SHEET METAL WORKERS LOCAL NO 71 INDUSTRY WELFARE TRUST FUND (EIN 160864434) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

TIMOTHY BENES

Phone

7168358836

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL NO 71 INDUSTRY WELFARE TRUST FUND, founded in 1962, is a community nonprofit in the Employment sector that reported $6.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MEDICAL AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS OF THE FUND

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,134,832

Investment Income $234,578

Other Revenue $22,426

TOTAL REVENUE $6,391,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,194

Fundraising Expenses $0

Other Expenses $369,101

TOTAL EXPENSES $6,226,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,391,836	$5,953,886	+0.1%
Expenses	$6,226,082	$5,621,609	+0.1%
Net Income	$165,754	$332,277	-0.5%

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

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

$134,714

Total Directors

$7,898

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW NOWAK	TRUSTEE	3.00	Director	$0	$0	$0
DAVID NIEMAN	TRUSTEE	3.00	Director	$0	$0	$0
JEFFREY MEYER	TRUSTEE	3.00	Director	$5,247	$0	$5,247
TIMOTHY BENES	TRUSTEE	3.00	Director	$0	$0	$0
PAUL CRIST	TRUSTEE THRU 12/1/23	3.00	Director	$0	$0	$0
JACK DAFGARD	TRUSTEE	3.00	Director	$2,651	$0	$2,651
JOHN EMBOW	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD DELOTTO	TRUSTEE	3.00	Director	$0	$0	$0
MIKE NELSON	TRUSTEE BEG. 12/1/23	3.00	Director	$0	$0	$0
CHARLES HAKE	FUNDS ADMINISTRATOR	24.00	Officer	$115,529	$19,185	$134,714

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	$6,391,836	$6,226,082	$7,758,491	$165,754
2022	$5,953,886	$5,621,609	$7,400,880	$332,277
2021	$5,528,607	$5,053,642	$7,587,498	$474,965
2020	$5,032,721	$4,107,429	$7,098,566	$925,292
2019	$4,275,804	$5,131,444	$5,906,205	$-855,640
2018	$4,189,083	$4,342,672	$6,459,884	$-153,589

SHEET METAL WORKERS LOCAL NO 71 INDUSTRY WELFARE TRUST FUND