Sheet Metal Workers' Local 105 Health Reimbursement Plan

EIN: 330490874

SAN JOSE, CA

Total Revenue
$7,117,916
Total Expenses
$5,889,018
Total Assets
$14,012,398
Net Assets
$12,607,702
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
Al Hernandez
Phone
4082981170
Tax Period
2024-07-01 to 2025-06-30

Sheet Metal Workers' Local 105 Health Reimbursement Plan, founded in 1991, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 17% operating margin.

Mission

TO PROVIDE SUPPLEMENTAL RETIREMENT WELFARE PAYMENTS AND INDIVIDUAL HEALTH REIMBURSEMENT ACCOUNTS TO RETIREES OF THE PLAN AND THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

to provide supplemental retirement welfare payments AND INDIVIDUAL HEALTH REIMBURSEMENT ACCOUNTS to retirees of the plan and their beneficiaries.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,643,473
Investment Income $474,443
Other Revenue $0
TOTAL REVENUE $7,117,916

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $550,513
TOTAL EXPENSES $5,889,018

Year-over-Year Comparison

2024 2023 Change
Revenue $7,117,916 $6,215,032 +0.1%
Expenses $5,889,018 $5,517,594 +0.1%
Net Income $1,228,898 $697,438 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Al Hernandez trustee 1.0
Director
$0 $0 $0
Alan Sandoval trustee 1.0
Director
$0 $0 $0
stephen hinson trustee 1.0
Director
$0 $0 $0
Joaquain Stallworth trustee 1.0
Director
$0 $0 $0
Bill Shaver trustee 1.0
Director
$0 $0 $0
denny cagampan iii trustee 1.0
Director
$0 $0 $0
Bryce Barler trustee 1.0
Director
$0 $0 $0
DAVID LEE TRUSTEE 1.0
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 $7,117,916 $5,889,018 $14,012,398 $1,228,898
2024 $6,215,032 $5,517,594 $12,445,677 $697,438
2023 $5,806,522 $5,350,426 $11,264,961 $456,096
2022 $5,598,227 $4,954,803 $10,630,219 $643,424
2021 $5,602,412 $4,360,468 $10,972,862 $1,241,944
2020 $5,682,416 $4,005,472 $9,176,598 $1,676,944
2019 $5,396,785 $3,667,737 $7,429,722 $1,729,048
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