Sheet Metal Workers Local 17 Nh Training Fund
Sheet Metal Workers Local 17 Nh Training Fund maintains stable assets but reported a deficit in its latest fiscal year.
EIN: 20303557 · Wallingford, CT · NTEE: J22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $119K |
| Total Expenses | $132K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $900,000. |
| Net Assets | $816K |
| Transparency Score | 85/100 |
Is Sheet Metal Workers Local 17 Nh Training 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 Local 17 Nh Training Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers Local 17 Nh Training Fund
Sheet Metal Workers Local 17 Nh Training Fund (EIN: 20303557) is a nonprofit organization based in Wallingford, CT, classified under NTEE code J22. The organization reported total revenue of $119K and total assets of $895K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers Local 17 Nh Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers Local 17 Nh Training Fund is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $132K |
| Surplus / Deficit | $-21,009 |
| Total Assets | $859K |
| Total Liabilities | $43K |
| Net Assets | $816K |
| Operating Margin | -18.8% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 77.8 months |
Financial Health Grade: B
In 2023, Sheet Metal Workers Local 17 Nh Training Fund reported a deficit of $21K with expenses exceeding revenue, holds 77.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Workers Local 17 Nh Training Fund's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.0% | +22.7% | +4.7% |
| 2022 | -22.2% | -10.1% | -7.6% |
| 2021 | +74.2% | +12.4% | +10.2% |
| 2020 | -10.2% | -15.2% | +12.4% |
| 2019 | +5.4% | +18.4% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2010 |
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 Local 17 Nh Training 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 Local 17 Nh Training 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 deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of this size with assets approaching $900,000.
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 Local 17 Nh Training Fund's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal year (2023), with a deficit of $21,009.
Strengths
The following positive indicators were identified for Sheet Metal Workers Local 17 Nh Training Fund:
- Consistent asset growth over the past decade, from $571,058 in 2014 to $858,746 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency in resource allocation.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Sheet Metal Workers Local 17 Nh Training Fund
Is Sheet Metal Workers Local 17 Nh Training Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheet Metal Workers Local 17 Nh Training Fund (EIN: 20303557) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Sheet Metal Workers Local 17 Nh Training Fund spend its money?
Sheet Metal Workers Local 17 Nh Training Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheet Metal Workers Local 17 Nh Training Fund tax-deductible?
Sheet Metal Workers Local 17 Nh Training Fund is registered as a tax-exempt nonprofit (EIN: 20303557). 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 Local 17 Nh Training Fund CEO make?
Sheet Metal Workers Local 17 Nh Training Fund's highest-compensated officer earns $900,000. annually. The organization reported $119K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Sheet Metal Workers Local 17 Nh Training Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sheet Metal Workers Local 17 Nh Training Fund is above average for NTEE category J22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sheet Metal Workers Local 17 Nh Training Fund located?
Sheet Metal Workers Local 17 Nh Training Fund is headquartered in Wallingford, Connecticut and files with the IRS under EIN 20303557. It is classified under NTEE code J22.
How many years of IRS 990 filings does Sheet Metal Workers Local 17 Nh Training Fund have?
Sheet Metal Workers Local 17 Nh Training 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 $119K in total revenue.
Is Sheet Metal Workers Local 17 Nh Training Fund financially stable?
Yes, the organization appears financially stable with growing assets, reaching $858,746 in 2023, and generally low liabilities. While the 2023 fiscal year showed a deficit of $21,009 (expenses of $132,494 against revenue of $111,485), this is a single year and the overall asset growth suggests resilience.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a highly efficient approach where no funds are allocated to executive salaries.
Has the organization's asset base grown over time?
Yes, the organization's assets have shown consistent growth, increasing from $571,058 in 2014 to $858,746 in 2023, demonstrating effective asset management.
Filing History
IRS 990 filing history for Sheet Metal Workers Local 17 Nh Training Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Workers Local 17 Nh Training Fund's revenue has declined by 21.5%, moving from $142K to $111K. Total assets increased by 102.2% over the same period, from $425K to $859K. Total functional expenses rose by 43.1%, from $93K to $132K. In its most recent filing year (2023), Sheet Metal Workers Local 17 Nh Training Fund reported a deficit of $21K, with expenses exceeding revenue. The organization holds $43K in liabilities against $859K in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $816K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $132K | $859K | $43K | — | — |
| 2022 | $183K | $108K | $820K | $73K | — | View 990 |
| 2021 | $235K | $120K | $887K | $4K | — | View 990 |
| 2020 | $135K | $107K | $805K | $2K | — | View 990 |
| 2019 | $150K | $126K | $716K | $884 | — | — |
| 2018 | $142K | $106K | $629K | $2K | — | View 990 |
| 2017 | $122K | $112K | $687K | $879 | — | View 990 |
| 2016 | $144K | $110K | $625K | $169 | — | View 990 |
| 2015 | $162K | $93K | $594K | $2K | — | View 990 |
| 2014 | $178K | $100K | $571K | $1K | — | View 990 |
| 2013 | $157K | $109K | $506K | $12K | — | View 990 |
| 2012 | $124K | $129K | $404K | $2K | — | View 990 |
| 2011 | $142K | $93K | $425K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $132K, and assets of $859K (revenue -39.0% year-over-year).
- 2022: Revenue of $183K, expenses of $108K, and assets of $820K (revenue -22.2% year-over-year).
- 2021: Revenue of $235K, expenses of $120K, and assets of $887K (revenue +74.2% year-over-year).
- 2020: Revenue of $135K, expenses of $107K, and assets of $805K (revenue -10.2% year-over-year).
- 2019: Revenue of $150K, expenses of $126K, and assets of $716K (revenue +5.4% year-over-year).
- 2018: Revenue of $142K, expenses of $106K, and assets of $629K (revenue +16.3% year-over-year).
- 2017: Revenue of $122K, expenses of $112K, and assets of $687K (revenue -15.0% year-over-year).
- 2016: Revenue of $144K, expenses of $110K, and assets of $625K (revenue -11.3% year-over-year).
- 2015: Revenue of $162K, expenses of $93K, and assets of $594K (revenue -8.9% year-over-year).
- 2014: Revenue of $178K, expenses of $100K, and assets of $571K (revenue +14.0% year-over-year).
- 2013: Revenue of $157K, expenses of $109K, and assets of $506K (revenue +26.4% year-over-year).
- 2012: Revenue of $124K, expenses of $129K, and assets of $404K (revenue -12.7% year-over-year).
- 2011: Revenue of $142K, expenses of $93K, and assets of $425K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers Local 17 Nh Training Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Workers Local 17 Nh 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.