SHEET METAL INDUSTRY FUND OF THE TRI- COUNTIES INC

EIN: 770304136

VENTURA, CA

Total Revenue
$466,556
Total Expenses
$387,408
Total Assets
$31,643
Net Assets
$31,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
BRIAN HILL
Phone
8056424796
Tax Period
2024-11-01 to 2025-10-31

SHEET METAL INDUSTRY FUND OF THE TRI- COUNTIES INC, founded in 1991, is a small nonprofit that reported $467K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $79K, a strong 17% operating margin.

Mission

THE PRIMARY, SPECIFIC PURPOSE OF THIS CORPORATION IS TO ESTABLISH, CONDUCT OR PARTICIPATE IN SUCH EDUCATIONAL PROGRAMS FOR EMPLOYERS AND EMPLOYEES IN THE SHEET METAL AND AIR CONDITIIONING INDUSTRY, AND THE GENERAL PUBLIC, WITH RESPECT TO NEW TECHNIQUES, IDEAS AND METHODS WHICH WILL IMPROVE THE INDUSTRY AND INCREASE THE CONTRIBUTION THAT THE INDUSTRY CAN MAKE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES ITS PROGRAM AND FURTHER EDUCATES EMPLOYERS AND EMPLOYEES TO PROMOTE HARMONY BETWEEN THEM. THE ORGANIZATION STUDIES, FURTHER EDCUATES AND IMPLEMENTS ITS PROGRAM TO MAKE THE...

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THE ORGANIZATION PROVIDES ITS PROGRAM AND FURTHER EDUCATES EMPLOYERS AND EMPLOYEES TO PROMOTE HARMONY BETWEEN THEM. THE ORGANIZATION STUDIES, FURTHER EDCUATES AND IMPLEMENTS ITS PROGRAM TO MAKE THE INDUSTRY OF GREATER SERVICE TO THE PUBLIC WHILE ENGAGING IN ACTIVITIES ADVANCING THE COMMON PINCIPLE OF UNIONS AND EMPLOYERS AND AVOIDING LABOR DISPUTERS AND WORK STOPPAGE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $466,554
Investment Income $2
Other Revenue $0
TOTAL REVENUE $466,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $387,408
TOTAL EXPENSES $387,408

Year-over-Year Comparison

2024 2023 Change
Revenue $466,556 $427,902 +0.1%
Expenses $387,408 $453,768 -0.1%
Net Income $79,148 $-25,866 -4.1%
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

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Governance

Voting Members
5
Independent Members
5
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
5
$442,350
Total Directors
7
$442,350
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STAN CAPELLI Executive VP 8.00
Officer Director
$0 $91,279 $442,350
TOM REED President 1.00
Officer Director
$0 $0 $0
ROSS LORENCZ Secretary 1.00
Officer Director
$0 $0 $0
STEVE BONESO Treasurer 1.00
Officer Director
$0 $0 $0
HECTOR VARGAS Director 1.00
Director
$0 $0 $0
TODD HENARD Director 1.00
Director
$0 $0 $0
BRIAN HILL Executive VP 8.00
Officer 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 $466,556 $387,408 $31,643 $79,148
2024 $427,902 $453,768 $34,372 $-25,866
2023 $455,284 $449,368 $36,806 $5,916
2022 $443,908 $437,075 $35,274 $6,833
2021 $407,613 $395,021 $31,630 $12,592
2020 $381,131 $401,744 $29,381 $-20,613
2019 $364,281 $363,854 $30,046 $427
2018 $348,705 $397,666 $31,495 $-48,961
2018 $348,705 $396,467 $31,495 $-47,762
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