SHEET METAL WORKERS' LOCAL NO 40 HEALTH FUND

EIN: 061013879

NEW YORK, NY

Total Revenue
$8,345,764
Total Expenses
$7,421,853
Total Assets
$4,404,573
Net Assets
$3,927,712
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
CT
Principal Officer
JOHN NIMMONS
Phone
2125055050
Tax Period
2023-01-01 to 2023-12-31

SHEET METAL WORKERS' LOCAL NO 40 HEALTH FUND, founded in 1949, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2023. Expenses of $7.4M left a modest 11% surplus.

Mission

TO PROVIDE HEALTH, LIFE, ACCIDENTAL DEATH & DISMEMBERMENT COVERAGE AND DISABILITY BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS WHO WORK, OR WORKED, IN THE SHEET METAL INDUSTRY AS MEMBERS OF LOCAL 40, OR WHO WORKED IN SUPPORT OF THE INDUSTRY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,858,621
Investment Income $59,242
Other Revenue $427,901
TOTAL REVENUE $8,345,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $870,995
TOTAL EXPENSES $7,421,853

Year-over-Year Comparison

2023 2022 Change
Revenue $8,345,764 $7,762,071 +0.1%
Expenses $7,421,853 $7,445,404 0.0%
Net Income $923,911 $316,667 +1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
8
$463,010
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON SHERMAN LABOR TRUSTEE 0.30
Director
$0 $0 $0
JOHN NIMMONS LABOR TRUSTEE 0.30
Director
$0 $107,582 $241,094
FRED DESCY LABOR TRUSTEE 0.30
Director
$0 $104,795 $221,916
JOHN M BEAL LABOR TRUSTEE 0.30
Director
$0 $0 $0
MICHAEL THOMPSON MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
LYNNE A KLEEBERG MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
KENNETH R KLEEBERG MANAGEMENT TRUSTEE 0.30
Director
$0 $0 $0
JOHN LUCCHESSI MANAGEMENT TRUSTEE 0.30
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 $8,345,764 $7,421,853 $4,404,573 $923,911
2022 $7,762,071 $7,445,404 $3,441,105 $316,667
2021 $7,075,464 $8,957,426 $3,616,327 $-1,881,962
2020 $6,859,445 $7,203,464 $5,718,144 $-344,019
2019 $7,622,149 $8,213,293 $6,066,335 $-591,144
2018 $7,783,809 $9,302,319 $6,427,556 $-1,518,510
2018 $7,783,809 $9,302,319 $6,427,556 $-1,518,510
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SHEET METAL WORKERS' LOCAL NO 40 HEALTH FUND with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.