Sheet Metal Workers Local 7 Zone 3 Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Sheet Metal Workers Local 7 Zone 3 Welfare Fund is a 501(c)(9) organization based in Troy, Michigan, registered in 1955, with $4,924,797 in FY2024 revenue. CharityIndex grades it C+.
700 Tower Dr Ste 300, Troy, MI, 48098 EIN 38-1449784 Since 1955
Revenue (FY2024)
$4.9M
▲ 13.0% vs prior year
Expenses (FY2024)
$4.5M
Net assets
$2.3M
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 Workers Local 7 Zone 3 Welfare 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 rating6 mo reserves · +8% 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 Local 7 Zone 3 Welfare Fund: 6 mo reserves · +8% 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 Workers Local 7 Zone 3 Welfare 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 Local 7 Zone 3 Welfare 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 $2.9M (FY2013) to $4.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $439KNet assets $2.3M
Operating margin
8.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$439K
Net assets
$2.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,924,797▲13.0% | $4,509,389▼6.1% | $2,258,964▲45.3% | $2,697,489▲30.9% | 990 |
| 2023 | $4,358,776▲31.6% | $4,800,136▲14.6% | $1,555,023▲8.5% | $2,060,823▲4.3% | 990 |
| 2022 | $3,311,059▲7.1% | $4,190,147▲3.5% | $1,432,860▲19.9% | $1,976,262▲5.8% | 990 |
| 2021 | $3,092,759▼16.1% | $4,048,254▲2.9% | $1,194,947▼35.4% | $1,867,349▼22.8% | 990 |
| 2020 | $3,686,944▲5.8% | $3,934,367▲25.2% | $1,850,442▼11.8% | $2,420,010▲2.0% | 990 |
| 2019 | $3,484,746▼0.4% | $3,142,094▼16.8% | $2,097,865▲19.5% | $2,372,675▲17.4% | 990 |
| 2018 | $3,497,547▲4.6% | $3,777,749▲11.6% | $1,755,213▼13.8% | $2,020,973▼17.8% | 990 |
| 2017 | $3,343,866▲9.4% | $3,383,963▼0.1% | $2,035,415▼1.9% | $2,457,646▼5.2% | 990 |
| 2016 | $3,057,330▲0.3% | $3,388,575▲1.9% | $2,075,512▼13.8% | $2,591,533▼9.8% | 990 |
| 2015 | $3,048,973▲0.6% | $3,324,995▲3.5% | $2,406,756▼10.3% | $2,874,645▲2.8% | 990 |
| 2014 | $3,032,087▲3.5% | $3,213,089▲9.7% | $2,682,778▼6.3% | $2,797,143▼3.8% | 990 |
| 2013 | $2,929,505 | $2,929,023▲7.1% | $2,863,780 | $2,906,966▼0.4% | 990 |
| 2012 | — | $2,735,294▼19.8% | $2,863,298▲2.2% | $2,919,115▲1.5% | 990 |
| 2011 | — | $3,409,451▲4.1% | $2,801,817▼10.7% | $2,876,712▼12.6% | 990 |
| 2010 | — | $3,275,736 | $3,138,852 | $3,290,344 | 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 Local 7 Zone 3 Welfare Fund a legitimate nonprofit?
- Yes. Sheet Metal Workers Local 7 Zone 3 Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 38-1449784, based in Troy, Michigan.
- What is Sheet Metal Workers Local 7 Zone 3 Welfare Fund's EIN?
- Sheet Metal Workers Local 7 Zone 3 Welfare Fund's Employer Identification Number (EIN) is 38-1449784.
- How much revenue does Sheet Metal Workers Local 7 Zone 3 Welfare Fund report?
- Sheet Metal Workers Local 7 Zone 3 Welfare Fund reported $4,924,797 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sheet Metal Workers Local 7 Zone 3 Welfare Fund have?
- CharityIndex grades Sheet Metal Workers Local 7 Zone 3 Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Sheet Metal Workers Local 7 Zone 3 Welfare Fund (EIN 38-1449784) 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.