Sheet Metal Workers Health Fund
Sheet Metal Workers Health Fund shows consistent revenue growth and strong asset base with no reported officer compensation.
EIN: 160760551 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.1M |
| Total Expenses | $6.6M |
| Program Spending | 90% |
| Net Assets | $11.0M |
| Transparency Score | 85/100 |
Is Sheet Metal Workers Health 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 Workers Health Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers Health Fund
Sheet Metal Workers Health Fund (EIN: 160760551) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $14.1M and total assets of $12.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers Health Fund is a large nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $6.6M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $11.4M |
| Total Liabilities | $475K |
| Net Assets | $11.0M |
| Operating Margin | 19.3% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 20.7 months |
Financial Health Grade: A
In 2023, Sheet Metal Workers Health Fund reported a surplus of $1.6M with revenue exceeding expenses, holds 20.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Workers Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | -2.5% | +22.6% |
| 2022 | +8.6% | -10.1% | +6.5% |
| 2021 | -0.9% | +22.6% | +3.4% |
| 2020 | +3.0% | +3.2% | +23.1% |
| 2019 | +13.1% | +0.1% | +22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Health Fund with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sheet Metal Workers Health Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and suggests a volunteer-led or externally managed structure for executive functions.
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 Workers Health Fund's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Unusual 0% officer compensation for an organization of this size, warranting further investigation into executive management structure
Strengths
The following positive indicators were identified for Sheet Metal Workers Health Fund:
- Consistent revenue growth, from $5.07M in 2015 to $8.20M in 2023
- Strong asset base consistently exceeding liabilities, indicating financial stability (e.g., $11.44M assets vs. $0.47M liabilities in 2023)
- Positive net income in most recent years, demonstrating fiscal responsibility (e.g., $8.20M revenue vs. $6.62M expenses in 2023)
- No reported officer compensation, suggesting high efficiency in executive overhead or volunteer leadership
- Extensive filing history (13 filings) providing good financial transparency over time
Frequently Asked Questions about Sheet Metal Workers Health Fund
Is Sheet Metal Workers Health Fund a legitimate charity?
Sheet Metal Workers Health Fund (EIN: 160760551) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.1M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Sheet Metal Workers Health Fund spend its money?
Sheet Metal Workers Health Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sheet Metal Workers Health Fund tax-deductible?
Sheet Metal Workers Health Fund is registered as a tax-exempt nonprofit (EIN: 160760551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sheet Metal Workers Health Fund located?
Sheet Metal Workers Health Fund is headquartered in Rochester, New York and files with the IRS under EIN 160760551.
How many years of IRS 990 filings does Sheet Metal Workers Health Fund have?
Sheet Metal Workers Health 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 $14.1M in total revenue.
What specific health benefits or services does the Sheet Metal Workers Health Fund provide?
The provided IRS 990 data does not detail the specific health benefits or services offered by the fund, only its financial performance.
How does the organization manage its executive functions without reported officer compensation?
The 0% officer compensation suggests that executive roles may be filled by volunteers, or compensation is reported under other expense categories, or the fund is managed by an external entity whose fees are not categorized as officer compensation.
What is the NTEE code for this organization?
The NTEE code for the Sheet Metal Workers Health Fund is not provided in the available data.
Filing History
IRS 990 filing history for Sheet Metal Workers Health Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Workers Health Fund's revenue has grown by 55.7%, moving from $5.3M to $8.2M. Total assets increased by 27.9% over the same period, from $8.9M to $11.4M. Total functional expenses rose by 38.7%, from $4.8M to $6.6M. In its most recent filing year (2023), Sheet Metal Workers Health Fund reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $475K in liabilities against $11.4M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $11.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $6.6M | $11.4M | $475K | — | View 990 |
| 2022 | $8.2M | $6.8M | $9.3M | $128K | — | View 990 |
| 2021 | $7.5M | $7.5M | $8.8M | $112K | — | — |
| 2020 | $7.6M | $6.2M | $8.5M | $155K | — | — |
| 2019 | $7.4M | $6.0M | $6.9M | $197K | — | View 990 |
| 2018 | $6.5M | $6.0M | $5.6M | $508K | — | View 990 |
| 2017 | $6.0M | $7.6M | $5.2M | $646K | — | View 990 |
| 2016 | $5.8M | $7.7M | $6.6M | $520K | — | View 990 |
| 2015 | $5.1M | $6.0M | $8.3M | $244K | — | View 990 |
| 2014 | $5.8M | $5.6M | $9.6M | $380K | — | View 990 |
| 2013 | $5.5M | $5.6M | $9.0M | $321K | — | View 990 |
| 2012 | $5.4M | $5.5M | $8.9M | $323K | — | View 990 |
| 2011 | $5.3M | $4.8M | $8.9M | $236K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $6.6M, and assets of $11.4M (revenue +0.4% year-over-year).
- 2022: Revenue of $8.2M, expenses of $6.8M, and assets of $9.3M (revenue +8.6% year-over-year).
- 2021: Revenue of $7.5M, expenses of $7.5M, and assets of $8.8M (revenue -0.9% year-over-year).
- 2020: Revenue of $7.6M, expenses of $6.2M, and assets of $8.5M (revenue +3.0% year-over-year).
- 2019: Revenue of $7.4M, expenses of $6.0M, and assets of $6.9M (revenue +13.1% year-over-year).
- 2018: Revenue of $6.5M, expenses of $6.0M, and assets of $5.6M (revenue +8.9% year-over-year).
- 2017: Revenue of $6.0M, expenses of $7.6M, and assets of $5.2M (revenue +3.9% year-over-year).
- 2016: Revenue of $5.8M, expenses of $7.7M, and assets of $6.6M (revenue +13.6% year-over-year).
- 2015: Revenue of $5.1M, expenses of $6.0M, and assets of $8.3M (revenue -11.9% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.6M, and assets of $9.6M (revenue +5.0% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.6M, and assets of $9.0M (revenue +0.9% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.5M, and assets of $8.9M (revenue +3.2% year-over-year).
- 2011: Revenue of $5.3M, expenses of $4.8M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers Health Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Workers Health 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.