Sheet Metal Workers 40 Apprentice And Training Fund
EIN: 237412739 · Rocky Hill, CT
| Metric | Value |
|---|---|
| Total Revenue | $848K |
| Total Expenses | $615K |
| Net Assets | $756K |
Is Sheet Metal Workers 40 Apprentice And Training Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sheet Metal Workers 40 Apprentice And Training Fund
Sheet Metal Workers 40 Apprentice And Training Fund (EIN: 237412739) is a nonprofit organization based in Rocky Hill, CT. The organization reported total revenue of $848K and total assets of $741K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers 40 Apprentice And Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers 40 Apprentice And Training Fund is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $598K |
| Total Expenses | $615K |
| Surplus / Deficit | $-16,256 |
| Total Assets | $763K |
| Total Liabilities | $7K |
| Net Assets | $756K |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 14.9 months |
Financial Health Grade: B
In 2023, Sheet Metal Workers 40 Apprentice And Training Fund reported a deficit of $16K with expenses exceeding revenue, holds 14.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Sheet Metal Workers 40 Apprentice And Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | +31.7% | -3.2% |
| 2022 | -8.9% | -13.1% | +18.8% |
| 2021 | -10.1% | -3.7% | +22.1% |
| 2020 | +7.1% | +7.3% | +45.0% |
| 2019 | +21.4% | -11.6% | +68.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sheet Metal Workers 40 Apprentice And Training Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheet Metal Workers 40 Apprentice And Training Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Sheet Metal Workers 40 Apprentice And Training Fund
Is Sheet Metal Workers 40 Apprentice And Training Fund a legitimate charity?
Sheet Metal Workers 40 Apprentice And Training Fund (EIN: 237412739) is a registered tax-exempt nonprofit based in Connecticut. It has 14 years of IRS 990 filings on record. Total revenue: $848K. No red flags identified. Financial health grade: B.
How does Sheet Metal Workers 40 Apprentice And Training Fund spend its money?
Sheet Metal Workers 40 Apprentice And Training Fund reported $848K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sheet Metal Workers 40 Apprentice And Training Fund tax-deductible?
Sheet Metal Workers 40 Apprentice And Training Fund is registered as a tax-exempt nonprofit (EIN: 237412739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sheet Metal Workers 40 Apprentice And Training Fund located?
Sheet Metal Workers 40 Apprentice And Training Fund is headquartered in Rocky Hill, Connecticut and files with the IRS under EIN 237412739.
How many years of IRS 990 filings does Sheet Metal Workers 40 Apprentice And Training Fund have?
Sheet Metal Workers 40 Apprentice And Training Fund has 14 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 $848K in total revenue.
Filing History
IRS 990 filing history for Sheet Metal Workers 40 Apprentice And Training Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sheet Metal Workers 40 Apprentice And Training Fund's revenue has grown by 58.5%, moving from $377K to $598K. Total assets increased by 132% over the same period, from $329K to $763K. Total functional expenses rose by 19.6%, from $514K to $615K. In its most recent filing year (2023), Sheet Metal Workers 40 Apprentice And Training Fund reported a deficit of $16K, with expenses exceeding revenue. The organization holds $7K in liabilities against $763K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $756K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $598K | $615K | $763K | $7K | — | — |
| 2022 | $592K | $467K | $788K | $16K | — | View 990 |
| 2021 | $650K | $537K | $663K | $17K | — | View 990 |
| 2020 | $724K | $558K | $543K | $10K | — | View 990 |
| 2019 | $676K | $520K | $374K | $7K | — | View 990 |
| 2018 | $557K | $588K | $223K | $12K | — | View 990 |
| 2017 | $503K | $649K | $269K | $28K | — | View 990 |
| 2016 | $703K | $646K | $413K | $26K | — | View 990 |
| 2015 | $652K | $593K | $348K | $16K | — | View 990 |
| 2014 | $633K | $500K | $304K | $28K | — | View 990 |
| 2013 | $513K | $545K | $179K | $36K | — | View 990 |
| 2012 | $473K | $518K | $207K | $31K | — | View 990 |
| 2011 | $408K | $497K | $238K | $19K | — | View 990 |
| 2010 | $377K | $514K | $329K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $598K, expenses of $615K, and assets of $763K (revenue +1.0% year-over-year).
- 2022: Revenue of $592K, expenses of $467K, and assets of $788K (revenue -8.9% year-over-year).
- 2021: Revenue of $650K, expenses of $537K, and assets of $663K (revenue -10.1% year-over-year).
- 2020: Revenue of $724K, expenses of $558K, and assets of $543K (revenue +7.1% year-over-year).
- 2019: Revenue of $676K, expenses of $520K, and assets of $374K (revenue +21.4% year-over-year).
- 2018: Revenue of $557K, expenses of $588K, and assets of $223K (revenue +10.6% year-over-year).
- 2017: Revenue of $503K, expenses of $649K, and assets of $269K (revenue -28.4% year-over-year).
- 2016: Revenue of $703K, expenses of $646K, and assets of $413K (revenue +7.8% year-over-year).
- 2015: Revenue of $652K, expenses of $593K, and assets of $348K (revenue +3.0% year-over-year).
- 2014: Revenue of $633K, expenses of $500K, and assets of $304K (revenue +23.3% year-over-year).
- 2013: Revenue of $513K, expenses of $545K, and assets of $179K (revenue +8.5% year-over-year).
- 2012: Revenue of $473K, expenses of $518K, and assets of $207K (revenue +15.9% year-over-year).
- 2011: Revenue of $408K, expenses of $497K, and assets of $238K (revenue +8.2% year-over-year).
- 2010: Revenue of $377K, expenses of $514K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers 40 Apprentice And Training Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Workers 40 Apprentice And Training 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.