ZUnclassifiedEIN: 314397633

Sheet Metal Worker Local 98 Welfare Fund

Ona, West Virginia

B+Health Score
67B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 111 peers in Unclassified with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.52×
Peer Median5.86×
💰
$10.8M
Total Revenue
📊
$8.5M
Total Expenses
🏦
$13.0M
Net Assets
📋
$145K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-9.7%
Year-over-year change (2022 → 2023)
Net Margin
+21.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.52
Net assets divided by total expenses
Liabilities-to-Assets
1.1%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2023$10,782,47910%$8,514,94338%$13,120,62712%
2022$11,944,47618%$13,651,73529%$14,847,1914%
2021$10,105,1181%$10,544,9534%$15,445,0332%
2020$10,246,3673%$10,150,53913%$15,700,4079%
2019$9,911,70223%$8,999,1221%$14,400,82717%
2018$8,044,65011%$8,940,8765%$12,307,6878%
2017$9,005,4573%$8,486,19111%$13,423,1519%
2016$8,757,83935%$9,512,10572%$12,332,8069%
2015$6,463,4392%$5,520,01830%$11,318,943
2014$6,568,20710%$7,835,53411%$11,354,2177%
2013$7,279,605$7,030,5954%$12,147,0642%
2012$7,303,3748%$7,354,41419%$12,413,8277%
2011$7,953,0219%$6,166,98717%$13,351,4354%
2010$7,283,045$7,402,361$12,806,790

Frequently Asked Questions

What does Sheet Metal Worker Local 98 Welfare Fund do?

Sheet Metal Worker Local 98 Welfare Fund is a unclassified nonprofit organization based in West Virginia. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Sheet Metal Worker Local 98 Welfare Fund financially healthy?

Based on our 9-metric Financial Health Score model, Sheet Metal Worker Local 98 Welfare Fund has a score of 67/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Sheet Metal Worker Local 98 Welfare Fund generate?

Sheet Metal Worker Local 98 Welfare Fund reports $16.5M in annual revenue and holds $18.0M in total assets, based on IRS filings.

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