SHEET METAL WORKERS INTL ASSN LOCAL UNION 19 SUPPLEMENTAL UNEMPLOYMENT (EIN 232681497) - 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

1992

Legal Domicile

Principal Officer

BRYAN BUSH

Phone

2159521990

Tax Period

2024-05-01 to 2025-04-30

SHEET METAL WORKERS INTL ASSN LOCAL UNION 19 SUPPLEMENTAL UNEMPLOYMENT, founded in 1992, is a community nonprofit in the Mutual Benefit sector that reported $7.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.4M, a strong 45% operating margin.

Mission

THE FUND PROVIDES SUPPLEMENTAL UNEMPLOYMENT BENEFITS FOR ELIGIBLE 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 $7,178,694

Investment Income $378,552

Other Revenue $0

TOTAL REVENUE $7,557,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $509,331

TOTAL EXPENSES $4,189,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,557,246	$6,570,815	+0.2%
Expenses	$4,189,497	$4,932,642	-0.2%
Net Income	$3,367,749	$1,638,173	+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

$1,231,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN BUSH	CO-CHAIR	2.00	Director	$0	$211,852	$490,605
ERNEST J MENOLD	CO-CHAIR	2.00	Director	$0	$0	$0
MICHAEL FORD	TRUSTEE	2.00	Director	$0	$0	$0
ROELAND F HOEKE	TRUSTEE	2.00	Director	$0	$0	$0
GERARD GONTZ	TRUSTEE	2.00	Director	$0	$160,219	$371,033
THOMAS BUSH	TRUSTEE	2.00	Director	$0	$159,580	$369,553
GINA ONORATO	TRUSTEE	2.00	Director	$0	$0	$0
BILL DORWARD	TRUSTEE (P)	2.00	Director	$0	$0	$0
KEN WURST	TRUSTEE (P)	2.00	Director	$0	$0	$0
DENNIS O'BRIEN	TRUSTEE	2.00	Director	$0	$0	$0
DENNIS SIRAVO	ASST . ADMINISTRATOR	2.00	Highest	$0	$124,101	$291,291
THOMAS J KLINGENBERG	ADMINISTRATOR	2.00	Highest	$0	$157,835	$382,891
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	$7,557,246	$4,189,497	$11,844,972	$3,367,749
2024	$6,570,815	$4,932,642	$8,130,615	$1,638,173
2023	$5,487,535	$4,181,719	$6,472,095	$1,305,816
2022	$4,590,281	$4,250,819	$5,190,089	$339,462
2021	$3,893,319	$3,757,954	$5,029,142	$135,365
2020	$3,716,544	$5,046,065	$4,847,423	$-1,329,521
2019	$3,621,439	$2,876,561	$6,149,879	$744,878
2018	$2,856,614	$2,628,824	$5,437,249	$227,790

SHEET METAL WORKERS INTL ASSN LOCAL UNION 19 SUPPLEMENTAL UNEMPLOYMENT