Sheet Metal Workers Local 292 Health Fund (EIN 381433000) - 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

1949

Legal Domicile

Phone

2488139800

Tax Period

2024-04-01 to 2025-03-31

Sheet Metal Workers Local 292 Health Fund, founded in 1949, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $10.1M exceeded revenue, resulting in a 11% operating deficit.

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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 $8,971,319

Investment Income $81,279

Other Revenue $0

TOTAL REVENUE $9,052,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,615,368

Other Expenses $445,602

TOTAL EXPENSES $10,060,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,052,598	$9,894,281	-0.1%
Expenses	$10,060,970	$9,621,061	+0.0%
Net Income	$-1,008,372	$273,220	-4.7%

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

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

$534,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Gualdoni	Chairman	1.00	Director	$0	$96,594	$271,613
Antonio Silvestri	Trustee	1.00	Director	$0	$95,980	$262,507
Michael Asher	Secretary	1.00	Director	$0	$0	$0
Charles Garry	Trustee	1.00	Director	$0	$0	$0
Tracy Roberts	Trustee	1.00	Director	$0	$0	$0
David Flynn	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
2025	$9,052,598	$10,060,970	$16,369,482	$-1,008,372
2024	$9,894,281	$9,621,061	$16,601,126	$273,220
2023	$9,204,385	$8,645,210	$14,887,558	$559,175
2022	$9,698,784	$7,095,032	$14,141,505	$2,603,752
2021	$12,014,974	$7,651,588	$12,410,427	$4,363,386
2020	$11,231,383	$7,222,835	$8,167,035	$4,008,548
2019	$6,902,752	$6,355,389	$3,756,196	$547,363
2018	$9,092,177	$8,567,368	$4,445,802	$524,809

Sheet Metal Workers Local 292 Health Fund