Sheet Metal Workers' Local 105 Health Reimbursement Plan (EIN 330490874) - 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

1991

Legal Domicile

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.

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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 $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

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

Key Employees

Highest Compensated

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

Sheet Metal Workers' Local 105 Health Reimbursement Plan