SHEET METAL WORKER LOCAL 219 EMPLOYEE BENEFIT FUND (EIN 363192254) - 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

1982

Legal Domicile

Principal Officer

JOSEPH COOK

Phone

8152261764

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKER LOCAL 219 EMPLOYEE BENEFIT FUND, founded in 1982, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2018. The organization ran a surplus of $742K, a strong 15% operating margin.

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,556,253

Investment Income $605,012

Other Revenue $657

TOTAL REVENUE $10,161,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $219,751

TOTAL EXPENSES $7,198,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,161,922	$8,781,688	+0.2%
Expenses	$7,198,351	$6,868,556	+0.0%
Net Income	$2,963,571	$1,913,132	+0.5%

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

N/A

Employees

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

$631,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH COOK	CHAIRMAN	2.00	Director	$0	$133,184	$324,458
TODD WHITLOCK	LABOR TRUSTEE	2.00	Director	$0	$130,260	$307,057
ERIK WINTLEND	SECRETARY	2.00	Director	$0	$0	$0
CHRIS ALBRECHT	LABOR TRUSTEE	2.00	Director	$0	$0	$0
KEVIN RAUCH	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DUANE ZOVITOWSKI	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	$10,161,922	$7,198,351	$15,042,638	$2,963,571
2023	$8,781,688	$6,868,556	$11,814,311	$1,913,132
2022	$8,042,537	$7,092,649	$9,400,660	$949,888
2021	$6,977,671	$5,680,323	$9,732,113	$1,297,348
2020	$5,269,112	$4,304,445	$8,119,110	$964,667
2019	$5,320,663	$4,670,649	$6,919,014	$650,014
2018	$4,869,644	$4,127,227	$5,913,412	$742,417

SHEET METAL WORKER LOCAL 219 EMPLOYEE BENEFIT FUND