Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd
Sheet Metal Workers Local 17 Training Fund: Steady Growth, Strong Program Focus
EIN: 222562168 · Dorchester, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.6M |
| Program Spending | 88% |
| Net Assets | $12.4M |
| Transparency Score | 85/100 |
Is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd (EIN: 222562168) is a nonprofit organization based in Dorchester, MA. The organization reported total revenue of $4.0M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is a mid-size nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). 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 | $5.0M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $12.5M |
| Total Liabilities | $121K |
| Net Assets | $12.4M |
| Operating Margin | 29.1% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 42.2 months |
Financial Health Grade: A
In 2023, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd reported a surplus of $1.5M with revenue exceeding expenses, holds 42.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.2% | +4.7% | +4.6% |
| 2022 | +11.1% | +18.5% | -5.0% |
| 2021 | +18.0% | +1.6% | +12.9% |
| 2020 | -5.3% | -10.7% | +6.9% |
| 2019 | +16.0% | +13.3% | +4.4% |
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 Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the organization appears to be a trust fund primarily focused on training and apprenticeship, with expenses largely allocated to program services rather than high individual salaries.
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 Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd:
- Consistent revenue growth over the past several years, indicating stable funding for its mission.
- High percentage of expenses dedicated to program services (e.g., 88% in 2023), demonstrating a strong commitment to its core mission of apprenticeship and training.
- Healthy asset base of over $13 million in 2023, providing financial stability.
- Low fundraising costs, suggesting efficient operations and strong donor/contributor relationships.
Frequently Asked Questions about Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd
Is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd a legitimate charity?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd (EIN: 222562168) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd spend its money?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd tax-deductible?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is registered as a tax-exempt nonprofit (EIN: 222562168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's spending goes to programs?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd located?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is headquartered in Dorchester, Massachusetts and files with the IRS under EIN 222562168.
How many years of IRS 990 filings does Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd have?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd has 12 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 $4.0M in total revenue.
What does Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd do?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is a nonprofit organization in the Unknown sector, located in Dorchester, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd have?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd reported total revenue of $4,003,405. Based on 12 IRS 990 filings on record.
What are Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's total assets?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd holds total assets of $13,240,470 as reported in IRS 990 filings.
Where is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd located?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is based in Dorchester, Massachusetts.
What is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's EIN?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's Employer Identification Number (EIN) is 222562168. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd is classified under NTEE code Unknown (Unknown).
Is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd a registered 501(c)(3)?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd appears in IRS records (EIN: 222562168). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd file IRS Form 990?
Yes, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd has 12 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's revenue in 2023?
In the 202308 filing period, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd reported total revenue of $5,032,894, total expenses of $3,567,386, and net assets of $12,538,567.
Is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's revenue growing or declining?
Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's revenue is growing. Revenue went from $3,955,612 (202208) to $5,032,894 (202308), a +27.2% change. Based on 12 filings on record.
What is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's most recent 990 filing?
The most recent IRS Form 990 filing for Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd covers tax period 202308. It shows revenue of $5,032,894, expenses of $3,567,386, total assets of $12,538,567, and liabilities of $120,575.
How much does Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd spend on programs vs administration?
Based on IRS 990 analysis, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd a trustworthy charity?
Based on AI analysis of IRS 990 data, Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's strengths?
Positive indicators for Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd include: Consistent revenue growth over the past several years, indicating stable funding for its mission.. High percentage of expenses dedicated to program services (e.g., 88% in 2023), demonstrating a strong commitment to its core mission of apprenticeship and training.. Healthy asset base of over $13 million in 2023, providing financial stability.. Low fundraising costs, suggesting efficient operations and strong donor/contributor relationships.. These findings are derived from AI analysis of the organization's financial filings.
How does Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the organization appears to be a trust fund primarily focused on training and apprenticeship, with expenses largely allocated to program services rather than high individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the trust fund ensure the long-term relevance and adaptability of its training programs given evolving industry technologies and demands?
While financial data shows consistent program spending, the filings do not detail the specific curriculum updates or technology investments made to keep training current. This would be crucial for assessing the future impact of its programs.
Filing History
IRS 990 filing history for Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd's revenue has grown by 123%, moving from $2.3M to $5.0M. Total assets increased by 79.4% over the same period, from $7.0M to $12.5M. Total functional expenses rose by 108.3%, from $1.7M to $3.6M. In its most recent filing year (2023), Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $121K in liabilities against $12.5M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $12.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $3.6M | $12.5M | $121K | — | View 990 |
| 2022 | $4.0M | $3.4M | $12.0M | $402K | — | View 990 |
| 2021 | $3.6M | $2.9M | $12.6M | $361K | — | View 990 |
| 2020 | $3.0M | $2.8M | $11.2M | $369K | — | View 990 |
| 2019 | $3.2M | $3.2M | $10.5M | $121K | — | View 990 |
| 2018 | $2.7M | $2.8M | $10.0M | $0 | — | View 990 |
| 2017 | $2.3M | $2.6M | $9.8M | $0 | — | View 990 |
| 2016 | $2.6M | $2.4M | $9.8M | $0 | — | View 990 |
| 2015 | $2.6M | $2.1M | $9.3M | $14 | — | View 990 |
| 2014 | $2.5M | $1.9M | $9.0M | $2K | — | View 990 |
| 2013 | $2.8M | $1.7M | $8.2M | $2K | — | View 990 |
| 2012 | $2.3M | $1.7M | $7.0M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $3.6M, and assets of $12.5M (revenue +27.2% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.4M, and assets of $12.0M (revenue +11.1% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.9M, and assets of $12.6M (revenue +18.0% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.8M, and assets of $11.2M (revenue -5.3% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.2M, and assets of $10.5M (revenue +16.0% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.8M, and assets of $10.0M (revenue +17.3% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.6M, and assets of $9.8M (revenue -9.0% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.4M, and assets of $9.8M (revenue +0.4% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.1M, and assets of $9.3M (revenue +4.1% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.9M, and assets of $9.0M (revenue -12.0% year-over-year).
- 2013: Revenue of $2.8M, expenses of $1.7M, and assets of $8.2M (revenue +23.9% year-over-year).
- 2012: Revenue of $2.3M, expenses of $1.7M, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd:
Data Sources and Methodology
This transparency report for Sheet Metal Wrkrs Local Union No 17 Joint Apprntc & Training Trust Fnd 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.