Sheet Metal Workers-1 Welfare Trust Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Sheet Metal Workers-1 Welfare Trust Fund is a 501(c)(9) organization based in Schaumburg, Illinois, registered in 1964, with $9,315,865 in FY2024 revenue. CharityIndex grades it C+.
20 N Martingale Rd Ste 290, Schaumburg, IL, 60173 EIN 37-0810664 Since 1964
Revenue (FY2024)
$9.3M
▲ 3.9% vs prior year
Expenses (FY2024)
$9.7M
Net assets
$14.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Workers-1 Welfare Trust Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating17 mo reserves · -4% 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 Workers-1 Welfare Trust Fund: 17 mo reserves · -4% margin earns a B+ 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 Workers-1 Welfare Trust 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 Workers-1 Welfare Trust Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 20 N Martingale Rd Ste 290, Schaumburg, IL, 60173
- City
- Schaumburg
- State
- Illinois
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $5.2M (FY2013) to $9.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0MNet assets $14.1M
Operating margin
-4.3%
Spent more than it raised in the latest fiscal year.
Total assets
$15.1M
Total liabilities
$1.0M
Net assets
$14.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,315,865▲3.9% | $9,713,430▲15.9% | $14,061,191▼1.5% | $15,093,468▲1.1% | 990 |
| 2023 | $8,968,230▲12.0% | $8,379,153▲4.0% | $14,279,031▲4.5% | $14,923,813▼1.8% | 990 |
| 2022 | $8,006,683▲4.4% | $8,056,099▲46570% | $13,667,696▼5.6% | $15,191,504▼13.3% | 990 |
| 2021 | $7,669,624▲0.9% | $17,262▼99.8% | $14,473,930▲107% | $17,516,296▲5.7% | 990 |
| 2020 | $7,597,710▲7.6% | $7,589,440▲13.3% | $7,004,741▲2.7% | $16,574,464▲9.4% | 990 |
| 2019 | $7,061,255▲2.6% | $6,701,365▼1.8% | $6,818,690▲14.9% | $15,147,052▲8.7% | 990 |
| 2018 | $6,882,919▲11.4% | $6,823,271▲25.0% | $5,937,022▲1.8% | $13,939,301▲4.9% | 990 |
| 2017 | $6,180,904▼2.5% | $5,460,546▼24.3% | $5,832,650▲13.1% | $13,290,994▲0.2% | 990 |
| 2016 | $6,336,471▲3.1% | $7,214,155▲53.6% | $5,158,604▼10.1% | $13,262,888▼1.4% | 990 |
| 2015 | $6,145,856▲4.1% | $4,696,556▼22.8% | $5,736,372▲25.4% | $13,444,746▲1.7% | 990 |
| 2014 | $5,906,558▲13.1% | $6,084,041▲31.9% | $4,573,415▼2.1% | $13,223,523▲5.8% | 990 |
| 2013 | $5,221,736 | $4,614,104▼28.9% | $4,672,002▼64.9% | $12,494,919▼6.3% | 990 |
| 2011 | — | $6,486,905 | $13,308,975 | $13,329,413 | 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 Workers-1 Welfare Trust Fund a legitimate nonprofit?
- Yes. Sheet Metal Workers-1 Welfare Trust Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 37-0810664, based in Schaumburg, Illinois.
- What is Sheet Metal Workers-1 Welfare Trust Fund's EIN?
- Sheet Metal Workers-1 Welfare Trust Fund's Employer Identification Number (EIN) is 37-0810664.
- How much revenue does Sheet Metal Workers-1 Welfare Trust Fund report?
- Sheet Metal Workers-1 Welfare Trust Fund reported $9,315,865 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sheet Metal Workers-1 Welfare Trust Fund have?
- CharityIndex grades Sheet Metal Workers-1 Welfare Trust Fund C+, based on financial health (reserves and operating margin).
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Data for Sheet Metal Workers-1 Welfare Trust Fund (EIN 37-0810664) 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.