SHEET METAL WORKERS UNION LOCAL 33 CLEVELAND DIST - HEALTH BENEFITS FUND (EIN 346746427) - 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

1990

Legal Domicile

Principal Officer

JOE STASTNY JR

Phone

2162673344

Tax Period

2024-05-01 to 2025-04-30

SHEET METAL WORKERS UNION LOCAL 33 CLEVELAND DIST - HEALTH BENEFITS FUND, founded in 1990, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $11.8M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS AND THEIR FAMILIES

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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 $11,403,277

Investment Income $1,153,603

Other Revenue $0

TOTAL REVENUE $12,556,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,277

Fundraising Expenses $0

Other Expenses $2,246,063

TOTAL EXPENSES $11,799,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,556,880	$11,120,451	+0.1%
Expenses	$11,799,747	$9,357,082	+0.3%
Net Income	$757,133	$1,763,369	-0.6%

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

Employees

Volunteers

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
JOE STASTNY JR	CHAIRMAN	2.00	Director	$0	$0	$0
HANK STRAHAN	LABOR TRUSTEE (MAY-OCT)	1.00	Director	$0	$0	$0
DON SKALA	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
GARY SCHMITT	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ROB SCHIMMELPFENNIG	MANAGEMENT TRUSTEE ALTERNATE	1.00	Director	$0	$0	$0
MIKE STEIDEL	SECRETARY TREASURER	1.00	Director	$0	$0	$0
PAUL SHYMSKE	LABOR TRUSTEE (NOV-APR)	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	$12,556,880	$11,799,747	$29,041,593	$757,133
2024	$11,120,451	$9,357,082	$27,522,478	$1,763,369
2023	$11,098,302	$9,096,708	$25,729,886	$2,001,594
2023	$11,432,399	$9,443,616	$25,717,075	$1,988,783
2022	$10,188,847	$9,690,800	$24,646,478	$498,047
2021	$9,265,013	$7,681,038	$25,742,971	$1,583,975
2020	$9,533,424	$8,062,773	$23,116,368	$1,470,651
2019	$9,532,819	$8,553,286	$21,426,720	$979,533
2018	$8,980,629	$7,070,910	$20,030,068	$1,909,719

SHEET METAL WORKERS UNION LOCAL 33 CLEVELAND DIST - HEALTH BENEFITS FUND