Sheet Metal Workers Local Union No28 Labor Management Committee And Trust
Sheet Metal Workers Local Union No28 Trust reports $0 revenue and assets in latest filing, a significant departure from prior multi-million dollar operations.
EIN: 133230745 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $5.1M |
| Program Spending | 85% |
| Net Assets | $3.5M |
| Transparency Score | 65/100 |
Is Sheet Metal Workers Local Union No28 Labor Management Committee And Trust 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 Union No28 Labor Management Committee And Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers Local Union No28 Labor Management Committee And Trust
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust (EIN: 133230745) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers Local Union No28 Labor Management Committee And Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.1M |
| Surplus / Deficit | $-346,508 |
| Total Assets | $3.8M |
| Total Liabilities | $214K |
| Net Assets | $3.5M |
| Operating Margin | -7.3% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2015, Sheet Metal Workers Local Union No28 Labor Management Committee And Trust reported a deficit of $347K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Sheet Metal Workers Local Union No28 Labor Management Committee And Trust's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -9.6% | -3.3% | -11.8% |
| 2014 | +7.6% | +10.6% | +2.6% |
| 2013 | +1.3% | +23.5% | -0.3% |
| 2012 | +40.6% | -19.4% | +15.3% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheet Metal Workers Local Union No28 Labor Management Committee And Trust 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sheet Metal Workers Local Union No28 Labor Management Committee And Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $347K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting either a volunteer leadership structure, compensation being reported under other expense categories, or a highly efficient use of funds by not allocating direct compensation to officers.
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 Union No28 Labor Management Committee And Trust's IRS 990 filings:
- Sudden and unexplained drop to $0 revenue and assets in the latest filing, contrasting sharply with historical financial activity.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full efficiency analysis.
Strengths
The following positive indicators were identified for Sheet Metal Workers Local Union No28 Labor Management Committee And Trust:
- Consistent near-break-even operations in prior years, indicating effective management of income and expenses.
- Decreasing liabilities over the five-year period, from $1,148,907 in 2011 to $213,500 in 2015, suggesting improved financial stability.
- No reported officer compensation, potentially indicating high efficiency in leadership costs or a volunteer-led structure.
Frequently Asked Questions about Sheet Metal Workers Local Union No28 Labor Management Committee And Trust
Is Sheet Metal Workers Local Union No28 Labor Management Committee And Trust a legitimate charity?
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust (EIN: 133230745) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sheet Metal Workers Local Union No28 Labor Management Committee And Trust spend its money?
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sheet Metal Workers Local Union No28 Labor Management Committee And Trust tax-deductible?
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust is registered as a tax-exempt nonprofit (EIN: 133230745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Workers Local Union No28 Labor Management Committee And Trust's spending goes to programs?
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sheet Metal Workers Local Union No28 Labor Management Committee And Trust located?
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust is headquartered in Brooklyn, New York and files with the IRS under EIN 133230745.
How many years of IRS 990 filings does Sheet Metal Workers Local Union No28 Labor Management Committee And Trust have?
Sheet Metal Workers Local Union No28 Labor Management Committee And Trust has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why did the organization report $0 in revenue and assets in its latest filing, deviating from prior years' multi-million dollar figures?
The latest filing shows a drastic change to $0 revenue and assets, which is inconsistent with previous years where revenue ranged from $3.4M to $5.2M and assets from $3.6M to $4.2M. This requires clarification to understand the organization's current operational status.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a granular breakdown of expenses, making it difficult to precisely determine the percentage allocated to programs versus overhead. This information is crucial for a full assessment of spending efficiency.
Filing History
IRS 990 filing history for Sheet Metal Workers Local Union No28 Labor Management Committee And Trust showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Sheet Metal Workers Local Union No28 Labor Management Committee And Trust's revenue has grown by 38.7%, moving from $3.4M to $4.8M. Total assets increased by 4.1% over the same period, from $3.6M to $3.8M. Total functional expenses rose by 6.6%, from $4.8M to $5.1M. In its most recent filing year (2015), Sheet Metal Workers Local Union No28 Labor Management Committee And Trust reported a deficit of $347K, with expenses exceeding revenue. The organization holds $214K in liabilities against $3.8M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $4.8M | $5.1M | $3.8M | $214K | — | View 990 |
| 2014 | $5.3M | $5.3M | $4.3M | $368K | — | View 990 |
| 2013 | $4.9M | $4.8M | $4.2M | $600K | — | View 990 |
| 2012 | $4.8M | $3.9M | $4.2M | $732K | — | View 990 |
| 2011 | $3.4M | $4.8M | $3.6M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $4.8M, expenses of $5.1M, and assets of $3.8M (revenue -9.6% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.3M, and assets of $4.3M (revenue +7.6% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.8M, and assets of $4.2M (revenue +1.3% year-over-year).
- 2012: Revenue of $4.8M, expenses of $3.9M, and assets of $4.2M (revenue +40.6% year-over-year).
- 2011: Revenue of $3.4M, expenses of $4.8M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers Local Union No28 Labor Management Committee And Trust:
Data Sources and Methodology
This transparency report for Sheet Metal Workers Local Union No28 Labor Management Committee And Trust 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.