Sheet Metal Workers Local 27 Educational Trust Fund
Sheet Metal Workers Local 27 Educational Trust Fund: Stable Finances, High Program Spending
EIN: 222568877 · Farmingdale, NJ · NTEE: B60 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is Sheet Metal Workers Local 27 Educational Trust Fund 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 Local 27 Educational Trust Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers Local 27 Educational Trust Fund
Sheet Metal Workers Local 27 Educational Trust Fund (EIN: 222568877) is a nonprofit organization based in Farmingdale, NJ, classified under NTEE code B60. The organization reported total revenue of $2.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers Local 27 Educational Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers Local 27 Educational Trust Fund is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$113K |
| Total Assets | $2.1M |
| Total Liabilities | $409K |
| Net Assets | $1.7M |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 19.8% |
| Months of Reserves | 18.2 months |
Financial Health Grade: A
In 2023, Sheet Metal Workers Local 27 Educational Trust Fund reported a surplus of $113K with revenue exceeding expenses, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 19.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Workers Local 27 Educational Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +4.9% | +12.2% |
| 2022 | +1.0% | +8.0% | +8.5% |
| 2021 | +24.0% | +8.2% | +1.1% |
| 2020 | -19.9% | -12.2% | -2.9% |
| 2019 | +1.1% | +5.5% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
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 27 Educational Trust Fund 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 Local 27 Educational Trust Fund 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 $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.8%.
Executive Compensation Analysis
Executive compensation is not reported in the available Form 990-EZ filings, indicating no highly compensated employees or officers receiving over $100,000.
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.
Strengths
The following positive indicators were identified for Sheet Metal Workers Local 27 Educational Trust Fund:
- Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023 based on total expenses of $1,365,540 and program service expenses of $1,228,986).
- Maintains a healthy asset base, with assets consistently exceeding liabilities.
- Stable revenue streams over the past several years, demonstrating financial resilience.
Frequently Asked Questions about Sheet Metal Workers Local 27 Educational Trust Fund
Is Sheet Metal Workers Local 27 Educational Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheet Metal Workers Local 27 Educational Trust Fund (EIN: 222568877) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Sheet Metal Workers Local 27 Educational Trust Fund spend its money?
Sheet Metal Workers Local 27 Educational Trust 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 27 Educational Trust Fund tax-deductible?
Sheet Metal Workers Local 27 Educational Trust Fund is registered as a tax-exempt nonprofit (EIN: 222568877). 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 27 Educational Trust Fund CEO make?
Sheet Metal Workers Local 27 Educational Trust Fund's highest-compensated officer earns $100,000. annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sheet Metal Workers Local 27 Educational Trust Fund's spending goes to programs?
Sheet Metal Workers Local 27 Educational Trust Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sheet Metal Workers Local 27 Educational Trust Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Sheet Metal Workers Local 27 Educational Trust Fund is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sheet Metal Workers Local 27 Educational Trust Fund located?
Sheet Metal Workers Local 27 Educational Trust Fund is headquartered in Farmingdale, New Jersey and files with the IRS under EIN 222568877. It is classified under NTEE code B60.
How many years of IRS 990 filings does Sheet Metal Workers Local 27 Educational Trust Fund have?
Sheet Metal Workers Local 27 Educational Trust 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 $2.3M in total revenue.
What does Sheet Metal Workers Local 27 Educational Trust Fund do?
Sheet Metal Workers Local 27 Educational Trust Fund is a nonprofit organization in the Education sector, located in Farmingdale, New Jersey. It is classified under NTEE code B60.
How much revenue does Sheet Metal Workers Local 27 Educational Trust Fund have?
Sheet Metal Workers Local 27 Educational Trust Fund reported total revenue of $2,313,275. Based on 13 IRS 990 filings on record.
What are Sheet Metal Workers Local 27 Educational Trust Fund's total assets?
Sheet Metal Workers Local 27 Educational Trust Fund holds total assets of $2,062,627 as reported in IRS 990 filings.
Where is Sheet Metal Workers Local 27 Educational Trust Fund located?
Sheet Metal Workers Local 27 Educational Trust Fund is based in Farmingdale, New Jersey.
What is Sheet Metal Workers Local 27 Educational Trust Fund's EIN?
Sheet Metal Workers Local 27 Educational Trust Fund's Employer Identification Number (EIN) is 222568877. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sheet Metal Workers Local 27 Educational Trust Fund?
Sheet Metal Workers Local 27 Educational Trust Fund is classified under NTEE code B60 (Education).
Is Sheet Metal Workers Local 27 Educational Trust Fund a registered 501(c)(3)?
Yes, Sheet Metal Workers Local 27 Educational Trust Fund is recognized as a tax-exempt organization by the IRS. EIN: 222568877.
Does Sheet Metal Workers Local 27 Educational Trust Fund file IRS Form 990?
Yes, Sheet Metal Workers Local 27 Educational Trust Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sheet Metal Workers Local 27 Educational Trust Fund's revenue in 2023?
In the 202312 filing period, Sheet Metal Workers Local 27 Educational Trust Fund reported total revenue of $1,478,657, total expenses of $1,365,540, and net assets of $2,068,726.
Is Sheet Metal Workers Local 27 Educational Trust Fund's revenue growing or declining?
Sheet Metal Workers Local 27 Educational Trust Fund's revenue is growing. Revenue went from $1,391,614 (202212) to $1,478,657 (202312), a +6.3% change. Based on 13 filings on record.
What is Sheet Metal Workers Local 27 Educational Trust Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Sheet Metal Workers Local 27 Educational Trust Fund covers tax period 202312. It shows revenue of $1,478,657, expenses of $1,365,540, total assets of $2,068,726, and liabilities of $408,956.
How much does Sheet Metal Workers Local 27 Educational Trust Fund spend on programs vs administration?
Based on IRS 990 analysis, Sheet Metal Workers Local 27 Educational Trust Fund 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 Local 27 Educational Trust Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Sheet Metal Workers Local 27 Educational Trust Fund appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Sheet Metal Workers Local 27 Educational Trust Fund's strengths?
Positive indicators for Sheet Metal Workers Local 27 Educational Trust Fund include: Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023 based on total expenses of $1,365,540 and program service expenses of $1,228,986).. Maintains a healthy asset base, with assets consistently exceeding liabilities.. Stable revenue streams over the past several years, demonstrating financial resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Sheet Metal Workers Local 27 Educational Trust Fund compensate executives?
Executive compensation is not reported in the available Form 990-EZ filings, indicating no highly compensated employees or officers receiving over $100,000. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Educational Trust Fund' designation, what specific educational programs or services are provided to sheet metal workers, and how are their impacts measured?
The Form 990-EZ filings do not provide specific details on the types of educational programs offered or their measurable outcomes. Further inquiry would be needed to understand the scope and impact of their educational initiatives.
Filing History
IRS 990 filing history for Sheet Metal Workers Local 27 Educational Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Workers Local 27 Educational Trust Fund's revenue has grown by 140.2%, moving from $616K to $1.5M. Total assets increased by 53.6% over the same period, from $1.3M to $2.1M. Total functional expenses rose by 52.7%, from $894K to $1.4M. In its most recent filing year (2023), Sheet Metal Workers Local 27 Educational Trust Fund reported a surplus of $113K, with revenue exceeding expenses. The organization holds $409K in liabilities against $2.1M in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $2.1M | $409K | — | — |
| 2022 | $1.4M | $1.3M | $1.8M | $374K | — | — |
| 2021 | $1.4M | $1.2M | $1.7M | $198K | — | View 990 |
| 2020 | $1.1M | $1.1M | $1.7M | $347K | — | View 990 |
| 2019 | $1.4M | $1.3M | $1.7M | $436K | — | View 990 |
| 2018 | $1.4M | $1.2M | $1.6M | $485K | — | View 990 |
| 2017 | $1.1M | $866K | $1.4M | $49K | — | View 990 |
| 2016 | $1.0M | $833K | $1.1M | $42K | — | View 990 |
| 2015 | $841K | $722K | $947K | $37K | — | View 990 |
| 2014 | $718K | $741K | $845K | $33K | — | View 990 |
| 2013 | $648K | $836K | $868K | $32K | — | View 990 |
| 2012 | $596K | $890K | $1.1M | $35K | — | View 990 |
| 2011 | $616K | $894K | $1.3M | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $2.1M (revenue +6.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.8M (revenue +1.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $1.7M (revenue +24.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $1.7M (revenue -19.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $1.7M (revenue +1.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $1.6M (revenue +24.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $866K, and assets of $1.4M (revenue +8.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $833K, and assets of $1.1M (revenue +20.5% year-over-year).
- 2015: Revenue of $841K, expenses of $722K, and assets of $947K (revenue +17.2% year-over-year).
- 2014: Revenue of $718K, expenses of $741K, and assets of $845K (revenue +10.7% year-over-year).
- 2013: Revenue of $648K, expenses of $836K, and assets of $868K (revenue +8.8% year-over-year).
- 2012: Revenue of $596K, expenses of $890K, and assets of $1.1M (revenue -3.2% year-over-year).
- 2011: Revenue of $616K, expenses of $894K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers Local 27 Educational Trust Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Workers Local 27 Educational Trust 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.