Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund is a 501(c)(3) organization based in Las Vegas, Nevada, registered in 1989, with $2,554,247 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$2.6M
▼ 26.7% vs prior year
Employment median: $367K
Expenses (FY2024)
$2.6M
Net assets
$10.9M
Employees
—
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 →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 88 Joint Apprenticeship & 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 →
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 88 Joint Apprenticeship & Training Fund: 51 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
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 88 Joint Apprenticeship & 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 →
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 88 Joint Apprenticeship & Training Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.3M (FY2016) to $2.6M (FY2024) across 9 reported years.
Financial snapshot
Operating margin
-1.1%
Spent more than it raised in the latest fiscal year.
Total assets
$15.1M
Total liabilities
$4.3M
Net assets
$10.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,554,247▼26.7% | $2,582,475▲19.6% | $10,885,301▲1.5% | $15,149,395▼14.5% | 990 |
| 2023 | $3,486,394▲11.1% | $2,159,340▲18.5% | $10,720,210▲17.4% | $17,720,360▲94.1% | 990 |
| 2022 | $3,137,700▲21.0% | $1,822,795▲8.0% | $9,131,298▲9.7% | $9,131,448▲9.7% | 990 |
| 2021 | $2,592,583▼2.9% | $1,687,169▲15.9% | $8,324,657▲13.3% | $8,325,707▲13.3% | 990 |
| 2020 | $2,669,095▲15.1% | $1,456,104▼12.0% | $7,348,128▲21.8% | $7,349,178▲21.8% | 990 |
| 2019 | $2,318,245▲38.4% | $1,655,540▲20.6% | $6,032,028▲19.8% | $6,034,778▲19.8% | 990 |
| 2018 | $1,674,868▲17.7% | $1,372,721▲28.8% | $5,033,232▼2.0% | $5,037,732▼2.9% | 990 |
| 2017 | $1,423,096▲10.3% | $1,065,961▲1.2% | $5,138,023▲12.2% | $5,188,527▲12.6% | 990 |
| 2016 | $1,289,931 | $1,052,804 | $4,578,500 | $4,607,922 | 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.
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Data for Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund (EIN 88-0243760) 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.