Sheet Metal Industry Labor Management Cooperation Fund
Sheet Metal Industry Labor Management Cooperation Fund shows volatile financial performance with no reported executive compensation.
EIN: 20650735 · Chantilly, VA · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $651K |
| Program Spending | 80% |
| Net Assets | $955K |
| Transparency Score | 75/100 |
Is Sheet Metal Industry Labor Management Cooperation Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheet Metal Industry Labor Management Cooperation Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Industry Labor Management Cooperation Fund
Sheet Metal Industry Labor Management Cooperation Fund (EIN: 20650735) is a nonprofit organization based in Chantilly, VA, classified under NTEE code J40. The organization reported total revenue of $2.1M and total assets of $889K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Industry Labor Management Cooperation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Industry Labor Management Cooperation Fund is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $651K |
| Surplus / Deficit | +$679K |
| Total Assets | $1.3M |
| Total Liabilities | $358K |
| Net Assets | $955K |
| Operating Margin | 51.1% |
| Debt-to-Asset Ratio | 27.3% |
| Months of Reserves | 24.2 months |
Financial Health Grade: A
In 2023, Sheet Metal Industry Labor Management Cooperation Fund reported a surplus of $679K with revenue exceeding expenses, holds 24.2 months of operating reserves (strong position), has a debt-to-asset ratio of 27.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Industry Labor Management Cooperation Fund's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.7% | -66.9% | +301.4% |
| 2022 | +112.3% | +242.6% | -64.2% |
| 2021 | -30.7% | -59.3% | +191.5% |
| 2020 | +174.7% | +216.5% | -63.5% |
| 2019 | -45.3% | -55.1% | +45.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Sheet Metal Industry Labor Management Cooperation Fund with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sheet Metal Industry Labor Management Cooperation Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $679K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and revenue, suggesting either volunteer leadership or compensation is categorized differently.
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 Sheet Metal Industry Labor Management Cooperation Fund's IRS 990 filings:
- Significant year-over-year financial volatility in revenue and expenses, making long-term planning challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
- Unusual consistent reporting of 0% officer compensation, which may obscure how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Sheet Metal Industry Labor Management Cooperation Fund:
- Consistent filing of IRS Form 990s over 13 periods, demonstrating commitment to regulatory compliance.
- No reported officer compensation, suggesting a potential dedication of resources directly to the mission.
- Significant asset growth in 2023 to $1,313,117, indicating a strong financial position at that time.
Frequently Asked Questions about Sheet Metal Industry Labor Management Cooperation Fund
Is Sheet Metal Industry Labor Management Cooperation Fund a legitimate charity?
Sheet Metal Industry Labor Management Cooperation Fund (EIN: 20650735) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Sheet Metal Industry Labor Management Cooperation Fund spend its money?
Sheet Metal Industry Labor Management Cooperation Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sheet Metal Industry Labor Management Cooperation Fund tax-deductible?
Sheet Metal Industry Labor Management Cooperation Fund is registered as a tax-exempt nonprofit (EIN: 20650735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Industry Labor Management Cooperation Fund's spending goes to programs?
Sheet Metal Industry Labor Management Cooperation Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sheet Metal Industry Labor Management Cooperation Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Sheet Metal Industry Labor Management Cooperation Fund is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sheet Metal Industry Labor Management Cooperation Fund located?
Sheet Metal Industry Labor Management Cooperation Fund is headquartered in Chantilly, Virginia and files with the IRS under EIN 20650735. It is classified under NTEE code J40.
How many years of IRS 990 filings does Sheet Metal Industry Labor Management Cooperation Fund have?
Sheet Metal Industry Labor Management Cooperation Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
How does the organization manage its significant year-to-year revenue and expense fluctuations?
The organization experiences substantial swings in revenue and expenses, such as a $1.33M revenue with $650K expenses in 2023, contrasted with $1.7M revenue and $1.96M expenses in 2022. This volatility suggests either project-based funding or a need for more consistent financial management strategies.
What is the nature of the 'Officer Comp=0%' reporting across all filings?
The consistent reporting of 0% officer compensation is notable. It could mean that leadership is entirely volunteer-based, or that compensation for key personnel is categorized under other expense lines, which would warrant further investigation for clarity.
What is the primary source of the organization's revenue?
While the filings show total revenue, the specific breakdown of revenue sources (e.g., grants, contributions, program service revenue) is not detailed in the provided data, making it difficult to assess funding stability.
How are the liabilities managed, given their fluctuations?
Liabilities have varied significantly, from $0 in 2018 and 2016 to $358,326 in 2023. Understanding the nature of these liabilities and the organization's strategy for managing them is important for assessing financial risk.
Filing History
IRS 990 filing history for Sheet Metal Industry Labor Management Cooperation Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Industry Labor Management Cooperation Fund's revenue has grown by 392.1%, moving from $270K to $1.3M. Total assets increased by 119.2% over the same period, from $599K to $1.3M. Total functional expenses rose by 182.9%, from $230K to $651K. In its most recent filing year (2023), Sheet Metal Industry Labor Management Cooperation Fund reported a surplus of $679K, with revenue exceeding expenses. The organization holds $358K in liabilities against $1.3M in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $955K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $651K | $1.3M | $358K | — | View 990 |
| 2022 | $1.7M | $2.0M | $327K | $52K | — | View 990 |
| 2021 | $800K | $573K | $913K | $373K | — | View 990 |
| 2020 | $1.2M | $1.4M | $313K | $22 | — | — |
| 2019 | $420K | $444K | $859K | $293K | — | View 990 |
| 2018 | $769K | $990K | $590K | $0 | — | View 990 |
| 2017 | $320K | $255K | $952K | $140K | — | View 990 |
| 2016 | $260K | $205K | $747K | $0 | — | View 990 |
| 2015 | $100K | $52K | $692K | $80 | — | View 990 |
| 2014 | $100K | $172K | $688K | $45K | — | View 990 |
| 2013 | $82K | $97K | $715K | $0 | — | View 990 |
| 2012 | $832K | $695K | $767K | $37K | — | View 990 |
| 2011 | $270K | $230K | $599K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $651K, and assets of $1.3M (revenue -21.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.0M, and assets of $327K (revenue +112.3% year-over-year).
- 2021: Revenue of $800K, expenses of $573K, and assets of $913K (revenue -30.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.4M, and assets of $313K (revenue +174.7% year-over-year).
- 2019: Revenue of $420K, expenses of $444K, and assets of $859K (revenue -45.3% year-over-year).
- 2018: Revenue of $769K, expenses of $990K, and assets of $590K (revenue +140.2% year-over-year).
- 2017: Revenue of $320K, expenses of $255K, and assets of $952K (revenue +23.1% year-over-year).
- 2016: Revenue of $260K, expenses of $205K, and assets of $747K (revenue +160.0% year-over-year).
- 2015: Revenue of $100K, expenses of $52K, and assets of $692K (revenue +0.0% year-over-year).
- 2014: Revenue of $100K, expenses of $172K, and assets of $688K (revenue +21.4% year-over-year).
- 2013: Revenue of $82K, expenses of $97K, and assets of $715K (revenue -90.1% year-over-year).
- 2012: Revenue of $832K, expenses of $695K, and assets of $767K (revenue +207.6% year-over-year).
- 2011: Revenue of $270K, expenses of $230K, and assets of $599K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Industry Labor Management Cooperation Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Industry Labor Management Cooperation 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.