SHEET METAL WORKERS LOCAL 58 BUILD… - 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

2018

Legal Domicile

Principal Officer

MICHAEL P MORAN

Phone

3154724411

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS LOCAL 58 BUILDING CORPORATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $156K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 38% operating margin.

Mission

OWNERSHIP OF BUILDING FOR RENTAL BY UNION AND RELATED BENEFIT FUNDS TO PROVIDE OFFICE SPACE FOR EMPLOYEES AND CLASSROOM AND MEETING SPACE FOR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $9,759

RENTAL OF BUILDING TO UNION AND RELATED FUNDS FOR MEETINGS AND ADMINISTRATIVE FUNCTIONS.

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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 $0

Program Service Revenue $156,493

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,759

Other Expenses $97,591

TOTAL EXPENSES $97,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,493	$152,124	+0.0%
Expenses	$97,591	$94,170	+0.0%
Net Income	$58,902	$57,954	+0.0%

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

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

$168,183

Total Directors

$508,772

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MORAN	DIRECTOR	1.00	Officer Director	$0	$56,945	$168,183
MICHAEL DIBERARDINO	DIRECTOR	1.00	Director	$0	$0	$1,555
JEFFREY FOSTER	DIRECTOR	1.00	Director	$0	$56,578	$165,431
KEVIN CROSSETT	DIRECTOR	1.00	Director	$0	$0	$3,896
CRAIG AVERY	DIRECTOR	1.00	Director	$0	$0	$602
EDWARD GREEAN JR	DIRECTOR	1.00	Director	$0	$0	$629
RICHARD KORTE	DIRECTOR	1.00	Director	$0	$0	$629
MARK LIQUORI	DIRECTOR	1.00	Director	$0	$0	$595
CHRISTOPHER SCOTT	DIRECTOR	1.00	Director	$0	$0	$602
JASON FOIL	DIRECTOR	1.00	Director	$0	$0	$583
CHARLES SOULIER	DIRECTOR	1.00	Director	$0	$0	$629
MARK BUZA	DIRECTOR	1.00	Director	$0	$56,579	$165,438
DAVID RENSHAW	DIRECTOR	1.00	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
2024	$156,493	$97,591	$883,385	$58,902
2023	$152,124	$94,170	$881,015	$57,954
2022	$147,688	$96,711	$878,529	$50,977
2021	$133,052	$96,226	$881,934	$36,826
2020	$121,621	$103,204	$895,949	$18,417
2019	$8,215	$56,317	$889,846	$-48,102

SHEET METAL WORKERS LOCAL 58 BUILDING CORPORATION