Sheet Metal Air Rail and Transportation Workers Local #63

Nonprofit profile at a glance

EIN
041472055
IRS 990 coverage
2012–2020
Forms available
Form 990 2020
Location
Springfield, MA, USA
Phone
4137338332
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Labor Unions

Official website

Reported finances

Revenue
$1,440,034
Expenses
$1,218,267
Assets
$604,076
Liabilities
$35,492

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • EDWARD F O'KEEFE (BUSINESS AGENT/PRESIDENT)
  • SCOTT DEMERS (VICE-PRESIDENT)

Highest reported compensation

  • EDWARD F O'KEEFE (BUSINESS AGENT/PRESIDENT): $92,047 total reported compensation
  • DANIEL MULCAHY (MARKETING REP): $91,127 total reported compensation
  • JOHN SCAVOTTO JR (BUSINESS MANAGER): $63,396 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Labor union local negotiate contracts - collective barganing and represent members that have grievences with the employers

What it reported doing in 2020

Negotiate contracts - collective barganing and represent members that have grievences with thier employers

Operating model

Revenue model
Membership-supported. 95% of the money available for current operations came from membership dues.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for member benefits.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 60
  • Accountability: 82
  • Sustainability: 43
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.4%; rating input score 75
  • Program expense ratio: 89.1%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 18th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.4%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 22.1%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: -4.5% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 75.4% of revenue deployed · 89.1% of spending went to programs
  • Governance: 11 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $92K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 8 filing years from 2012 to 2020
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.