SHEET METAL WORKERS LOCAL UNION 23 (EIN 920021769) - 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

1955

Legal Domicile

Principal Officer

RANDY GOLDING

Phone

9072775313

Tax Period

2020-01-01 to 2020-05-31

SHEET METAL WORKERS LOCAL UNION 23, founded in 1955, is a small nonprofit that reported $299K in total revenue in fiscal year 2020. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $342K exceeded revenue, resulting in a 14% operating deficit.

Mission

LABOR UNION

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $298,006

Investment Income $493

Other Revenue $476

TOTAL REVENUE $298,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,617

Fundraising Expenses $0

Other Expenses $122,257

TOTAL EXPENSES $341,874

Year-over-Year Comparison

	2020	2019	Change
Revenue	$298,975	$777,937	-0.6%
Expenses	$341,874	$625,612	-0.5%
Net Income	$-42,899	$152,325	-1.3%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$157,376

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD TUOMI	PRESIDENT	1.00	Officer	$0	$0	$0
BRIAN JOHNSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
NICHOLAS JOHNSON	RECORDING SE	1.00	Officer	$0	$0	$0
RANDY GOLDING	FINANCIAL SE	40.00	Officer	$52,284	$28,302	$80,586
JENS SCHURIG	WARDEN/CONDU	40.00	Officer	$48,040	$27,200	$75,240
RANDY RENKERT	EXECUTIVE BO	1.00	Officer	$0	$0	$0
MARK HODL	EXECUTIVE BO	1.00	Officer	$0	$0	$0
MELANIE BENERTH	TRUSTEE	1.00	Officer	$338	$306	$644
MATTHEW PERRY	TRUSTEE	1.00	Officer	$573	$333	$906
JOEL SIMPSON	TRUSTEE	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
2020	$298,975	$341,874	No data	$-42,899
2019	$777,937	$625,612	$787,425	$152,325

SHEET METAL WORKERS LOCAL UNION 23