SHEET METAL WORKERS LOCAL 7 ZONE 1 HEALTH AND WELFARE PLAN (EIN 386099712) - 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

2002

Legal Domicile

Principal Officer

DANETTE SEARS

Phone

2488139800

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL 7 ZONE 1 HEALTH AND WELFARE PLAN, founded in 2002, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $9.0M left a modest 10% surplus.

Mission

TO PROVIDE MEDICAL AND OTHER BENEFITS FOR MEMBERS OF THIS EMPLOYEES' BENEFICIARY ASSOCIATION.

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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 $10,010,749

Investment Income $4,060

Other Revenue $0

TOTAL REVENUE $10,014,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,507

Fundraising Expenses $0

Other Expenses $619,733

TOTAL EXPENSES $8,970,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,014,809	$8,395,591	+0.2%
Expenses	$8,970,311	$8,446,801	+0.1%
Net Income	$1,044,498	$-51,210	-21.4%

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

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

$2,258

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY O'BRIEN	TRUSTEE	0.50	Director	$1,190	$0	$1,190
MICHAEL ALVARADO	TRUSTEE	0.50	Director	$1,068	$0	$1,068
JAMES CALLAHAN	TRUSTEE (ENDED 5/23)	0.50	Director	$0	$0	$0
VANCE SAUNDERS II	TRUSTEE	0.50	Director	$0	$0	$0
BRETT WALTERS	TRUSTEE	0.50	Director	$0	$0	$0
PAUL BURCHFIELD	TRUSTEE	0.50	Director	$0	$0	$0
NICK ZYGADLO	TRUSTEE	0.50	Director	$0	$0	$0
SAMUAL FULLER	ALTERNATE TRUSTEE	0.50	Director	$0	$0	$0
ERIC FARRINGTON	CO-CHAIR	0.50	Officer Director	$0	$0	$0
DAVID HERDER	CO-CHAIR	0.50	Officer Director	$0	$0	$0
DANETTE SEARS	ADMINISTRATOR	0.50	Officer	$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	$10,014,809	$8,970,311	$7,745,104	$1,044,498
2022	$8,395,591	$8,446,801	$6,700,606	$-51,210
2021	$8,614,572	$7,630,390	$6,751,816	$984,182
2020	$7,806,343	$7,469,726	$5,767,634	$336,617
2019	$7,778,421	$7,627,515	$6,271,008	$150,906
2018	$7,658,061	$6,939,097	$6,540,098	$718,964

SHEET METAL WORKERS LOCAL 7 ZONE 1 HEALTH AND WELFARE PLAN