Sheet Metal Workers International Association
Sheet Metal Workers International Association: Declining Revenue, Stable Assets
EIN: 222586290 · Carlstadt, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Program Spending | 70% |
| Net Assets | $114K |
| Transparency Score | 65/100 |
Is Sheet Metal Workers International Association 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 International Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Sheet Metal Workers International Association
Sheet Metal Workers International Association (EIN: 222586290) is a nonprofit organization based in Carlstadt, NJ. The organization reported total revenue of $1.1M and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers International Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers International Association is a mid-size nonprofit, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-7,059 |
| Total Assets | $136K |
| Total Liabilities | $22K |
| Net Assets | $114K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2024, Sheet Metal Workers International Association reported a deficit of $7K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Sheet Metal Workers International Association's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.5% | -12.7% | +0.1% |
| 2023 | -9.0% | -6.5% | -20.8% |
| 2022 | +0.6% | -0.1% | -3.4% |
| 2021 | -10.9% | -11.6% | -11.0% |
| 2020 | -5.1% | -1.2% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 International Association with a Mission Score of 65 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: 70%
- fundraising: 15%
According to IRS 990 filings, Sheet Metal Workers International Association allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data on individual salaries, as the provided financial data does not include this level of detail.
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 International Association's IRS 990 filings:
- Revenue has shown a consistent decline from $1,862,529 in 2018 to $1,095,530 in 2024, which could impact long-term sustainability.
- Expenses have frequently exceeded revenue in recent years (e.g., 2024: revenue $1,095,530 vs. expenses $1,255,524; 2023: revenue $1,402,882 vs. expenses $1,445,461), indicating potential operational deficits.
Strengths
The following positive indicators were identified for Sheet Metal Workers International Association:
- Assets have remained relatively stable over the years, ranging from $136,249 to $219,805, suggesting a solid financial base despite revenue declines.
- The organization consistently reports '0%' for compensation from related organizations, which is a positive indicator for financial independence and avoiding conflicts of interest.
Frequently Asked Questions about Sheet Metal Workers International Association
Is Sheet Metal Workers International Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheet Metal Workers International Association (EIN: 222586290) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Sheet Metal Workers International Association spend its money?
Sheet Metal Workers International Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheet Metal Workers International Association tax-deductible?
Sheet Metal Workers International Association is registered as a tax-exempt nonprofit (EIN: 222586290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Workers International Association's spending goes to programs?
Sheet Metal Workers International Association directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Sheet Metal Workers International Association located?
Sheet Metal Workers International Association is headquartered in Carlstadt, New Jersey and files with the IRS under EIN 222586290.
How many years of IRS 990 filings does Sheet Metal Workers International Association have?
Sheet Metal Workers International Association 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 $1.1M in total revenue.
What does Sheet Metal Workers International Association do?
Sheet Metal Workers International Association 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 International Association have?
Sheet Metal Workers International Association reported total revenue of $1,095,530. Based on 13 IRS 990 filings on record.
What are Sheet Metal Workers International Association's total assets?
Sheet Metal Workers International Association holds total assets of $148,674 as reported in IRS 990 filings.
Where is Sheet Metal Workers International Association located?
Sheet Metal Workers International Association is based in Carlstadt, New Jersey.
What is Sheet Metal Workers International Association's EIN?
Sheet Metal Workers International Association's Employer Identification Number (EIN) is 222586290. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sheet Metal Workers International Association?
Sheet Metal Workers International Association is classified under NTEE code Unknown (Unknown).
Is Sheet Metal Workers International Association a registered 501(c)(3)?
Sheet Metal Workers International Association appears in IRS records (EIN: 222586290). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sheet Metal Workers International Association file IRS Form 990?
Yes, Sheet Metal Workers International Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was Sheet Metal Workers International Association's revenue in 2024?
In the 202403 filing period, Sheet Metal Workers International Association reported total revenue of $1,255,524, total expenses of $1,262,583, and net assets of $136,342.
Is Sheet Metal Workers International Association's revenue growing or declining?
Sheet Metal Workers International Association's revenue is declining. Revenue went from $1,402,882 (202303) to $1,255,524 (202403), a -10.5% change. Based on 13 filings on record.
What is Sheet Metal Workers International Association's most recent 990 filing?
The most recent IRS Form 990 filing for Sheet Metal Workers International Association covers tax period 202403. It shows revenue of $1,255,524, expenses of $1,262,583, total assets of $136,342, and liabilities of $22,236.
How much does Sheet Metal Workers International Association spend on programs vs administration?
Based on IRS 990 analysis, Sheet Metal Workers International Association allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Sheet Metal Workers International Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Sheet Metal Workers International Association shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Sheet Metal Workers International Association?
The following concerns were identified: Revenue has shown a consistent decline from $1,862,529 in 2018 to $1,095,530 in 2024, which could impact long-term sustainability.. Expenses have frequently exceeded revenue in recent years (e.g., 2024: revenue $1,095,530 vs. expenses $1,255,524; 2023: revenue $1,402,882 vs. expenses $1,445,461), indicating potential operational deficits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sheet Metal Workers International Association's strengths?
Positive indicators for Sheet Metal Workers International Association include: Assets have remained relatively stable over the years, ranging from $136,249 to $219,805, suggesting a solid financial base despite revenue declines.. The organization consistently reports '0%' for compensation from related organizations, which is a positive indicator for financial independence and avoiding conflicts of interest.. These findings are derived from AI analysis of the organization's financial filings.
How does Sheet Metal Workers International Association compensate executives?
Executive compensation cannot be assessed without specific data on individual salaries, as the provided financial data does not include this level of detail. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Sheet Metal Workers International Association?
• The organization consistently reports 0% compensation from related organizations, indicating a lack of potential conflicts of interest in that area. • The provided data lacks detailed breakdowns of program, administrative, and fundraising expenses, making a precise spending analysis challenging. • The organization's financial filings are consistently available, demonstrating a commitment to public disclosure. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in revenue and frequent operational deficits, what strategies are in place to ensure the long-term financial viability of the Sheet Metal Workers International Association?
Without access to the organization's strategic plans or detailed financial statements beyond the provided summary, it's difficult to ascertain specific strategies. However, addressing the revenue decline and expense management would be critical for sustainability.
How does the organization manage to maintain relatively stable assets despite a significant and consistent drop in revenue over the past several years?
The stability in assets, despite declining revenue, could be attributed to effective asset management, investment returns, or potentially drawing down on reserves to cover operational shortfalls, though further detailed financial statements would be needed to confirm the exact mechanisms.
Filing History
IRS 990 filing history for Sheet Metal Workers International Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Sheet Metal Workers International Association's revenue has declined by 1.6%, moving from $1.3M to $1.3M. Total assets decreased by 1.4% over the same period, from $138K to $136K. Total functional expenses rose by 0.7%, from $1.3M to $1.3M. In its most recent filing year (2024), Sheet Metal Workers International Association reported a deficit of $7K, with expenses exceeding revenue. The organization holds $22K in liabilities against $136K in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $114K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.3M | $136K | $22K | — | View 990 |
| 2023 | $1.4M | $1.4M | $136K | $15K | — | — |
| 2022 | $1.5M | $1.5M | $172K | $8K | — | View 990 |
| 2021 | $1.5M | $1.5M | $178K | $9K | — | View 990 |
| 2020 | $1.7M | $1.8M | $200K | $14K | — | View 990 |
| 2019 | $1.8M | $1.8M | $220K | $2K | — | View 990 |
| 2018 | $1.9M | $1.8M | $193K | $14K | — | View 990 |
| 2017 | $1.7M | $1.8M | $161K | $10K | — | View 990 |
| 2016 | $1.6M | $1.6M | $178K | $3K | — | View 990 |
| 2015 | $1.7M | $1.7M | $134K | $22K | — | View 990 |
| 2014 | $1.5M | $1.5M | $126K | $17K | — | View 990 |
| 2013 | $1.5M | $1.5M | $139K | $21K | — | View 990 |
| 2012 | $1.3M | $1.3M | $138K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $1.3M, and assets of $136K (revenue -10.5% year-over-year).
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $136K (revenue -9.0% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $172K (revenue +0.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $178K (revenue -10.9% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $200K (revenue -5.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $220K (revenue -2.8% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $193K (revenue +7.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $161K (revenue +7.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $178K (revenue -5.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $134K (revenue +15.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $126K (revenue +1.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $139K (revenue +14.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $138K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers International Association:
Data Sources and Methodology
This transparency report for Sheet Metal Workers International Association 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.