Sheet Metal Workers Funds Service Facility Inc
Sheet Metal Workers Funds Service Facility Inc: Consistent Revenue, Minimal Liabilities
EIN: 222746135 · Carlstadt, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $173K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $234K |
| Transparency Score | 75/100 |
Is Sheet Metal Workers Funds Service Facility Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheet Metal Workers Funds Service Facility Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers Funds Service Facility Inc
Sheet Metal Workers Funds Service Facility Inc (EIN: 222746135) is a nonprofit organization based in Carlstadt, NJ. The organization reported total revenue of $158K and total assets of $247K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers Funds Service Facility Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers Funds Service Facility Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $173K |
| Surplus / Deficit | +$2K |
| Total Assets | $239K |
| Total Liabilities | $5K |
| Net Assets | $234K |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 16.6 months |
Financial Health Grade: A
In 2023, Sheet Metal Workers Funds Service Facility Inc reported a surplus of $2K with revenue exceeding expenses, holds 16.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Workers Funds Service Facility Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +22.0% | +0.9% |
| 2022 | +3.5% | +7.7% | +16.6% |
| 2021 | -1.7% | +4.1% | +25.6% |
| 2020 | +0.2% | -11.7% | +1.3% |
| 2019 | -15.3% | +1.8% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Workers Funds Service Facility Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Sheet Metal Workers Funds Service Facility Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating that key personnel are either volunteers or compensated through other means not reflected in these specific disclosures.
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.
Strengths
The following positive indicators were identified for Sheet Metal Workers Funds Service Facility Inc:
- Consistent revenue stream over multiple years, demonstrating stable operations.
- Very low liabilities relative to assets, indicating strong financial stability.
- Efficient expense management, with expenses closely aligning with revenue.
- Consistent asset growth over the past several years, from $159,735 in 2019 to $239,011 in 2023.
Frequently Asked Questions about Sheet Metal Workers Funds Service Facility Inc
Is Sheet Metal Workers Funds Service Facility Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheet Metal Workers Funds Service Facility Inc (EIN: 222746135) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Sheet Metal Workers Funds Service Facility Inc spend its money?
Sheet Metal Workers Funds Service Facility Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheet Metal Workers Funds Service Facility Inc tax-deductible?
Sheet Metal Workers Funds Service Facility Inc is registered as a tax-exempt nonprofit (EIN: 222746135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sheet Metal Workers Funds Service Facility Inc CEO make?
Sheet Metal Workers Funds Service Facility Inc's highest-compensated officer earns $0 annually. The organization reported $158K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sheet Metal Workers Funds Service Facility Inc's spending goes to programs?
Sheet Metal Workers Funds Service Facility Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sheet Metal Workers Funds Service Facility Inc located?
Sheet Metal Workers Funds Service Facility Inc is headquartered in Carlstadt, New Jersey and files with the IRS under EIN 222746135.
How many years of IRS 990 filings does Sheet Metal Workers Funds Service Facility Inc have?
Sheet Metal Workers Funds Service Facility Inc 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 $158K in total revenue.
What does Sheet Metal Workers Funds Service Facility Inc do?
Sheet Metal Workers Funds Service Facility Inc is a nonprofit organization in the Unknown sector, located in Carlstadt, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Sheet Metal Workers Funds Service Facility Inc have?
Sheet Metal Workers Funds Service Facility Inc reported total revenue of $158,376. Based on 13 IRS 990 filings on record.
What are Sheet Metal Workers Funds Service Facility Inc's total assets?
Sheet Metal Workers Funds Service Facility Inc holds total assets of $246,991 as reported in IRS 990 filings.
Where is Sheet Metal Workers Funds Service Facility Inc located?
Sheet Metal Workers Funds Service Facility Inc is based in Carlstadt, New Jersey.
What is Sheet Metal Workers Funds Service Facility Inc's EIN?
Sheet Metal Workers Funds Service Facility Inc's Employer Identification Number (EIN) is 222746135. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sheet Metal Workers Funds Service Facility Inc?
Sheet Metal Workers Funds Service Facility Inc is classified under NTEE code Unknown (Unknown).
Is Sheet Metal Workers Funds Service Facility Inc a registered 501(c)(3)?
Sheet Metal Workers Funds Service Facility Inc appears in IRS records (EIN: 222746135). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sheet Metal Workers Funds Service Facility Inc file IRS Form 990?
Yes, Sheet Metal Workers Funds Service Facility Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sheet Metal Workers Funds Service Facility Inc's revenue in 2023?
In the 202312 filing period, Sheet Metal Workers Funds Service Facility Inc reported total revenue of $174,805, total expenses of $173,262, and net assets of $239,011.
Is Sheet Metal Workers Funds Service Facility Inc's revenue growing or declining?
Sheet Metal Workers Funds Service Facility Inc's revenue is relatively stable. Revenue went from $176,994 (202212) to $174,805 (202312), a -1.2% change. Based on 13 filings on record.
What is Sheet Metal Workers Funds Service Facility Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sheet Metal Workers Funds Service Facility Inc covers tax period 202312. It shows revenue of $174,805, expenses of $173,262, total assets of $239,011, and liabilities of $5,223.
How much does Sheet Metal Workers Funds Service Facility Inc spend on programs vs administration?
Based on IRS 990 analysis, Sheet Metal Workers Funds Service Facility Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Sheet Metal Workers Funds Service Facility Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sheet Metal Workers Funds Service Facility Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Sheet Metal Workers Funds Service Facility Inc's strengths?
Positive indicators for Sheet Metal Workers Funds Service Facility Inc include: Consistent revenue stream over multiple years, demonstrating stable operations.. Very low liabilities relative to assets, indicating strong financial stability.. Efficient expense management, with expenses closely aligning with revenue.. Consistent asset growth over the past several years, from $159,735 in 2019 to $239,011 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Sheet Metal Workers Funds Service Facility Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating that key personnel are either volunteers or compensated through other means not reflected in these specific disclosures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization manage its leadership and operational oversight?
The consistent reporting of $0 for executive compensation suggests that leadership may be provided by volunteers, or compensated through an affiliated entity, or that the organization's structure does not involve paid executives in the traditional sense. Further investigation into their operational model and affiliations would be necessary to fully understand this.
What is the primary source of the organization's revenue, and how does it relate to its mission?
While the data shows consistent revenue, the specific nature of the 'Sheet Metal Workers Funds Service Facility Inc' suggests it likely provides administrative or support services to related sheet metal worker funds. Understanding the exact services provided would clarify the direct link between revenue generation and its mission.
Filing History
IRS 990 filing history for Sheet Metal Workers Funds Service Facility Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Workers Funds Service Facility Inc's revenue has grown by 3.9%, moving from $168K to $175K. Total assets decreased by 25.5% over the same period, from $321K to $239K. Total functional expenses rose by 10.4%, from $157K to $173K. In its most recent filing year (2023), Sheet Metal Workers Funds Service Facility Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $5K in liabilities against $239K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $234K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $173K | $239K | $5K | — | — |
| 2022 | $177K | $142K | $237K | $5K | — | View 990 |
| 2021 | $171K | $132K | $203K | $6K | — | View 990 |
| 2020 | $174K | $127K | $162K | $4K | — | — |
| 2019 | $174K | $143K | $160K | $49K | — | — |
| 2018 | $205K | $141K | $172K | $91K | — | View 990 |
| 2017 | $163K | $134K | $157K | $141K | — | View 990 |
| 2016 | $163K | $155K | $170K | $183K | — | View 990 |
| 2015 | $164K | $150K | $189K | $210K | — | View 990 |
| 2014 | $157K | $171K | $210K | $245K | — | View 990 |
| 2013 | $168K | $191K | $254K | $275K | — | View 990 |
| 2012 | $168K | $157K | $302K | $300K | — | View 990 |
| 2011 | $168K | $157K | $321K | $330K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $173K, and assets of $239K (revenue -1.2% year-over-year).
- 2022: Revenue of $177K, expenses of $142K, and assets of $237K (revenue +3.5% year-over-year).
- 2021: Revenue of $171K, expenses of $132K, and assets of $203K (revenue -1.7% year-over-year).
- 2020: Revenue of $174K, expenses of $127K, and assets of $162K (revenue +0.2% year-over-year).
- 2019: Revenue of $174K, expenses of $143K, and assets of $160K (revenue -15.3% year-over-year).
- 2018: Revenue of $205K, expenses of $141K, and assets of $172K (revenue +25.4% year-over-year).
- 2017: Revenue of $163K, expenses of $134K, and assets of $157K (revenue +-0.0% year-over-year).
- 2016: Revenue of $163K, expenses of $155K, and assets of $170K (revenue +-0.0% year-over-year).
- 2015: Revenue of $164K, expenses of $150K, and assets of $189K (revenue +4.3% year-over-year).
- 2014: Revenue of $157K, expenses of $171K, and assets of $210K (revenue -6.8% year-over-year).
- 2013: Revenue of $168K, expenses of $191K, and assets of $254K (revenue +-0.0% year-over-year).
- 2012: Revenue of $168K, expenses of $157K, and assets of $302K (revenue +-0.0% year-over-year).
- 2011: Revenue of $168K, expenses of $157K, and assets of $321K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers Funds Service Facility Inc:
Data Sources and Methodology
This transparency report for Sheet Metal Workers Funds Service Facility Inc 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.