Sheet Metal Air Rail and Transportation Works Local Union 359

EIN: 866052632 Employment

Phoenix, AZ

Total Revenue
$7,506,518
Total Expenses
$4,552,754
Total Assets
$18,469,609
Net Assets
$15,869,320
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
AZ
Principal Officer
Board of Trustees
Phone
6022731388
Tax Period
2025-01-01 to 2025-12-31

Sheet Metal Air Rail and Transportation Works Local Union 359, founded in 1937, is a community nonprofit in the Employment sector that reported $7.5M in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $3.0M, a strong 39% operating margin.

Mission

The International Association of Sheet Metal, Air, Rail, and Transportation Workers Local 359 exists to lead the way in HVAC, Architectural and Manufacturing industries through innovation, ingenuity and superior training programs while striving constantly to elevate the skills, productivity and professionalism of our membership through education as well as pursuing fair wages and insurance benefits resulting in retirement with dignity for all workers.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,997,280
Investment Income $408,032
Other Revenue $101,206
TOTAL REVENUE $7,506,518

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,663,319
Fundraising Expenses $0
Other Expenses $2,889,435
TOTAL EXPENSES $4,552,754

Year-over-Year Comparison

2025 2024 Change
Revenue $7,506,518 $8,571,107 -0.1%
Expenses $4,552,754 $4,594,053 0.0%
Net Income $2,953,764 $3,977,054 -0.3%
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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Governance

Voting Members
13
Independent Members
13
Employees
9
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
13
$796,282
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF HOLLY Bus. Mgn/Tres 39.00
Officer
$146,821 $62,504 $209,325
Luke Kasper Business Rep 1.00
Officer
$140,820 $61,484 $202,304
Alberto Villalpando Business Rep 1.00
Officer
$140,820 $61,484 $202,304
Fernando Lebron Business Rep 1.00
Officer
$140,848 $41,501 $182,349
Jacob Weeks Trustee 1.00
Director
$0 $0 $0
Kenny Guerrero Trustee 1.00
Director
$0 $0 $0
Andrew Portillo Trustee 1.00
Director
$0 $0 $0
Mark Long Trustee 1.00
Director
$0 $0 $0
Jose Luna Trustee 1.00
Director
$0 $0 $0
Robert Verdugo Sr President 1.00
Officer
$0 $0 $0
Anthony Sedillo Executive Board 1.00
Officer
$0 $0 $0
JOHN VERDUGO Vice President 1.00
Officer
$0 $0 $0
Dan Tash President/Exc B 1.00
Officer
$0 $0 $0
ALBERT BLANCO Recording Sec 1.00
Officer
$0 $0 $0
MICHAEL SAPIEN Executive Board 1.00
Officer
$0 $0 $0
Rudy Verdugo Warden/Conduct. 1.00
Officer
$0 $0 $0
Tamara Yazzie Executive Board 1.00
Officer
$0 $0 $0
Arnold Hernandez Executive Board 1.00
Officer
$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 $7,506,518 $4,552,754 $18,469,609 $2,953,764
2024 $8,571,107 $4,594,053 $15,621,108 $3,977,054
2023 $7,399,021 $3,725,433 $11,748,315 $3,673,588
2022 $4,502,263 $2,696,584 $6,309,135 $1,805,679
2021 $3,303,580 $2,625,343 $4,547,864 $678,237
2020 $3,580,110 $3,481,936 $3,951,927 $98,174
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