SHEET METAL WORKERS LOCAL UNION NO 20 WELFARE AND BENEFIT FUND

EIN: 356028684 Employment

INDIANAPOLIS, IN

Total Revenue
$67,426,302
Total Expenses
$61,726,391
Total Assets
$155,740,346
Net Assets
$152,001,930
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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
1954
Legal Domicile
IN
Principal Officer
TRENT TODD
Phone
3175496005
Tax Period
2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL UNION NO 20 WELFARE AND BENEFIT FUND, founded in 1954, is a mid-sized nonprofit in the Employment sector that reported $67.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $61.7M left a modest 8% surplus.

Mission

PROVIDE HEALTH BENEFITS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $61,984,594
Investment Income $5,441,708
Other Revenue $0
TOTAL REVENUE $67,426,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,127
Fundraising Expenses $0
Other Expenses $758,058
TOTAL EXPENSES $61,726,391

Year-over-Year Comparison

2023 2022 Change
Revenue $67,426,302 $58,189,688 +0.2%
Expenses $61,726,391 $55,517,988 +0.1%
Net Income $5,699,911 $2,671,700 +1.1%
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

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Governance

Voting Members
14
Independent Members
7
Employees
72
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
2
$129,872
Total Directors
14
$1,300,328
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES GRAVES TRUSTEE 1.00
Director
$0 $0 $0
JOYCE HUBBARD TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH LANSDELL TRUSTEE 1.00
Director
$0 $0 $0
HANK MEYERS TRUSTEE 1.00
Director
$0 $0 $0
LORI SCHMIDT TRUSTEE 1.00
Director
$0 $0 $0
CINDY TRIMPE TRUSTEE 1.00
Director
$0 $0 $0
KEVIN NEEDHAM TRUSTEE 1.00
Director
$0 $72,201 $171,451
JOHN WRIGHT TRUSTEE 1.00
Director
$0 $72,628 $163,012
DARRYL ESTERLINE TRUSTEE 1.00
Director
$0 $75,484 $172,110
SHAUN REINOEHL TRUSTEE 1.00
Director
$0 $67,660 $170,660
TRENT TODD TRUSTEE 1.00
Director
$0 $81,155 $243,600
KREG HOMOKY TRUSTEE 1.00
Director
$0 $81,117 $204,018
TOM LAUBHAN TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY YOUNG TRUSTEE 1.00
Director
$0 $69,520 $175,477
SONYA HOWARD FUND MANAGER - NEW 30.00
Officer
$76,596 $26,935 $103,531
BRIAN ARMSTRONG FUND MANAGER - PAST 30.00
Officer
$19,231 $7,110 $26,341
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 $67,426,302 $61,726,391 $155,740,346 $5,699,911
2022 $58,189,688 $55,517,988 $136,847,179 $2,671,700
2021 $61,829,945 $59,542,002 $154,194,573 $2,287,943
2020 $60,959,781 $50,820,267 $143,638,456 $10,139,514
2019 $58,951,779 $51,245,627 $123,786,449 $7,706,152
2018 $51,844,052 $48,624,581 $105,334,749 $3,219,471
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