	Director	$0	$0	$0
JEREMY MORROW	ORGANIZER	40.00	Officer	$92,941	$0	$92,941
JAMES E JONES	PRESIDENT	1.00	Officer	$0	$0	$0
LAMAR HEGWOOD	E-BOARD	1.00	Director	$0	$0	$0
THOMAS BEAVER	TRUSTEE	1.00	Director	$0	$0	$0
PETER GREGORY	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WATSON	CONDUCTOR-WA	1.00	Director	$0	$0	$0
JAMES MOON	E-BOARD	1.00	Director	$0	$0	$0
CORY SMITH	E-BOARD	40.00	Director	$92,941	$0	$92,941

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	$1,402,738	$1,324,504	$3,768,534	$78,234
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