SHEET METAL INDUSTRY FUND OF HOUST… - 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

1961

Legal Domicile

Principal Officer

GLENN REX

Phone

2814404380

Tax Period

2020-01-01 to 2020-12-31

SHEET METAL INDUSTRY FUND OF HOUSTON, founded in 1961, is a small nonprofit that reported $129K in total revenue in fiscal year 2020. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 13% operating deficit.

Mission

SHEET METAL INDUSTRY FUND OF HOUSTON EXISTS TO PROMOTE THE SHEET METAL INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $4,692 Revenue: $129,084

TO PROMOTE THE SHEET METAL AND AIR CONDITIONINGASSOCIATION OF THE UNITED STATES THROUGH PERCAPITA FEES.

Program 2

Expenses: $137,650

TO TRANSFER FUNDS TO THE HOUSTON SHEET METALCONTRACTORS ASSOCIATION OPERATING FUND (A SEPARATETAX-EXEMPT ORGANIZATION) FOR PROMOTION OF THE SHEETMETAL AND AIR CONDITIONING INDUSTRY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $129,084

Investment Income $71

Other Revenue $0

TOTAL REVENUE $129,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,342

Other Expenses $145,442

TOTAL EXPENSES $145,442

Year-over-Year Comparison

	2020	2019	Change
Revenue	$129,155	$180,956	-0.3%
Expenses	$145,442	$200,771	-0.3%
Net Income	$-16,287	$-19,815	-0.2%

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

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
DAMON SCHILLER	TRUSTEE	2.00	Officer Director	$0	$0	$0
ELIZABETH CAMPO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICK BEELER	TREASURER	2.00	Director	$0	$0	$0
SHANE GIDSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
CURTIS HARBOUR	TRUSTEE	2.00	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
2020	$129,155	$145,442	$66,603	$-16,287
2019	$180,956	$200,771	$82,890	$-19,815
2018	$191,657	$219,048	$102,705	$-27,391

SHEET METAL INDUSTRY FUND OF HOUSTON