SHEET METAL WORKERS LOCAL NO 63 HEALTH A (EIN 046116422) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

MICHAEL LAFLEUR

Phone

2039493219

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL NO 63 HEALTH A, founded in 1948, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $7.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,047,237

Investment Income $297,862

Other Revenue $0

TOTAL REVENUE $6,345,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,974

Fundraising Expenses $0

Other Expenses $620,676

TOTAL EXPENSES $7,119,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,345,099	$5,370,760	+0.2%
Expenses	$7,119,100	$6,619,747	+0.1%
Net Income	$-774,001	$-1,248,987	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LAFLEUR	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY VIEIRA	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD O'KEEFE	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL KLEEGERG	TRUSTEE	1.00	Director	$0	$0	$0
DAVID POWELL	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS GUNNING	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$6,345,099	$7,119,100	$4,221,766	$-774,001
2022	$5,370,760	$6,619,747	$4,998,812	$-1,248,987
2021	$5,627,367	$5,145,757	$6,948,572	$481,610
2020	$5,156,310	$4,467,465	$6,472,964	$688,845
2019	$4,920,161	$4,690,870	$5,663,719	$229,291
2018	$5,684,561	$4,523,204	$5,402,220	$1,161,357

SHEET METAL WORKERS LOCAL NO 63 HEALTH A