SHEET METAL WORKERS' LOCAL NO 88 (EIN 880029258) - 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

1942

Legal Domicile

Principal Officer

GEREMIAH ROBNETT

Phone

7024524799

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS' LOCAL NO 88, founded in 1942, is a community nonprofit in the Employment sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 32% operating margin.

Mission

UNIFY SHEET METAL WORKERS AND PROTECT THEIR INTERESTS AND WELL-BEING.

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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 $3,360,591

Investment Income $462,100

Other Revenue $346,907

TOTAL REVENUE $4,169,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,191,260

Fundraising Expenses $0

Other Expenses $1,640,659

TOTAL EXPENSES $2,847,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,169,598	$5,273,695	-0.2%
Expenses	$2,847,338	$2,692,016	+0.1%
Net Income	$1,322,260	$2,581,679	-0.5%

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

$538,541

Total Directors

$109,382

Key Employees

$179,935

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYRUM VALDEZ	PRESIDENT	2.00	Officer	$8,932	$2,187	$11,119
MICHAEL LONG	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JONATHAN URIARTE	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
JAMES MARTINEZ JR	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
RON SPEIGLE	EXECUTIVE BOARD	1.00	Director	$73,299	$36,083	$109,382
JOSEPH BOWN	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
PAUL MARINO	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
REGINALD MOOR	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
PAUL MARINO	EXECUTIVE BOARD	1.00	Director	$0	$0	$0
VINCENT AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
DANNY ROULEAU	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DIAZ	KEY EMPLOYEE	40.00	Key Emp	$133,288	$46,647	$179,935
BILL BENES	BUSINESS REPRESENTATIVE	40.00	Officer	$75,633	$31,927	$107,560
MARTY DICKERSON	WARDEN/CONDUCTOR	1.00	Director	$0	$0	$0
ALFONSO LOPEZ	ORGANIZER	40.00	Officer	$135,680	$67,379	$203,059
GEREMIAH ROBNETT	BUSINESS MANAGER/FST	40.00	Officer	$157,323	$59,480	$216,803

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	$4,169,598	$2,847,338	$14,857,647	$1,322,260
2023	$5,273,695	$2,692,016	$13,523,086	$2,581,679
2022	$4,693,540	$2,352,845	$10,927,080	$2,340,695
2021	$3,484,074	$2,822,437	$8,631,940	$661,637
2020	$4,067,794	$2,566,555	$7,962,196	$1,501,239
2019	$3,084,190	$2,587,292	$6,464,103	$496,898

SHEET METAL WORKERS' LOCAL NO 88