SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST (EIN 237165969) - 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

1964

Legal Domicile

Phone

2488139800

Tax Period

2024-06-01 to 2025-05-31

SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST, founded in 1964, is a mid-sized nonprofit that reported $25.7M in total revenue in fiscal year 2024. Expenses of $24.2M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS AND THEIR DEPENDENTS.

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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 $23,454,814

Investment Income $834,609

Other Revenue $1,442,606

TOTAL REVENUE $25,732,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,604,606

Other Expenses $1,643,408

TOTAL EXPENSES $24,248,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,732,029	$25,950,538	0.0%
Expenses	$24,248,014	$26,052,376	-0.1%
Net Income	$1,484,015	$-101,838	-15.6%

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

N/A

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

$162,559

Total Directors

$517,161

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY MULLIGAN	TRUSTEE	1.00	Director	$0	$0	$193,103
ERIC MCPHERSON	TRUSTEE	1.00	Director	$0	$0	$163,426
JASON GRUNENWALD	CHAIRMAN	1.00	Officer	$0	$0	$162,559
DAVID HARTSUCK	TRUSTEE	1.00	Director	$0	$0	$159,435
DAVID ANGELO	TRUSTEE	1.00	Director	$0	$0	$1,197
DAVID KARL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
MIKE WIEDBUSCH	TRUSTEE	1.00	Director	$0	$0	$0
IAN SWITALSKI	TRUSTEE	1.00	Director	$0	$0	$0
RICK MEAD	TRUSTEE	1.00	Director	$0	$0	$0
DAWN NORRIS	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN MCCONNEL	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
2025	$25,732,029	$24,248,014	$30,351,809	$1,484,015
2024	$25,950,538	$26,052,376	$30,161,207	$-101,838
2023	$20,730,621	$23,504,803	$25,565,027	$-2,774,182
2022	$21,828,652	$20,088,845	$27,583,834	$1,739,807
2022	$21,828,652	$19,428,845	$27,583,834	$2,399,807
2021	$21,624,290	$23,776,398	$31,365,065	$-2,152,108
2020	$19,519,850	$20,309,442	$26,927,594	$-789,592
2019	$18,711,870	$20,171,192	$26,567,712	$-1,459,322
2018	$22,192,647	$23,159,354	$27,068,283	$-966,707

SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST