Civic Intelligence

Sheet Metal Workers Local No 4 Apprentice Fund

EIN 62-0811943 • 501(c)3 • Memphis, TN

Profile

Training of apprentice sheet metal workers

6735 Whitten Place Suite 5AMemphis, TN 38133

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

80th percentile

$13,562

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

94th percentile

77%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

90th percentile

75%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,519,780

Up $660,316 (+77%) from 2024

Liabilities

Up

$3,912

Up $1,323 (+51%) from 2024

Net Assets

Up

$1,515,868

Up $658,993 (+77%) from 2024

Revenue

Up

$1,013,376

Up $435,890 (+75%) from 2024

Expenses

Up

$354,383

Up $130,200 (+58%) from 2024

Net Income

Up

$658,993

Up $305,690 (+87%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $160,025Liabilities 2011: $1,614Net Assets 2011: $158,4112011Assets 2012: $158,205Liabilities 2012: $1,445Net Assets 2012: $156,7602012Assets 2013: $178,444Liabilities 2013: $1,878Net Assets 2013: $176,5662013Assets 2014: $228,339Liabilities 2014: $1,239Net Assets 2014: $227,1002014Assets 2015: $313,138Liabilities 2015: $2,378Net Assets 2015: $310,7602015Assets 2016: $375,562Liabilities 2016: $2,625Net Assets 2016: $372,9372016Assets 2017: $424,868Liabilities 2017: $2,325Net Assets 2017: $422,5432017Assets 2018: $446,933Liabilities 2018: $2,900Net Assets 2018: $444,0332018Assets 2019: $481,010Liabilities 2019: $957Net Assets 2019: $480,0532019Assets 2020: $483,113Liabilities 2020: $1,279Net Assets 2020: $481,8342020Assets 2021: $537,311Liabilities 2021: $1,684Net Assets 2021: $535,6272021Assets 2022: $522,188Liabilities 2022: $1,607Net Assets 2022: $520,5812022Assets 2023: $505,600Liabilities 2023: $2,028Net Assets 2023: $503,5722023Assets 2024: $859,464Liabilities 2024: $2,589Net Assets 2024: $856,8752024Assets 2025: $1,519,780Liabilities 2025: $3,912Net Assets 2025: $1,515,8682025

Highlighted filing

2025

Assets$1,519,780
Liabilities$3,912
Net Assets$1,515,868

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $57,033Expenses 2011: $92,998Net Income 2011: -$35,9652011Revenue 2012: $76,367Expenses 2012: $80,247Net Income 2012: -$3,8802012Revenue 2013: $104,814Expenses 2013: $85,008Net Income 2013: $19,8062013Revenue 2014: $136,683Expenses 2014: $86,149Net Income 2014: $50,5342014Revenue 2015: $155,481Expenses 2015: $71,821Net Income 2015: $83,6602015Revenue 2016: $148,951Expenses 2016: $86,774Net Income 2016: $62,1772016Revenue 2017: $147,567Expenses 2017: $97,961Net Income 2017: $49,6062017Revenue 2018: $162,446Expenses 2018: $140,956Net Income 2018: $21,4902018Revenue 2019: $174,076Expenses 2019: $138,056Net Income 2019: $36,0202019Revenue 2020: $159,461Expenses 2020: $157,680Net Income 2020: $1,7812020Revenue 2021: $183,942Expenses 2021: $130,149Net Income 2021: $53,7932021Revenue 2022: $157,127Expenses 2022: $172,173Net Income 2022: -$15,0462022Revenue 2023: $189,823Expenses 2023: $206,832Net Income 2023: -$17,0092023Revenue 2024: $577,486Expenses 2024: $224,183Net Income 2024: $353,3032024Revenue 2025: $1,013,376Expenses 2025: $354,383Net Income 2025: $658,9932025

Highlighted filing

2025

Revenue$1,013,376
Expenses$354,383
Net Income$658,993

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.00$1.52$1.01$0.35$0.66
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.00$0.86$0.58$0.22$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.50$0.19$0.21$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.16$0.17$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.18$0.13$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.16$0.16$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.00$0.48$0.17$0.14$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.44$0.16$0.14$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.00$0.42$0.15$0.10$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.37$0.15$0.09$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.16$0.07$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.14$0.09$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.10$0.09$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.08$0.08$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.06$0.09$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Aug 6, 2025
Return Version
2024v5.2
Gross Receipts
$1,013,376
Mission and Program Overview

Mission

The memphis tennessee sheet metal workers apprenticeship and training program is dedicated to excellence in vocational sheet metal training for the unionized sheet metal industry.in order to provide a qualified workforce for our contractors and meet the changing needs of the sheet metal industry we strive to provide the best possible education to all motivated individuals who have chosen to pursue a career in the sheet metal industry and to provide continuing education for journeypersons already working in the trade.

The sheet metal workers apprenticeship and training program is dedicated to excellence in vocational sheet metal training for the unionized sheet metal industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$436,243$1,094,802▲ $658,559
Land, Buildings, and Equipment, Net$394,789$396,463▲ $1,674
Savings and Temporary Cash Investments$28,432$28,515▲ $83
Total Assets$859,464$1,519,780▲ $660,316
Liabilities
Accounts Payable and Accrued Expenses$2,589$3,912▲ $1,323
Total Liabilities$2,589$3,912▲ $1,323
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$856,875$1,515,868▲ $658,993
Total Net Assets Fund Balance$856,875$1,515,868▲ $658,993
Total Liabilities and Net Assets / Fund Balance$859,464$1,519,780▲ $660,316

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$307,366$174,177$481,543
Equipment$87,091$49,082$136,173
Other Land Buildings$2,006$7,000$9,006
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike ThorneTrustee- Chairman
David SinkTrustee
Howard SchockeTrustee
James MoonTrustee
Jeremy MorrowTrustee
Josh WalkerTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$27,000
Program Service Revenue
$986,288
Investment Income
$88
Other Revenue
$0
Change in Net Assets
$658,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,013,376
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,013,376
Total Revenue per Form 990
$1,013,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$214,391
Other Expenses$139,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$149,277$13,984-$163,261
Depreciation Depletion$44,759$4,973-$49,732
Other Employee Benefits$34,981$3,277-$38,258
Occupancy$19,115$680-$19,795
Office Expenses-$18,425-$18,425
Payroll Taxes$11,738$1,134-$12,872
Fees for Services Accounting-$7,833-$7,833
Insurance$6,373$480-$6,853
Conferences and Meetings$5,803--$5,803
Other Expenses$6,593$544-$544
Total Functional Expenses$303,053$51,330$0$354,383

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$354,383
Total Expenses per Audited Statements$354,383
Total Expenses per Form 990$354,383
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

Executive director reviews and signs the return that is also available for review by board members.

Form 990, Part VI, Section B, Line 12C

Annual disclosure statements signed by applicable parties.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local 4
EIN
62-0811943
Phone
9012744013
Address
6735 WHITTEN PLACE SUITE 5A, MEMPHIS, TN 38133

Signing Officer

Name
Mike Thorne
Title
Trustee
Phone
9012744013
Signed
2025-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Thorne
Formed
1969
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
15
Volunteers
0

Preparer

Firm
Lbmc Pc
Address
5100 POPLAR AVE STE 1400, MEMPHIS, TN 38137
Preparer
Lynn Dietz CPA
Phone
9016851040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Based upon the evaluation of the organization's tax positions, management believes all positions taken would more likely than not be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended march 31, 2025 and 2024.

Raw XML Appendix359 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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt049082
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0136173
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0354383
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0307366
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0174177
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0481543
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02006
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09006
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01013376
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BASED UPON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED MARCH 31, 2025 AND 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0396463
IRS990ScheduleD/TotalExpensesPerForm990Amt0354383
IRS990ScheduleD/TotalRevenuePerForm990Amt01013376
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01013376
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0354383
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR REVIEWS AND SIGNS THE RETURN THAT IS ALSO AVAILABLE FOR REVIEW BY BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE STATEMENTS SIGNED BY APPLICABLE PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0859464
IRS990/TotalAssetsEOYAmt01519780
IRS990/TotalAssetsGrp/BOYAmt0859464
IRS990/TotalAssetsGrp/EOYAmt01519780
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt027000
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051330
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0303053
IRS990/TotalFunctionalExpensesGrp/TotalAmt0354383
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02589
IRS990/TotalLiabilitiesEOYAmt03912
IRS990/TotalLiabilitiesGrp/BOYAmt02589
IRS990/TotalLiabilitiesGrp/EOYAmt03912
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0856875
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01515868
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0303053
IRS990/TotalProgramServiceRevenueAmt0986288
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt088
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0986288
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01013376
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0859464
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01519780
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06735 WHITTEN PLACE SUITE 5A
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038133
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SMARTUNION4.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE THORNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09012744013
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEET METAL WORKERS LOCAL 4
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0APPRENTICE FUND
ReturnHeader/Filer/BusinessNameControlTxt0SHEE
ReturnHeader/Filer/EIN0620811943
ReturnHeader/Filer/PhoneNum09012744013
ReturnHeader/Filer/USAddress/AddressLine1Txt06735 WHITTEN PLACE SUITE 5A
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038133
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621199757
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LBMC PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 POPLAR AVE STE 1400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038137
ReturnHeader/PreparerPersonGrp/PhoneNum09016851040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNN DIETZ CPA
ReturnHeader/ReturnTs02025-08-12T11:23:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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