Alaska Sheetmetal Industry Fund
Alaska Sheetmetal Industry Fund maintains stable finances with consistent asset growth and no reported officer compensation.
EIN: 202011656 · Anchorage, AK · NTEE: S41 · Updated: 2026-03-28
Is Alaska Sheetmetal Industry Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alaska Sheetmetal Industry Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alaska Sheetmetal Industry Fund
Alaska Sheetmetal Industry Fund (EIN: 202011656) is a nonprofit organization based in Anchorage, AK, classified under NTEE code S41. The organization reported total revenue of $151K and total assets of $707K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alaska Sheetmetal Industry Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alaska Sheetmetal Industry Fund is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $135K |
| Surplus / Deficit | $-4,034 |
| Total Assets | $631K |
| Total Liabilities | $2K |
| Net Assets | $628K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 56.2 months |
Financial Health Grade: B
In 2023, Alaska Sheetmetal Industry Fund reported a deficit of $4K with expenses exceeding revenue, holds 56.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alaska Sheetmetal Industry Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +22.7% | +7.4% |
| 2022 | +16.0% | +15.6% | -7.6% |
| 2021 | +2.8% | +23.0% | +7.1% |
| 2020 | -11.2% | -20.1% | +11.8% |
| 2019 | +4.9% | +3.8% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alaska Sheetmetal Industry Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Alaska Sheetmetal Industry Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alaska Sheetmetal Industry Fund's IRS 990 filings:
- Slight operational deficit in the most recent period (202312: Expenses $134,701 > Revenue $130,667)
Strengths
The following positive indicators were identified for Alaska Sheetmetal Industry Fund:
- Consistent asset growth over the past decade (from $378,373 in 2014 to $706,721 currently)
- 0% reported officer compensation across all filings, indicating high efficiency
- High percentage of spending directed towards program services
- Strong financial stability with low liabilities
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Alaska Sheetmetal Industry Fund
Is Alaska Sheetmetal Industry Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Alaska Sheetmetal Industry Fund (EIN: 202011656) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Alaska Sheetmetal Industry Fund spend its money?
Alaska Sheetmetal Industry Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alaska Sheetmetal Industry Fund tax-deductible?
Alaska Sheetmetal Industry Fund is registered as a tax-exempt nonprofit (EIN: 202011656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Alaska Sheetmetal Industry Fund a good charity?
Based on its financial data, the Alaska Sheetmetal Industry Fund appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a high percentage of spending directed towards its programs, with no reported officer compensation.
How has the organization's financial health changed over the past decade?
The organization's financial health has steadily improved over the past decade. Assets have nearly doubled from $378,373 in 2014 to $706,721 currently, indicating strong financial management and growth in reserves.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly efficient model where leadership is likely volunteer-based or compensated through non-officer channels, maximizing funds for its mission.
Does the organization have significant liabilities?
No, the organization generally has very low liabilities. Most filings show $0 in liabilities, with the latest filing reporting only $2,388, which is negligible compared to its assets of $706,721.
How efficient is the organization's spending?
The organization demonstrates high spending efficiency, with an estimated 90% of its expenses directed towards program services, indicating a strong focus on its mission.
Filing History
IRS 990 filing history for Alaska Sheetmetal Industry Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alaska Sheetmetal Industry Fund's revenue has grown by 23.1%, moving from $106K to $131K. Total assets increased by 77.9% over the same period, from $355K to $631K. Total functional expenses rose by 63.3%, from $83K to $135K. In its most recent filing year (2023), Alaska Sheetmetal Industry Fund reported a deficit of $4K, with expenses exceeding revenue. The organization holds $2K in liabilities against $631K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $628K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $135K | $631K | $2K | — | — |
| 2022 | $119K | $110K | $587K | $0 | — | View 990 |
| 2021 | $102K | $95K | $635K | $0 | — | — |
| 2020 | $100K | $77K | $593K | $0 | — | — |
| 2019 | $112K | $97K | $531K | $0 | — | View 990 |
| 2018 | $107K | $93K | $475K | $0 | — | View 990 |
| 2017 | $96K | $88K | $477K | $0 | — | View 990 |
| 2016 | $99K | $99K | $444K | $0 | — | View 990 |
| 2015 | $106K | $98K | $391K | $0 | — | View 990 |
| 2014 | $101K | $93K | $378K | $0 | — | View 990 |
| 2013 | $94K | $78K | $371K | $0 | — | View 990 |
| 2012 | $97K | $97K | $355K | $0 | — | View 990 |
| 2011 | $106K | $83K | $355K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $135K, and assets of $631K (revenue +10.0% year-over-year).
- 2022: Revenue of $119K, expenses of $110K, and assets of $587K (revenue +16.0% year-over-year).
- 2021: Revenue of $102K, expenses of $95K, and assets of $635K (revenue +2.8% year-over-year).
- 2020: Revenue of $100K, expenses of $77K, and assets of $593K (revenue -11.2% year-over-year).
- 2019: Revenue of $112K, expenses of $97K, and assets of $531K (revenue +4.9% year-over-year).
- 2018: Revenue of $107K, expenses of $93K, and assets of $475K (revenue +12.0% year-over-year).
- 2017: Revenue of $96K, expenses of $88K, and assets of $477K (revenue -3.4% year-over-year).
- 2016: Revenue of $99K, expenses of $99K, and assets of $444K (revenue -6.3% year-over-year).
- 2015: Revenue of $106K, expenses of $98K, and assets of $391K (revenue +5.0% year-over-year).
- 2014: Revenue of $101K, expenses of $93K, and assets of $378K (revenue +7.1% year-over-year).
- 2013: Revenue of $94K, expenses of $78K, and assets of $371K (revenue -3.1% year-over-year).
- 2012: Revenue of $97K, expenses of $97K, and assets of $355K (revenue -8.8% year-over-year).
- 2011: Revenue of $106K, expenses of $83K, and assets of $355K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alaska Sheetmetal Industry Fund:
Data Sources and Methodology
This transparency report for Alaska Sheetmetal Industry Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.