SHEET METAL INDUSTRY FUND OF SOUTH… - 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

Formation Year

1962

Legal Domicile

Principal Officer

BRUCE MIDDLETON

Phone

5629446345

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL INDUSTRY FUND OF SOUTHERN CALIFORNIA, founded in 1962, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 3% surplus.

Mission

TO COORDINATE INFORMATION SERVICES FOR THE SHEET METAL AND AIR CONDITIONING INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $3,314,216

ASSESSMENTS ARE COLLECTED FROM MEMBER CONTRACTORS IN ACCORDANCE WITH UNION CONTRACTS. FUNDS ARE USED TO REIMBURSE PUBLICATION EXPENSES AS WELL AS OTHER ACTIVITIES FOR WHICH THE ORGANIZATION WAS...

ASSESSMENTS ARE COLLECTED FROM MEMBER CONTRACTORS IN ACCORDANCE WITH UNION CONTRACTS. FUNDS ARE USED TO REIMBURSE PUBLICATION EXPENSES AS WELL AS OTHER ACTIVITIES FOR WHICH THE ORGANIZATION WAS FORMED AND GRANTED TAX EXEMPT STATUS.

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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 $3,394,263

Investment Income $72,935

Other Revenue $0

TOTAL REVENUE $3,467,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,314,216

Other Expenses $3,362,878

TOTAL EXPENSES $3,362,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,467,198	$3,002,145	+0.2%
Expenses	$3,362,878	$2,921,986	+0.2%
Net Income	$104,320	$80,159	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE MIDDLETON	CHAIRMAN	2.00	Director	$0	$0	$0
DENNY CAGAMPAN III	TRUSTEE	2.00	Director	$0	$0	$0
JOHN COUTS	TRUSTEE	2.00	Director	$0	$0	$0
CARMEN KOO	TRUSTEE	2.00	Director	$0	$0	$0
TAYLOR MORTENSEN	TRUSTEE	2.00	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	$3,467,198	$3,362,878	$1,454,994	$104,320
2024	$3,002,145	$2,921,986	$1,370,674	$80,159
2023	$2,849,765	$2,813,143	$1,290,515	$36,622
2022	$2,983,926	$2,933,772	$1,253,893	$50,154
2021	$3,343,796	$3,219,889	$1,203,739	$123,907
2020	$3,228,043	$3,155,761	$1,079,832	$72,282
2019	$2,932,395	$2,880,188	$1,007,550	$52,207

SHEET METAL INDUSTRY FUND OF SOUTHERN CALIFORNIA