The Sheet Metal Workers Local 25 Education Fund

Is The Sheet Metal Workers Local 25 Education Fund Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

The Sheet Metal Workers Local 25 Education Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About The Sheet Metal Workers Local 25 Education Fund

The Sheet Metal Workers Local 25 Education Fund (EIN: 222561566) is a nonprofit organization based in Carlstadt, NJ, classified under NTEE code B30. The organization reported total revenue of $1.1M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Sheet Metal Workers Local 25 Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

The Sheet Metal Workers Local 25 Education Fund is a mid-size nonprofit that has been operating for 11 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, The Sheet Metal Workers Local 25 Education Fund reported a deficit of $137K with expenses exceeding revenue, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).

Financial Trends

Over 12 years of filings (2011–2023), The Sheet Metal Workers Local 25 Education Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.

IRS Tax-Exempt Classification

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 The Sheet Metal Workers Local 25 Education 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, The Sheet Metal Workers Local 25 Education Fund 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 (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $137K, with expenses exceeding revenue.
• Debt-to-asset ratio: 13.7%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, suggesting that leadership roles may be filled by volunteers or compensated through other entities not directly reported by this fund.

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 The Sheet Metal Workers Local 25 Education Fund's IRS 990 filings:

• Assets have shown a consistent decline from $2,269,740 in 2018 to $1,833,758 in 2023, indicating a potential long-term financial sustainability concern.
• Expenses have frequently exceeded revenue, for example, in 2023, expenses were $1,412,186 against revenues of $1,275,242, leading to a deficit.

Strengths

The following positive indicators were identified for The Sheet Metal Workers Local 25 Education Fund:

• The organization maintains a stable level of revenue and expenses, demonstrating consistent operational capacity.
• Low reported administrative and fundraising costs suggest a focus on program delivery.

Frequently Asked Questions about The Sheet Metal Workers Local 25 Education Fund

Filing History

IRS 990 filing history for The Sheet Metal Workers Local 25 Education Fund showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), The Sheet Metal Workers Local 25 Education Fund's revenue has grown by 35.9%, moving from $939K to $1.3M. Total assets increased by 125.2% over the same period, from $814K to $1.8M. Total functional expenses rose by 59.1%, from $887K to $1.4M. In its most recent filing year (2023), The Sheet Metal Workers Local 25 Education Fund reported a deficit of $137K, with expenses exceeding revenue. The organization holds $251K in liabilities against $1.8M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $1.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $1.8M (revenue +7.3% year-over-year).
• 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $2.0M (revenue +2.7% year-over-year).
• 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $2.1M (revenue +17.1% year-over-year).
• 2020: Revenue of $988K, expenses of $1.3M, and assets of $1.9M (revenue -20.9% year-over-year).
• 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $2.2M (revenue -8.3% year-over-year).
• 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $2.3M (revenue -10.2% year-over-year).
• 2017: Revenue of $1.5M, expenses of $942K, and assets of $2.1M (revenue +10.7% year-over-year).
• 2016: Revenue of $1.4M, expenses of $901K, and assets of $1.5M (revenue -0.9% year-over-year).
• 2015: Revenue of $1.4M, expenses of $983K, and assets of $1.9M (revenue +9.2% year-over-year).
• 2014: Revenue of $1.3M, expenses of $1.0M, and assets of $1.5M (revenue +14.6% year-over-year).
• 2012: Revenue of $1.1M, expenses of $904K, and assets of $1.0M (revenue +17.7% year-over-year).
• 2011: Revenue of $939K, expenses of $887K, and assets of $814K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for The Sheet Metal Workers Local 25 Education Fund:

Data Sources and Methodology

This transparency report for The Sheet Metal Workers Local 25 Education 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.