Civic Intelligence

Sheet Metal Workers Local 40 Labor Management Cooperation Fund

990 • Fiscal year 2023 • EIN 06-6468874

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 06, 2024

100A Old Forge RoadRocky Hill, CT 06067

(860) 529-2616

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-147%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Asset Growth

2nd percentile

-27%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

30%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,138,007

Down $790,183 (-27%) from 2022

Net Assets

Down

$2,138,007

Down $790,183 (-27%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$538,403

Up $123,917 (+30%) from 2022

Expenses

Up

$1,328,586

Up $936,953 (+239%) from 2022

Net Income

Down

-$790,183

Down $813,036 (-3558%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,624,049Liabilities 2010: $442,050Net Assets 2010: $1,181,9992010Assets 2011: $1,772,689Liabilities 2011: $432,050Net Assets 2011: $1,340,6392011Assets 2012: $1,758,152Liabilities 2012: $434,250Net Assets 2012: $1,323,9022012Assets 2013: $1,445,398Liabilities 2013: $178,981Net Assets 2013: $1,266,4172013Assets 2014: $1,266,812Liabilities 2014: $106,008Net Assets 2014: $1,160,8042014Assets 2015: $1,443,110Liabilities 2015: $0Net Assets 2015: $1,443,1102015Assets 2016: $1,697,527Liabilities 2016: $0Net Assets 2016: $1,697,5272016Assets 2017: $2,087,275Liabilities 2017: $0Net Assets 2017: $2,087,2752017Assets 2018: $2,245,202Liabilities 2018: $0Net Assets 2018: $2,245,2022018Assets 2019: $2,535,172Liabilities 2019: $0Net Assets 2019: $2,535,1722019Assets 2020: $2,732,016Liabilities 2020: $0Net Assets 2020: $2,732,0162020Assets 2021: $2,905,337Liabilities 2021: $0Net Assets 2021: $2,905,3372021Assets 2022: $2,928,190Liabilities 2022: $0Net Assets 2022: $2,928,1902022Assets 2023: $2,138,007Liabilities 2023: $0Net Assets 2023: $2,138,0072023Assets 2024: $2,342,065Liabilities 2024: $0Net Assets 2024: $2,342,0652024

Highlighted filing

2023

Assets$2,138,007
Liabilities$0
Net Assets$2,138,007

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $496,4752010Revenue 2011: $620,381Expenses 2011: $386,074Net Income 2011: $234,3072011Expenses 2012: $510,1162012Revenue 2013: $608,476Expenses 2013: $678,736Net Income 2013: -$70,2602013Revenue 2014: $821,313Expenses 2014: $885,263Net Income 2014: -$63,9502014Revenue 2015: $561,426Expenses 2015: $262,439Net Income 2015: $298,9872015Revenue 2016: $645,863Expenses 2016: $393,544Net Income 2016: $252,3192016Revenue 2017: $524,437Expenses 2017: $134,121Net Income 2017: $390,3162017Revenue 2018: $628,398Expenses 2018: $352,011Net Income 2018: $276,3872018Revenue 2019: $611,170Expenses 2019: $459,968Net Income 2019: $151,2022019Revenue 2020: $484,271Expenses 2020: $291,445Net Income 2020: $192,8262020Revenue 2021: $519,014Expenses 2021: $351,118Net Income 2021: $167,8962021Revenue 2022: $414,486Expenses 2022: $391,633Net Income 2022: $22,8532022Revenue 2023: $538,403Expenses 2023: $1,328,586Net Income 2023: -$790,1832023Revenue 2024: $541,799Expenses 2024: $339,176Net Income 2024: $202,6232024

Highlighted filing

2023

Revenue$538,403
Expenses$1,328,586
Net Income-$790,183
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 6, 2024
Return Version
2023v5.1
Gross Receipts
$538,403
Mission and Program Overview

Mission

The organization promotes joint labor management activities in support of obtaining work for signatory contractors and union members

The organization promotes joint labor management activities in support of obtaining work for signatory contractors and union members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,375,270$1,880,724▼ $494,546
Cash and Non-Interest-Bearing Accounts$227,085$188,397▼ $38,688
Total Assets$2,928,190$2,138,007▼ $790,183
Other Assets Total$325,835$68,886▼ $256,949
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,928,190$2,138,007▼ $790,183
Total Net Assets Fund Balance$2,928,190$2,138,007▼ $790,183
Total Liabilities and Net Assets / Fund Balance$2,928,190$2,138,007▼ $790,183
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob ButlerTrustee
Michael ThompsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$431,531
Investment Income
$106,872
Other Revenue
$0
Change in Net Assets
$-790,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,313,388
Advertising---$8,458
Fees for Services Accounting---$3,500
Fees for Service Investment Mgmnt Fees---$1,388
Fees for Services Legal---$1,071
Conferences and Meetings---$781
Total Functional Expenses$0$0$0$1,328,586
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A review was conducted by the organization's trustee signing the 990. The form 990 was provided to the organization's governing board via paper copy or e-mail.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, policies and form 990 are made available upon request.

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local 40
EIN
06-6468874
Phone
8605292616
Address
100A OLD FORGE ROAD, ROCKY HILL, CT 06067

Signing Officer

Name
Robert Butler
Title
Trustee
Phone
8605292616
Signed
2024-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Butler
Formed
1998
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Manzi & Associates LLC
Address
855 TURNPIKE STREET, NORTH ANDOVER, MA 01845
Preparer
Jeannie Mickel
Phone
9789751099
Raw XML Appendix276 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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ReturnHeader/BusinessOfficerGrp/PhoneNum08605292616
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEET METAL WORKERS LOCAL 40
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LABOR MANGAGEMENT COOPERATION FUND
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ReturnHeader/Filer/PhoneNum08605292616
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ReturnHeader/Filer/USAddress/CityNm0ROCKY HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043508036
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MANZI & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0855 TURNPIKE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH ANDOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001845
ReturnHeader/PreparerPersonGrp/PhoneNum09789751099
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEANNIE MICKEL
ReturnHeader/ReturnTs02024-09-05T13:44:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.54$0.34$0.20
2023Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$0.54$1.33$0.79
2022Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$0.41$0.39$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$0.52$0.35$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$0.48$0.29$0.19
2019Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$0.61$0.46$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.63$0.35$0.28
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$0.52$0.13$0.39
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.65$0.39$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.56$0.26$0.30
2014Detailed filing. Detailed filing data is available for this year.$1.27$0.11$1.16$0.82$0.89$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.45$0.18$1.27$0.61$0.68$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.43$1.32$0.51
2011Summary only. Only limited summary data is available for this year.$1.77$0.43$1.34$0.62$0.39$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.44$1.18$0.50