Sheet Metal Workrs Local 27 Health & Welfare Fund
Sheet Metal Workers Local 27 Health & Welfare Fund: Stable Operations, Declining Assets
EIN: 221538529 · Farmingdale, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $10.9M |
| Program Spending | 90% |
| Net Assets | $11.5M |
| Transparency Score | 75/100 |
Is Sheet Metal Workrs Local 27 Health & Welfare 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 Workrs Local 27 Health & Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workrs Local 27 Health & Welfare Fund
Sheet Metal Workrs Local 27 Health & Welfare Fund (EIN: 221538529) is a nonprofit organization based in Farmingdale, NJ. The organization reported total revenue of $17.5M and total assets of $14.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workrs Local 27 Health & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workrs Local 27 Health & Welfare Fund is a large nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $10.9M |
| Surplus / Deficit | +$712K |
| Total Assets | $12.6M |
| Total Liabilities | $1.1M |
| Net Assets | $11.5M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, Sheet Metal Workrs Local 27 Health & Welfare Fund reported a surplus of $712K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Workrs Local 27 Health & Welfare Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | -1.2% | +15.0% |
| 2022 | -1.4% | +6.8% | -25.6% |
| 2021 | +21.8% | +9.9% | -7.6% |
| 2020 | -22.6% | +15.5% | -1.4% |
| 2019 | +1.7% | -3.0% | +24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Workrs Local 27 Health & Welfare 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 Workrs Local 27 Health & Welfare 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 $712K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing an assessment of specific dollar amounts or reasonableness.
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 Workrs Local 27 Health & Welfare Fund's IRS 990 filings:
- Total assets have shown a significant decline from $16,186,480 in 2019 to $12,606,665 in 2023, warranting further investigation into the causes.
- The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, making it difficult to fully assess spending efficiency.
- Net assets (assets minus liabilities) have decreased from $15,467,347 in 2019 to $11,476,016 in 2023, indicating a reduction in the fund's financial reserves.
Strengths
The following positive indicators were identified for Sheet Metal Workrs Local 27 Health & Welfare Fund:
- The organization consistently generates revenue, with $11,594,174 in 2023, demonstrating ongoing financial activity.
- Liabilities have remained relatively stable and manageable, with $1,130,649 in 2023.
- The fund has a history of consistent operation, with data available from 2016 to 2023.
Frequently Asked Questions about Sheet Metal Workrs Local 27 Health & Welfare Fund
Is Sheet Metal Workrs Local 27 Health & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheet Metal Workrs Local 27 Health & Welfare Fund (EIN: 221538529) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Sheet Metal Workrs Local 27 Health & Welfare Fund spend its money?
Sheet Metal Workrs Local 27 Health & Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheet Metal Workrs Local 27 Health & Welfare Fund tax-deductible?
Sheet Metal Workrs Local 27 Health & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 221538529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Workrs Local 27 Health & Welfare Fund's spending goes to programs?
Sheet Metal Workrs Local 27 Health & Welfare Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sheet Metal Workrs Local 27 Health & Welfare Fund located?
Sheet Metal Workrs Local 27 Health & Welfare Fund is headquartered in Farmingdale, New Jersey and files with the IRS under EIN 221538529.
How many years of IRS 990 filings does Sheet Metal Workrs Local 27 Health & Welfare Fund have?
Sheet Metal Workrs Local 27 Health & Welfare 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 $17.5M in total revenue.
What does Sheet Metal Workrs Local 27 Health & Welfare Fund do?
Sheet Metal Workrs Local 27 Health & Welfare Fund is a nonprofit organization in the Unknown sector, located in Farmingdale, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Sheet Metal Workrs Local 27 Health & Welfare Fund have?
Sheet Metal Workrs Local 27 Health & Welfare Fund reported total revenue of $17,451,269. Based on 13 IRS 990 filings on record.
What are Sheet Metal Workrs Local 27 Health & Welfare Fund's total assets?
Sheet Metal Workrs Local 27 Health & Welfare Fund holds total assets of $14,124,403 as reported in IRS 990 filings.
Where is Sheet Metal Workrs Local 27 Health & Welfare Fund located?
Sheet Metal Workrs Local 27 Health & Welfare Fund is based in Farmingdale, New Jersey.
What is Sheet Metal Workrs Local 27 Health & Welfare Fund's EIN?
Sheet Metal Workrs Local 27 Health & Welfare Fund's Employer Identification Number (EIN) is 221538529. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sheet Metal Workrs Local 27 Health & Welfare Fund?
Sheet Metal Workrs Local 27 Health & Welfare Fund is classified under NTEE code Unknown (Unknown).
Is Sheet Metal Workrs Local 27 Health & Welfare Fund a registered 501(c)(3)?
Sheet Metal Workrs Local 27 Health & Welfare Fund appears in IRS records (EIN: 221538529). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sheet Metal Workrs Local 27 Health & Welfare Fund file IRS Form 990?
Yes, Sheet Metal Workrs Local 27 Health & Welfare Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sheet Metal Workrs Local 27 Health & Welfare Fund's revenue in 2023?
In the 202312 filing period, Sheet Metal Workrs Local 27 Health & Welfare Fund reported total revenue of $11,594,174, total expenses of $10,882,437, and net assets of $12,606,665.
Is Sheet Metal Workrs Local 27 Health & Welfare Fund's revenue growing or declining?
Sheet Metal Workrs Local 27 Health & Welfare Fund's revenue is growing. Revenue went from $9,459,691 (202212) to $11,594,174 (202312), a +22.6% change. Based on 13 filings on record.
What is Sheet Metal Workrs Local 27 Health & Welfare Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Sheet Metal Workrs Local 27 Health & Welfare Fund covers tax period 202312. It shows revenue of $11,594,174, expenses of $10,882,437, total assets of $12,606,665, and liabilities of $1,130,649.
How much does Sheet Metal Workrs Local 27 Health & Welfare Fund spend on programs vs administration?
Based on IRS 990 analysis, Sheet Metal Workrs Local 27 Health & Welfare 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 Workrs Local 27 Health & Welfare Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Sheet Metal Workrs Local 27 Health & Welfare Fund appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Sheet Metal Workrs Local 27 Health & Welfare Fund?
The following concerns were identified: Total assets have shown a significant decline from $16,186,480 in 2019 to $12,606,665 in 2023, warranting further investigation into the causes.. The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, making it difficult to fully assess spending efficiency.. Net assets (assets minus liabilities) have decreased from $15,467,347 in 2019 to $11,476,016 in 2023, indicating a reduction in the fund's financial reserves.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sheet Metal Workrs Local 27 Health & Welfare Fund's strengths?
Positive indicators for Sheet Metal Workrs Local 27 Health & Welfare Fund include: The organization consistently generates revenue, with $11,594,174 in 2023, demonstrating ongoing financial activity.. Liabilities have remained relatively stable and manageable, with $1,130,649 in 2023.. The fund has a history of consistent operation, with data available from 2016 to 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Sheet Metal Workrs Local 27 Health & Welfare Fund compensate executives?
Executive compensation details are not provided in the given data, preventing an assessment of specific dollar amounts or reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant decrease in total assets from $16,186,480 in 2019 to $12,606,665 in 2023, and what strategies are in place to reverse this trend?
Without more detailed financial statements, it's difficult to pinpoint the exact causes. Potential factors could include investment performance, increased benefit payouts, or changes in contribution levels. Further inquiry into investment strategies and benefit management would be necessary.
Given the consistent reporting of 0% lobbying costs, how does the organization advocate for its members' health and welfare interests, if at all?
The absence of reported lobbying costs suggests that advocacy efforts, if present, may occur through non-lobbying channels such as educational initiatives, direct member support, or collaboration with other labor organizations, rather than direct legislative lobbying.
Filing History
IRS 990 filing history for Sheet Metal Workrs Local 27 Health & Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Workrs Local 27 Health & Welfare Fund's revenue has declined by 7.4%, moving from $12.5M to $11.6M. Total assets increased by 19.8% over the same period, from $10.5M to $12.6M. Total functional expenses fell by 10.1%, from $12.1M to $10.9M. In its most recent filing year (2023), Sheet Metal Workrs Local 27 Health & Welfare Fund reported a surplus of $712K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $12.6M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $10.9M | $12.6M | $1.1M | — | — |
| 2022 | $9.5M | $11.0M | $11.0M | $919K | — | — |
| 2021 | $9.6M | $10.3M | $14.7M | $968K | — | View 990 |
| 2020 | $7.9M | $9.4M | $16.0M | $894K | — | View 990 |
| 2019 | $10.2M | $8.1M | $16.2M | $719K | — | View 990 |
| 2018 | $10.0M | $8.4M | $13.0M | $911K | — | View 990 |
| 2017 | $9.0M | $7.7M | $12.0M | $3.2M | — | View 990 |
| 2016 | $9.6M | $7.4M | $9.9M | $3.1M | — | View 990 |
| 2015 | $8.6M | $6.1M | $7.4M | $2.7M | — | View 990 |
| 2014 | $8.3M | $5.8M | $5.2M | $2.8M | — | View 990 |
| 2013 | $8.2M | $10.3M | $4.9M | $4.9M | — | View 990 |
| 2012 | $9.3M | $11.9M | $7.8M | $5.8M | — | View 990 |
| 2011 | $12.5M | $12.1M | $10.5M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $10.9M, and assets of $12.6M (revenue +22.6% year-over-year).
- 2022: Revenue of $9.5M, expenses of $11.0M, and assets of $11.0M (revenue -1.4% year-over-year).
- 2021: Revenue of $9.6M, expenses of $10.3M, and assets of $14.7M (revenue +21.8% year-over-year).
- 2020: Revenue of $7.9M, expenses of $9.4M, and assets of $16.0M (revenue -22.6% year-over-year).
- 2019: Revenue of $10.2M, expenses of $8.1M, and assets of $16.2M (revenue +1.7% year-over-year).
- 2018: Revenue of $10.0M, expenses of $8.4M, and assets of $13.0M (revenue +11.0% year-over-year).
- 2017: Revenue of $9.0M, expenses of $7.7M, and assets of $12.0M (revenue -5.8% year-over-year).
- 2016: Revenue of $9.6M, expenses of $7.4M, and assets of $9.9M (revenue +10.7% year-over-year).
- 2015: Revenue of $8.6M, expenses of $6.1M, and assets of $7.4M (revenue +3.6% year-over-year).
- 2014: Revenue of $8.3M, expenses of $5.8M, and assets of $5.2M (revenue +1.6% year-over-year).
- 2013: Revenue of $8.2M, expenses of $10.3M, and assets of $4.9M (revenue -12.1% year-over-year).
- 2012: Revenue of $9.3M, expenses of $11.9M, and assets of $7.8M (revenue -25.4% year-over-year).
- 2011: Revenue of $12.5M, expenses of $12.1M, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workrs Local 27 Health & Welfare Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Workrs Local 27 Health & Welfare 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.