SMART LOCAL #124

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1900

Legal Domicile

Principal Officer

JERRY G HOVARTER

Phone

4052321453

Tax Period

2024-01-01 to 2024-12-31

SMART LOCAL #124, founded in 1900, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 14% surplus.

Mission

REALIZING THE ADVANTAGE AND NECESSITY OF COOPERATIVE EFFORT PROPERLY AND LEGALLY DIRECTED TO FULLY DEVELOP AND DEMONSTRATE THE POSSIBILITIES OF OUR TRADE IN THE VARIOUS FIELDS OF INDUSTRY AND TO PROTECT OUR RIGHTS IN CONNECTION THEREWITH, WE HEREBY PLEDGE OUR UNITED EFFORTS AND SUPPORT AS MEMBERS OF THE SHEET METAL, AIR, RAIL AND TRANSPORTAION WORKERS' INTERNATIONAL ASSOCIATION TO THE ACCOMPLISHMENT OF SAID PURPOSE.

Program Service Accomplishments

Program 1

UNION REPRESENTATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,163,290

Investment Income $25,209

Other Revenue $60,709

TOTAL REVENUE $1,249,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $466,997

Fundraising Expenses $0

Other Expenses $604,972

TOTAL EXPENSES $1,071,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,249,208	$1,099,904	+0.1%
Expenses	$1,071,969	$898,260	+0.2%
Net Income	$177,239	$201,644	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$296,488

Total Directors

$297,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEON H REAVES	PRESIDENT	10.00	Officer Director	$0	$0	$0
MARK C HENSLEY FORMER	VICE-PRESIDENT	44.00	Officer Director	$0	$63	$63
JERRY G HOVARTER	BUSINESS MGR/FINANCIAL SEC	44.00	Officer Director	$107,837	$60,631	$168,468
GARY L KIRK NEW	VICE-PRESIDENT	44.00	Officer Director	$1,580	$575	$2,155
FLOYD L WILLIAMS	EXECUTIVE BOARD	10.00	Director	$0	$0	$0
NEIL D COSGROVE FORMER	RECORDING SECRETARY	10.00	Officer Director	$1,287	$575	$1,862
CHARLES B RITTER JR	TRUSTEE	5.00	Director	$321	$0	$321
MICHAEL L WATSON	EXECUTIVE BOARD	10.00	Director	$0	$0	$0
CHRIS B LLOYD NEW	RECORDING SECRETARY	10.00	Officer Director	$0	$0	$0
ANDREW SHEPHERD	TRUSTEE	5.00	Director	$0	$0	$0
OSVALDO COVURRUBIAS	TRUSTEE/LOCAL ORGANIZER	44.00	Officer Director	$79,855	$44,085	$123,940
JOHN D GOOLSBY	TRUSTEE	5.00	Director	$342	$0	$342
TYLER R ALLEN FORMER	CONDUCTOR WARDEN	5.00	Director	$0	$0	$0
KEVIN J DANSBY NEW	CONDUCTOR WARDEN	5.00	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
2025	No data	No data	No data	No data
2024	$1,249,208	$1,071,969	$1,632,598	$177,239
2023	$1,099,904	$898,260	$1,447,483	$201,644
2022	$1,004,576	$1,017,165	$1,206,492	$-12,589
2021	$916,076	$989,808	$1,393,649	$-73,732
2020	$990,910	$1,033,873	$1,426,230	$-42,963
2019	$1,050,418	$1,037,360	$1,350,535	$13,058
2018	$1,228,841	$893,916	$1,414,789	$334,925