WISCONSIN SHEET METAL WORKERS HEAL… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

ROBERT JOSSART

Phone

2627981838

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN SHEET METAL WORKERS HEALTH AND BENEFIT FUND, founded in 1985, is a mid-sized nonprofit that reported $53.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $49.0M left a modest 8% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS FOR PARTICIPANTS AND THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

HOSPITAL, SURGICAL, MEDICAL, DENTAL, VISION, AND PRESCRIPTION DRUG BENEFITS FOR APPROXIMATELY 3,100 MEMBERS AND THEIR FAMILIES

Program 2

PROVIDE SUPPLEMENTAL MEDICARE ADVANTAGE PRESCRIPTION DRUG PLAN FOR APPROXIMATELY 777 MEMBERS

Program 3

PROVIDE COST CONTAINMENT AND CASE MANAGEMENT SERVICES FOR APPROXIMATELY 3,100 MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $52,674,102

Investment Income $291,729

Other Revenue $150,182

TOTAL REVENUE $53,116,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,769

Fundraising Expenses $0

Other Expenses $6,584,004

TOTAL EXPENSES $49,016,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,116,013	$45,547,011	+0.2%
Expenses	$49,016,271	$48,286,132	+0.0%
Net Income	$4,099,742	$-2,739,121	-2.5%

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

130

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

$219,210

Total Directors

$1,334,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT KNOCKE	SECRETARY	1.00	Officer Director	$150,857	$68,353	$219,210
BRAD KALCIC	TRUSTEE	1.00	Director	$119,564	$83,904	$203,468
STEUART WILSON	TRUSTEE	1.00	Director	$134,279	$60,739	$195,018
SCOTT BARTZ	TRUSTEE	1.00	Director	$118,593	$73,722	$192,315
MATT VAN DER PUY	TRUSTEE	1.00	Director	$102,370	$66,341	$168,711
CRAIG WAGNER	TRUSTEE	1.00	Director	$96,267	$71,885	$168,152
MICHAEL THOMAS	TRUSTEE	1.00	Director	$107,120	$80,256	$187,376
ROBERT JOSSART	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID ALDAG	TRUSTEE	1.00	Director	$0	$0	$0
JAN GREEN	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH GROESCHEL JR	TRUSTEE	1.00	Director	$0	$0	$0
JACK SCHIRPKE	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN KOWALSKI	TRUSTEE	1.00	Director	$0	$0	$0
ROB WEISE	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY GAECKE	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON LANGENFELD	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
2024	No data	No data	No data	No data
2023	$53,116,013	$49,016,271	$53,164,692	$4,099,742
2022	$45,547,011	$48,286,132	$43,109,176	$-2,739,121
2021	$44,027,701	$45,617,477	$44,518,635	$-1,589,776
2020	$39,631,339	$39,748,892	$47,524,001	$-117,553
2019	$39,060,206	$42,266,193	$44,173,681	$-3,205,987
2018	$38,216,823	$42,105,732	$43,251,540	$-3,888,909

WISCONSIN SHEET METAL WORKERS HEALTH AND BENEFIT FUND