Sheet Metal Contractors & Local 71 Educational & Training Fund
501(c)(5)
Only null% goes to programs Strong reserves Growing revenue
Sheet Metal Contractors & Local 71 Educational & Training Fund is a 501(c)(5) organization based in Buffalo, New York, registered in 1970, with $494,030 in FY2024 revenue. CharityIndex grades it C+.
24 Liberty Ave, Buffalo, NY, 14215 EIN 23-7063000 Since 1970
Revenue (FY2024)
$494K
▲ 58.4% vs prior year
Expenses (FY2024)
$368K
Net assets
$451K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Sheet Metal Contractors & Local 71 Educational & Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +26% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sheet Metal Contractors & Local 71 Educational & Training Fund: 15 mo reserves · +26% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Sheet Metal Contractors & Local 71 Educational & Training Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sheet Metal Contractors & Local 71 Educational & Training Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $216K (FY2013) to $494K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $428KNet assets $451K
Operating margin
25.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$879K
Total liabilities
$428K
Net assets
$451K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $494,030▲58.4% | $367,503▲15.9% | $451,128▲39.9% | $878,836▲16.5% | 990 |
| 2023 | $311,818▲7.6% | $317,198▼3.6% | $322,562▼0.3% | $754,652▲110% | 990 |
| 2022 | $289,681▲1.9% | $328,940▲14.8% | $323,634▼11.6% | $358,872▼13.8% | 990 |
| 2021 | $284,288▲12.2% | $286,515▲5.6% | $365,915▼3.1% | $416,411▼12.5% | 990 |
| 2020 | $253,454▼4.6% | $271,199▲4.3% | $377,504▼5.2% | $475,733▲19.0% | 990 |
| 2019 | $265,737▼0.7% | $259,957▼7.4% | $398,113▲2.8% | $399,942 | 990 |
| 2018 | $267,580▼4.8% | $280,753▲0.9% | $387,125▼2.6% | $400,028▼0.4% | 990 |
| 2017 | $281,145▼3.5% | $278,201▲1.5% | $397,379 | $401,823▼0.8% | 990 |
| 2016 | $291,198▼9.6% | $274,102▲17.0% | $397,442▲4.4% | $404,959▲4.6% | 990 |
| 2015 | $322,043▲22.2% | $234,363▲5.1% | $380,786▲29.8% | $387,210▲26.5% | 990 |
| 2014 | $263,592▲22.0% | $222,936▲13.4% | $293,258▲16.0% | $306,103▲17.4% | 990 |
| 2013 | $216,109 | $196,594▼27.1% | $252,780▲8.1% | $260,658▲5.8% | 990 |
| 2012 | — | $269,516▼3.1% | $233,909▲17.1% | $246,369▲14.3% | 990 |
| 2011 | — | $278,255▲2.6% | $199,675▲42.1% | $215,504▲28.0% | 990 |
| 2010 | — | $271,100 | $140,547 | $168,330 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Sheet Metal Contractors & Local 71 Educational & Training Fund a legitimate nonprofit?
- Yes. Sheet Metal Contractors & Local 71 Educational & Training Fund is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 23-7063000, based in Buffalo, New York.
- What is Sheet Metal Contractors & Local 71 Educational & Training Fund's EIN?
- Sheet Metal Contractors & Local 71 Educational & Training Fund's Employer Identification Number (EIN) is 23-7063000.
- How much revenue does Sheet Metal Contractors & Local 71 Educational & Training Fund report?
- Sheet Metal Contractors & Local 71 Educational & Training Fund reported $494,030 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sheet Metal Contractors & Local 71 Educational & Training Fund have?
- CharityIndex grades Sheet Metal Contractors & Local 71 Educational & Training Fund C+, based on financial health (reserves and operating margin).
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Data for Sheet Metal Contractors & Local 71 Educational & Training Fund (EIN 23-7063000) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.