SHEET METAL WORKERS' HEALTH PLAN C/O SOUTHERN BENEFIT ADMINISTRATORS INC (EIN 203804404) - 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

2006

Legal Domicile

Principal Officer

KENNETH COLOMBO

Phone

6158590313

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS' HEALTH PLAN C/O SOUTHERN BENEFIT ADMINISTRATORS INC, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $5.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.5M, a strong 29% operating margin.

Mission

THE PLAN'S MISSION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND BENEFICIARIES.

🔒

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 $4,315,624

Investment Income $848,015

Other Revenue $0

TOTAL REVENUE $5,163,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $364,774

TOTAL EXPENSES $3,672,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,163,639	$5,048,486	+0.0%
Expenses	$3,672,837	$3,459,525	+0.1%
Net Income	$1,490,802	$1,588,961	-0.1%

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

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

Total Directors

$1,690,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH COLOMBO	CHAIRMAN/TRUSTEE	1.00	Director	$0	$90,219	$277,922
JOSEPH SELLERS JR	TRUSTEE - FORMER	1.00	Director	$0	$29,343	$239,638
LORI WOOD	TRUSTEE	1.00	Director	$0	$81,945	$359,196
DAN MCCALLUM	TRUSTEE	1.00	Director	$0	$89,235	$361,856
MICHAEL COLEMAN	TRUSTEE	1.00	Director	$0	$34,885	$452,218

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	$5,163,639	$3,672,837	$21,230,819	$1,490,802
2022	$5,048,486	$3,459,525	$18,650,193	$1,588,961
2021	$5,895,205	$4,481,152	$19,896,575	$1,414,053
2020	$5,363,459	$2,710,596	$18,517,924	$2,652,863
2019	$4,735,068	$4,198,171	$15,264,990	$536,897
2018	$5,002,874	$4,024,389	$13,415,658	$978,485

SHEET METAL WORKERS' HEALTH PLAN C/O SOUTHERN BENEFIT ADMINISTRATORS INC