WESTERN WASHINGTON SHEET METAL INDUSTRY FUND (EIN 916087551) - 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

1957

Legal Domicile

Principal Officer

JULIE MULLER

Phone

4252895010

Tax Period

2023-01-01 to 2023-12-31

WESTERN WASHINGTON SHEET METAL INDUSTRY FUND, founded in 1957, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Expenses of $3.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE PROGRAMS AND ACTIVITIES FOR THE PROMOTION OF THE SHEET METAL INDUSTRY.

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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 $2,537,941

Program Service Revenue $0

Investment Income $155,034

Other Revenue $-55,487

TOTAL REVENUE $2,637,488

Expense Breakdown

Grants Paid $92,688

Salaries & Benefits $630,575

Fundraising Expenses $0

Other Expenses $2,319,229

TOTAL EXPENSES $3,042,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,637,488	$2,724,988	0.0%
Expenses	$3,042,492	$2,802,427	+0.1%
Net Income	$-405,004	$-77,439	+4.2%

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

250

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

$377,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MONTGOMERY	PAST PRESIDENT/CHAPTER COU	1.00	Director	$0	$0	$0
BRIAN FLUETSCH	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HERMANSON	BOARD MEMBER EMERITUS	1.00	Director	$0	$0	$0
RYLAN MACCAY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JOHANSEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HAPPE	DIRECTOR	1.00	Director	$0	$0	$0
BJ GIRI	PRESIDENT	1.00	Officer	$0	$0	$0
RUSS KIMBALL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JULIE MULLER	EXECUTIVE VICE PRESIDENT	40.00	Officer	$292,285	$85,223	$377,508
BRENT WYMAN	SECRETARY-TREASURER	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
2024	No data	No data	No data	No data
2023	$2,637,488	$3,042,492	$5,826,706	$-405,004
2022	$2,724,988	$2,802,427	$5,901,994	$-77,439
2021	$2,915,507	$2,796,359	$6,970,424	$119,148
2020	$2,471,893	$1,757,925	$6,777,464	$713,968
2019	$3,113,562	$2,413,036	$5,440,869	$700,526
2018	$2,971,603	$2,202,522	$4,600,571	$769,081

WESTERN WASHINGTON SHEET METAL INDUSTRY FUND