Sheet Metal Workers International … - 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

Phone

8019734804

Tax Period

2023-07-01 to 2024-06-30

Sheet Metal Workers International Association Local 312 is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 34% operating margin.

Mission

Chartered Local Union - Sheet Metal Workers

Program Service Accomplishments

Program 1

Organizing fund is used to establish and maintain organizing and promotional activities of the Union.

Program 2

Market recovery funds are used to encourage the use of union members on existing jobs and upcoming jobs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,551,371

Investment Income $351,043

Other Revenue $7,988

TOTAL REVENUE $2,910,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,073

Fundraising Expenses $0

Other Expenses $1,221,799

TOTAL EXPENSES $1,909,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,910,402	$2,236,149	+0.3%
Expenses	$1,909,872	$1,631,191	+0.2%
Net Income	$1,000,530	$604,958	+0.7%

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

N/A

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

$112,923

Total Directors

$148,511

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tony Ericksen	Business Mgr	40.00	Officer	$112,923	$0	$112,923
Cody Leamaster	Business Rep	40.00	Director	$104,229	$0	$104,229
Chris Bitton	Vice President	20.00	Director	$40,192	$0	$40,192
Will Mathews	President	1.00	Director	$4,090	$0	$4,090
Lucas Agee	Executive Board	0.00	Director	$0	$0	$0
Ryan Mortensen SR	Executive Board	0.00	Director	$0	$0	$0
Howard Baysinger	Executive Board	0.00	Director	$0	$0	$0
Andre Pratt	Trustee	0.00	Director	$0	$0	$0
Jason Morton	Executive Board	0.00	Director	$0	$0	$0
Stan Davis	Trustee	0.00	Director	$0	$0	$0
Ryan Mortensen JR	Trustee	0.00	Director	$0	$0	$0
Ian Smith	Warden	0.00	Director	$0	$0	$0
Todd Carter	Conductor	0.00	Director	$0	$0	$0
Jesse Warr	Recording Secr	0.00	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
2025	No data	No data	No data	No data
2024	$2,910,402	$1,909,872	$5,979,375	$1,000,530
2023	$2,236,149	$1,631,191	$4,979,437	$604,958
2022	$1,789,628	$1,640,684	$4,374,543	$148,944
2021	$2,167,569	$1,549,478	$4,223,726	$618,091

Sheet Metal Workers International Association Local 312