SHEET METAL WORKERS HEALTH FUND OF LOCAL UNION NO 19 (EIN 231324693) - 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

1949

Legal Domicile

Principal Officer

BRYAN BUSH

Phone

2159521990

Tax Period

2024-05-01 to 2025-04-30

SHEET METAL WORKERS HEALTH FUND OF LOCAL UNION NO 19, founded in 1949, is a mid-sized nonprofit that reported $63.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ITS MEMBERS

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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 $61,219,514

Investment Income $2,220,830

Other Revenue $47,514

TOTAL REVENUE $63,487,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $980,619

Fundraising Expenses $0

Other Expenses $774,202

TOTAL EXPENSES $63,140,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,487,858	$56,939,490	+0.1%
Expenses	$63,140,132	$62,006,698	+0.0%
Net Income	$347,726	$-5,067,208	-1.1%

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

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

$1,537,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROELAND F HOEKE	TRUSTEE	2.00	Director	$0	$0	$0
ERNEST J MENOLD	CO-CHAIR	2.00	Director	$0	$0	$0
BRYAN BUSH	CO-CHAIR	2.00	Director	$0	$211,852	$490,605
GERARD E GONTZ	TRUSTEE	2.00	Director	$0	$160,219	$371,033
GINA ONORATO	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM DORWARD	TRUSTEE	2.00	Director	$0	$132,287	$306,349
TOM BUSH	TRUSTEE	2.00	Director	$0	$159,580	$369,553
KEN WURST	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS J KLINGENBERG	FUND ADMINISTRATOR	2.00	Highest	$0	$157,835	$382,891
DENNIS SIRAVO	ASST ADMINISTRATOR	2.00	Highest	$0	$124,101	$291,291
CHRISTOPHER DOWNEY	CONTROLLER	2.00	Highest	$0	$71,660	$206,004

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
2025	$63,487,858	$63,140,132	$36,663,276	$347,726
2024	$56,939,490	$62,006,698	$35,423,495	$-5,067,208
2023	$52,871,369	$59,720,749	$41,139,920	$-6,849,380
2022	$57,364,405	$63,387,349	$48,659,410	$-6,022,944
2021	$50,005,108	$56,205,182	$55,679,330	$-6,200,074
2020	$57,395,764	$57,324,913	$58,552,919	$70,851
2019	$62,996,132	$52,514,738	$59,758,203	$10,481,394
2018	$58,979,169	$53,615,056	$48,823,852	$5,364,113

SHEET METAL WORKERS HEALTH FUND OF LOCAL UNION NO 19