Civic Intelligence

Sheet Metal Workers Local Union 32

EIN 65-6088549 • 501(c)9 • Pembroke Pines, FL

View Organization Page

Profile

SEE BELOW

2010 NW 150th Avenue STE Suite 200Pembroke Pines, FL 33028
Siviq Scores

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

Liabilities / Assets

41st percentile

0.00x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

43rd percentile

0.00x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

501(c)9 • $5M-$10M nonprofits • Source year 2025

Asset Growth

85th percentile

23%

Faster asset growth than 85% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

57th percentile

9.5%

Faster revenue growth than 57% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$4,556,915

Up $862,056 (+23%) from 2024

Liabilities

Down

$16,318

Down $966,946 (-98%) from 2024

Net Assets

Up

$4,540,597

Up $1,829,002 (+67%) from 2024

Operations
Liabilities / Revenue43rd percentileNet Margin75th percentile

Revenue

Up

$5,409,177

Up $467,498 (+9.5%) from 2024

Expenses

Up

$4,549,879

Up $456,590 (+11%) from 2024

Net Income

Up

$859,298

Up $10,908 (+1.3%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,508,476Liabilities 2010: $1,298,799Net Assets 2010: $4,209,6772010Assets 2011: $5,640,445Liabilities 2011: $1,338,965Net Assets 2011: $4,301,4802011Assets 2012: $5,211,213Liabilities 2012: $1,215,024Net Assets 2012: $3,996,1892012Assets 2013: $5,006,338Liabilities 2013: $1,527,552Net Assets 2013: $3,478,7862013Assets 2014: $4,010,945Liabilities 2014: $1,135,827Net Assets 2014: $2,875,1182014Assets 2015: $3,559,941Liabilities 2015: $837,141Net Assets 2015: $2,722,8002015Assets 2016: $3,615,638Liabilities 2016: $624,795Net Assets 2016: $2,990,8432016Assets 2017: $3,802,425Liabilities 2017: $757,824Net Assets 2017: $3,044,6012017Assets 2018: $3,369,558Liabilities 2018: $785,449Net Assets 2018: $2,584,1092018Assets 2019: $3,146,957Liabilities 2019: $730,678Net Assets 2019: $2,416,2792019Assets 2021: $2,589,478Liabilities 2021: $730,678Net Assets 2021: $1,858,8002021Assets 2022: $2,789,687Liabilities 2022: $730,678Net Assets 2022: $2,059,0092022Assets 2023: $2,575,489Liabilities 2023: $769,548Net Assets 2023: $1,805,9412023Assets 2024: $3,694,859Liabilities 2024: $983,264Net Assets 2024: $2,711,5952024Assets 2025: $4,556,915Liabilities 2025: $16,318Net Assets 2025: $4,540,5972025

Highlighted filing

2025

Assets$4,556,915
Liabilities$16,318
Net Assets$4,540,597
Open 2025 Filing

Operations Trend

Revenue Growth57th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,575,5142010Expenses 2011: $3,510,8902011Revenue 2012: $3,721,180Expenses 2012: $4,049,293Net Income 2012: -$328,1132012Expenses 2013: $3,752,8112013Revenue 2014: $2,422,427Expenses 2014: $3,084,491Net Income 2014: -$662,0642014Revenue 2015: $2,665,011Expenses 2015: $2,764,301Net Income 2015: -$99,2902015Revenue 2016: $2,859,158Expenses 2016: $2,635,037Net Income 2016: $224,1212016Revenue 2017: $3,374,506Expenses 2017: $3,274,606Net Income 2017: $99,9002017Revenue 2018: $3,162,817Expenses 2018: $3,582,701Net Income 2018: -$419,8842018Revenue 2019: $3,045,448Expenses 2019: $3,315,685Net Income 2019: -$270,2372019Revenue 2021: $3,176,918Expenses 2021: $3,481,546Net Income 2021: -$304,6282021Revenue 2022: $3,986,309Expenses 2022: $3,642,096Net Income 2022: $344,2132022Revenue 2023: $3,416,261Expenses 2023: $3,644,170Net Income 2023: -$227,9092023Revenue 2024: $4,941,679Expenses 2024: $4,093,289Net Income 2024: $848,3902024Revenue 2025: $5,409,177Expenses 2025: $4,549,879Net Income 2025: $859,2982025

Highlighted filing

2025

Revenue$5,409,177
Expenses$4,549,879
Net Income$859,298
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,556,915
Liabilities
$16,318
Net assets
$4,540,597
Revenue
$5,409,177
Expenses
$4,549,879
Net income
$859,298
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.56$0.02$4.54$5.41$4.55$0.86
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.69$0.98$2.71$4.94$4.09$0.85
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$0.77$1.81$3.42$3.64$0.23
2022Detailed filing. Detailed filing data is available for this year.$2.79$0.73$2.06$3.99$3.64$0.34
2021Detailed filing. Detailed filing data is available for this year.$2.59$0.73$1.86$3.18$3.48$0.30
2019Detailed filing. Detailed filing data is available for this year.$3.15$0.73$2.42$3.05$3.32$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.79$2.58$3.16$3.58$0.42
2017Detailed filing. Detailed filing data is available for this year.$3.80$0.76$3.04$3.37$3.27$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$0.62$2.99$2.86$2.64$0.22
2015Detailed filing. Detailed filing data is available for this year.$3.56$0.84$2.72$2.67$2.76$0.10
2014Detailed filing. Detailed filing data is available for this year.$4.01$1.14$2.88$2.42$3.08$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$1.53$3.48$3.75
2012Summary only. Only limited summary data is available for this year.$5.21$1.22$4.00$3.72$4.05$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$1.34$4.30$3.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.51$1.30$4.21$3.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$8,113,205
Mission and Program Overview

Mission

SEE BELOW

The Funds purpose is to provide health and welfare benefits to eligible participants and their dependents under terms of various collective bargaining and participating agreements between the various employers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,893,915$2,898,915▲ $1,005,000
Cash and Non-Interest-Bearing Accounts$915,467$1,331,855▲ $416,388
Accounts Receivable$801,763$303,778▼ $497,985
Savings and Temporary Cash Investments$83,714$22,367▼ $61,347
Total Assets$3,694,859$4,556,915▲ $862,056
Liabilities
Other Liabilities$896,618--
Accounts Payable and Accrued Expenses$86,646$16,318▼ $70,328
Total Liabilities$983,264$16,318▼ $966,946
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,711,595$4,540,597▲ $1,829,002
Total Net Assets Fund Balance$2,711,595$4,540,597▲ $1,829,002
Total Liabilities and Net Assets / Fund Balance$3,694,859$4,556,915▲ $862,056
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
William a Marvel JrChairman
Christopher J RitchieTrustee
John RudisillTrustee
Rich ApplegateTrustee
Roger L HudspethTrustee
Daniel VillarruelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,314,256
Investment Income
$94,921
Other Revenue
$0
Change in Net Assets
$859,298

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,409,177
Total Revenue per Audited Statements
$5,409,177
Total Revenue per Form 990
$5,409,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,700
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$4,366,179--$4,366,179
Fees for Services Management$74,025--$74,025
Fees for Services Legal$39,990--$39,990
Fees for Services Other$30,000--$30,000
Fees for Services Accounting$18,897--$18,897
Office Expenses$8,705--$8,705
Fees for Service Investment Mgmnt Fees$7,336--$7,336
Other Expenses$3,543--$3,543
Conferences and Meetings$851--$851
Insurance$353--$353
Total Functional Expenses$4,549,879$0$0$4,549,879

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,549,879
Total Expenses per Audited Statements$4,549,879
Total Expenses per Form 990$4,549,879
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Current Benefit Obligations-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

“The return is prepared by the Funds independent certified public accountants which also perform an audit of the Funds books and records. The return is then provided to the Trustees for review and signature.”

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

“The Fund is subject to ERISA and the Trustees conform to its regulations. Section 404 and 406 of ERISA contain strict fiduciary rules and conflicts of interest prohibitions. The Trustees monitor and enforce the Funds compliance with ERISA with the assistance of the Funds professionals.”

Form 990, Part VI, Section C, Line 19

“As required by ERISA the Funds governing documents, policies, financial statements and tax returns are available upon written request to the Funds Administrator and requesting a copy.”

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local Union No 32 Health & Welfare Fund
EIN
65-6088549
Phone
8008425899
Address
2010 NW 150th Avenue STE Suite 200, Pembroke Pines, FL 33028

Signing Officer

Name
William A Marvel Jr
Title
Chairman
Phone
8008425899
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William A Marvel Jr
Formed
1965
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
LaPadula Carlson Co
Address
550 Biltmore Way Suite 1200, Coral Gables, FL 33134
Preparer
Sharon Carlson
Phone
3055299300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

“During the current years review, management identified a reporting error in the prior Form 990, which resulted in an understatement of net assets. In the prior filing, estimated future insurance premiums were reported as a reduction of net assets as an increase to benefits paid. These estimated premiums represented non-current liabilities and did not meet the criteria for recognition as current-year expenses or liabilities under generally accepted accounting principles. Accordingly, the current Form 990 reflects a correction of this error through a prior period adjustment to beginning net assets. The adjustment removes the previousy recorded non-current liability and the related overstatement of benefits paid. This correction has no impact on current-year operations, cash flows, or benefits actually paid to participants. As a result of this adjustment, beginning net assets increased by 896,618, reflecting proper classification and correction of the prior-period reporting error.”

Financial Statement Notes

X 2

“The Trustees have evaluated the tax positions taken by the Fund and have concluded that as of June 30, 2025, there are no uncertain positions taken or expected to be taken, that would require the recognition of a liability or asset or disclosure in the financial statements.”

XII 4B

“Increase in benefit obligations for current benefit coverage.”

Raw XML Appendix321 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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IRS990/BooksInCareOfDetail/USAddress/ZIPCd033028
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IRS990/DeductibleNonCashContriInd0false
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IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt00
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IRS990/FeesForServicesManagementGrp/ProgramServicesAmt074025
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990/PYInvestmentIncomeAmt015339
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0161559
IRS990/PYProgramServiceRevenueAmt04926340
IRS990/PYRevenuesLessExpensesAmt0848390
IRS990/PYTotalExpensesAmt04093289
IRS990/PYTotalRevenueAmt04941679
IRS990/ReconcilationRevenueExpnssAmt0859298
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt083714
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022367
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt04549879
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Current Benefit Obligations
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt05409177
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Trustees have evaluated the tax positions taken by the Fund and have concluded that as of June 30, 2025, there are no uncertain positions taken or expected to be taken, that would require the recognition of a liability or asset or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Increase in benefit obligations for current benefit coverage.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XII 4b
IRS990ScheduleD/TotalExpensesPerForm990Amt04549879
IRS990ScheduleD/TotalRevenuePerForm990Amt05409177
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05409177
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04549879
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is prepared by the Funds independent certified public accountants which also perform an audit of the Funds books and records. The return is then provided to the Trustees for review and signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Fund is subject to ERISA and the Trustees conform to its regulations. Section 404 and 406 of ERISA contain strict fiduciary rules and conflicts of interest prohibitions. The Trustees monitor and enforce the Funds compliance with ERISA with the assistance of the Funds professionals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2As required by ERISA the Funds governing documents, policies, financial statements and tax returns are available upon written request to the Funds Administrator and requesting a copy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3During the current years review, management identified a reporting error in the prior Form 990, which resulted in an understatement of net assets. In the prior filing, estimated future insurance premiums were reported as a reduction of net assets as an increase to benefits paid. These estimated premiums represented non-current liabilities and did not meet the criteria for recognition as current-year expenses or liabilities under generally accepted accounting principles. Accordingly, the current Form 990 reflects a correction of this error through a prior period adjustment to beginning net assets. The adjustment removes the previousy recorded non-current liability and the related overstatement of benefits paid. This correction has no impact on current-year operations, cash flows, or benefits actually paid to participants. As a result of this adjustment, beginning net assets increased by 896,618, reflecting proper classification and correction of the prior-period reporting error.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 8
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03694859
IRS990/TotalAssetsEOYAmt04556915
IRS990/TotalAssetsGrp/BOYAmt03694859
IRS990/TotalAssetsGrp/EOYAmt04556915
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04549879
IRS990/TotalFunctionalExpensesGrp/TotalAmt04549879
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0983264
IRS990/TotalLiabilitiesEOYAmt016318
IRS990/TotalLiabilitiesGrp/BOYAmt0983264
IRS990/TotalLiabilitiesGrp/EOYAmt016318
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02711595
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04540597
IRS990/TotalProgramServiceExpensesAmt04549879
IRS990/TotalProgramServiceRevenueAmt05314256
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05411992
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05409177
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03694859
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04556915
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02010 NW 150th Avenue STE Suite 200
IRS990/USAddress/CityNm0Pembroke Pines
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033028
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William A Marvel Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum08008425899
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sheet Metal Workers Local Union No 32 Health & Welfare Fund
ReturnHeader/Filer/BusinessNameControlTxt0SHEE
ReturnHeader/Filer/EIN0656088549
ReturnHeader/Filer/PhoneNum08008425899
ReturnHeader/Filer/USAddress/AddressLine1Txt02010 NW 150th Avenue STE Suite 200
ReturnHeader/Filer/USAddress/CityNm0Pembroke Pines
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033028
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650292391
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LaPadula Carlson Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0550 Biltmore Way Suite 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Coral Gables
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033134
ReturnHeader/PreparerPersonGrp/PhoneNum03055299300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sharon Carlson
ReturnHeader/ReturnTs02025-11-13T02:42:53-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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