Sheet Metal Workers Local #7Zone #3 Welfare Fund (EIN 381449784) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

Chris McFarland

Phone

2488139800

Tax Period

2024-05-01 to 2025-04-30

Sheet Metal Workers Local #7Zone #3 Welfare Fund, founded in 1955, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 8% surplus.

Mission

To provide health care benefits under a multi-employer collectively bargained plan.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,823,027

Investment Income $69,665

Other Revenue $32,105

TOTAL REVENUE $4,924,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,509,389

Other Expenses $265,690

TOTAL EXPENSES $4,509,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,924,797	$4,358,776	+0.1%
Expenses	$4,509,389	$4,800,136	-0.1%
Net Income	$415,408	$-441,360	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Dotson	Trustee	1.00	Director	$0	$0	$0
John Amalfitano	Trustee	1.00	Director	$0	$0	$0
Clay Cooke	Secretary	1.00	Director	$0	$0	$0
Kevin Wendling	Trustee	1.00	Director	$0	$0	$0
Chris McFarland	Chairman	1.00	Director	$0	$0	$0
Chris Stockwell	Trustee	1.00	Director	$0	$0	$0
Sue Leitelt	Trustee	1.00	Director	$0	$0	$0
Robert Adams	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	$4,924,797	$4,509,389	$2,697,489	$415,408
2024	$4,358,776	$4,800,136	$2,060,823	$-441,360
2023	$3,311,059	$4,190,147	$1,976,262	$-879,088
2022	$3,092,759	$4,048,254	$1,867,349	$-955,495
2021	$3,686,944	$3,934,367	$2,420,010	$-247,423
2020	$3,484,746	$3,142,094	$2,372,675	$342,652
2019	$3,497,547	$3,777,749	$2,020,973	$-280,202
2018	$3,343,866	$3,383,963	$2,457,646	$-40,097

Sheet Metal Workers Local #7Zone #3 Welfare Fund