SHEET METAL WORKERS LOCAL 27 HEALTH AND WELFARE FUND (EIN 221538529) - 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

1956

Legal Domicile

Principal Officer

NICHOLAS STUDENKO

Phone

7329191988

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS LOCAL 27 HEALTH AND WELFARE FUND, founded in 1956, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ITS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,181,685

Investment Income $-180,053

Other Revenue $91,195

TOTAL REVENUE $11,092,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,797

Fundraising Expenses $0

Other Expenses $282,244

TOTAL EXPENSES $10,761,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,092,827	$11,594,174	0.0%
Expenses	$10,761,511	$10,882,437	0.0%
Net Income	$331,316	$711,737	-0.5%

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

$913,330

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS DEBARTOLO	UNION TRUSTEE	1.00	Director	$0	$126,300	$335,760
MICHAEL KOLBASOWSKI	UNION TRUSTEE	1.00	Director	$0	$119,376	$288,772
MATTHEW JOHNSON	UNION TRUSTEE	1.00	Director	$0	$119,402	$288,798
GERALD LYLE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BONNER	TRUSTEE	1.00	Director	$0	$0	$0
DAWN PASCALE	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	$11,092,827	$10,761,511	$14,124,403	$331,316
2023	$11,594,174	$10,882,437	$12,606,665	$711,737
2022	$9,459,691	$11,015,320	$10,961,042	$-1,555,629
2021	$9,589,216	$10,309,538	$14,734,898	$-720,322
2020	$7,870,989	$9,377,077	$15,955,396	$-1,506,088
2019	$10,170,132	$8,118,413	$16,186,480	$2,051,719
2018	$9,998,351	$8,372,519	$13,022,720	$1,625,832

SHEET METAL WORKERS LOCAL 27 HEALTH AND WELFARE FUND