Sheet Metal Workers Local Union 5 Joint Apprenticeship Training
501(c)(5)
Only null% goes to programs Strong reserves Growing revenue
Sheet Metal Workers Local Union 5 Joint Apprenticeship Training is a 501(c)(5) organization based in Knoxville, Tennessee, registered in 1987, with $842,787 in FY2024 revenue. CharityIndex grades it B.
Po Box 18740, Knoxville, TN, 37928 EIN 62-1223806 Since 1987
Revenue (FY2024)
$843K
▲ 35.0% vs prior year
Expenses (FY2024)
$584K
Net assets
$1.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 Union 5 Joint Apprenticeship Training— 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 rating27 mo reserves · +31% 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 Union 5 Joint Apprenticeship Training: 27 mo reserves · +31% 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 Union 5 Joint Apprenticeship Training— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Union 5 Joint Apprenticeship Training: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $273K (FY2020) to $843K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $14KNet assets $1.3M
Operating margin
30.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3M
Total liabilities
$14K
Net assets
$1.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $842,787▲35.0% | $584,472▲54.1% | $1,302,508▲24.7% | $1,316,826▲24.2% | 990 |
| 2023 | $624,114▼5.2% | $379,328▼17.6% | $1,044,193▲30.6% | $1,060,170▲30.9% | 990 |
| 2022 | $658,286▲61.8% | $460,291▲169% | $799,407▲61.5% | $809,922▲62.5% | 990 |
| 2021 | $406,955▲48.9% | $171,292▲9.2% | $494,913▲90.9% | $498,532▲92.3% | 990 |
| 2020 | $273,275 | $156,816 | $259,250 | $259,250 | 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 Union 5 Joint Apprenticeship Training a legitimate nonprofit?
- Yes. Sheet Metal Workers Local Union 5 Joint Apprenticeship Training is a 501(c)(5) organization registered with the U.S. Internal Revenue Service under EIN 62-1223806, based in Knoxville, Tennessee.
- What is Sheet Metal Workers Local Union 5 Joint Apprenticeship Training's EIN?
- Sheet Metal Workers Local Union 5 Joint Apprenticeship Training's Employer Identification Number (EIN) is 62-1223806.
- How much revenue does Sheet Metal Workers Local Union 5 Joint Apprenticeship Training report?
- Sheet Metal Workers Local Union 5 Joint Apprenticeship Training reported $842,787 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sheet Metal Workers Local Union 5 Joint Apprenticeship Training have?
- CharityIndex grades Sheet Metal Workers Local Union 5 Joint Apprenticeship Training B, based on financial health (reserves and operating margin).
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Data for Sheet Metal Workers Local Union 5 Joint Apprenticeship Training (EIN 62-1223806) 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.