SHEET METAL AND AIR COND TRADES INDUSTRY (EIN 860182197) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

CAROL GOGUEN

Phone

6027340214

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL AND AIR COND TRADES INDUSTRY, founded in 1962, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 67% operating margin.

Mission

INDUSTRY PROMOTION & EDUCATION

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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 $1,844,120

Investment Income $102,082

Other Revenue $0

TOTAL REVENUE $1,946,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,121

Fundraising Expenses $0

Program Expenses $449,104

Other Expenses $567,990

TOTAL EXPENSES $645,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,946,202	$1,357,271	+0.4%
Expenses	$645,111	$440,032	+0.5%
Net Income	$1,301,091	$917,239	+0.4%

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

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

$54,542

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL GOGUEN	EXEC DIRECTOR	40.00	Officer	$54,542	$0	$54,542
NICK GANEM	Trustee	0.00	Director	$0	$0	$0
ALLEN HENDRIX	Trustee	0.00	Director	$0	$0	$0
MIKE DAUGHERTY	Trustee	0.00	Director	$0	$0	$0
JIM DINAN	President	0.00	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
2024	$1,946,202	$645,111	$3,338,086	$1,301,091
2023	$1,357,271	$440,032	$2,002,246	$917,239
2022	$694,871	$296,772	$1,035,632	$398,099
2021	$462,559	$274,358	$695,485	$188,201
2020	$451,289	$277,266	$496,097	$174,023
2019	$370,783	$281,449	$308,403	$89,334

SHEET METAL AND AIR COND TRADES INDUSTRY