SHEET METAL WORKERS' LOCAL UNION NO 27 SUPPLEMENTAL UNEMPLOYMENT BENEFITS FUND (EIN 223201971) - 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

1993

Legal Domicile

Principal Officer

CHRISTOPHER W GEORGE

Phone

7329191988

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS' LOCAL UNION NO 27 SUPPLEMENTAL UNEMPLOYMENT BENEFITS FUND, founded in 1993, is a small nonprofit that reported $943K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $619K, a strong 66% operating margin.

Mission

TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $837,832

Investment Income $103,788

Other Revenue $1,851

TOTAL REVENUE $943,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,960

Fundraising Expenses $0

Other Expenses $64,803

TOTAL EXPENSES $324,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$943,471	$562,751	+0.7%
Expenses	$324,246	$406,286	-0.2%
Net Income	$619,225	$156,465	+3.0%

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

272

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

$866,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE MCCANN	TRUSTEE	1.00	Director	$0	$0	$0
VINCE SPIEZIO	TRUSTEE	1.00	Director	$0	$0	$0
GERARD LYLE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS DEBARTOLO	UNION TRUSTEE	1.00	Director	$0	$117,890	$318,690
MATTHEW JOHNSON	UNION TRUSTEE	1.00	Director	$0	$111,422	$273,885
MIKE KOLBASOWSKI	UNION TRUSTEE	1.00	Director	$0	$111,422	$273,885

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	$943,471	$324,246	$1,558,968	$619,225
2022	$562,751	$406,286	$884,770	$156,465
2021	$584,998	$476,231	$796,040	$108,767
2020	$522,678	$1,131,673	$622,931	$-608,995
2019	$624,285	$519,825	$1,325,424	$104,460
2018	$635,495	$487,127	$1,130,317	$148,368

SHEET METAL WORKERS' LOCAL UNION NO 27 SUPPLEMENTAL UNEMPLOYMENT BENEFITS FUND