SHEET METAL WORKERS LOCAL #44 WELFARE PLAN (EIN 232143139) - 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

1954

Legal Domicile

Principal Officer

DONALD DUNNE

Phone

8005526972

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL #44 WELFARE PLAN, founded in 1954, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $716K, a strong 16% operating margin.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS FOR 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 $4,474,352

Investment Income $40,437

Other Revenue $0

TOTAL REVENUE $4,514,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,567

Fundraising Expenses $0

Program Expenses $3,798,834

Other Expenses $720,876

TOTAL EXPENSES $3,798,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,514,789	$4,829,535	-0.1%
Expenses	$3,798,834	$5,347,493	-0.3%
Net Income	$715,955	$-517,958	-2.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS CONNOR	TRUSTEE	5.00	Director	$0	$0	$0
DONALD DUNNE	TRUSTEE	5.00	Director	$0	$0	$0
EDWARD FETCHEN	TRUSTEE	5.00	Director	$0	$0	$0
LORI ESHENAUR	TRUSTEE	5.00	Director	$0	$0	$0
JEFFREY SCHMUDE	TRUSTEE	5.00	Director	$0	$0	$0
ROB EVANS	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$4,514,789	$3,798,834	$2,685,886	$715,955
2022	$4,829,535	$5,347,493	$2,216,266	$-517,958
2021	$4,576,154	$4,879,677	$2,768,441	$-303,523
2020	$3,786,093	$3,808,980	$2,953,312	$-22,887
2019	$3,744,424	$4,401,207	$2,886,172	$-656,783
2018	$4,185,270	$3,650,612	$3,654,249	$534,658

SHEET METAL WORKERS LOCAL #44 WELFARE PLAN