FOX VALLEY SHEET METAL HEALTH FUND

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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

1981

Legal Domicile

Principal Officer

CARVEN BLANCK

Phone

2627179385

Tax Period

2024-06-01 to 2025-05-31

FOX VALLEY SHEET METAL HEALTH FUND, founded in 1981, is a mid-sized nonprofit that reported $15.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE WELFARE BENEFITS, SUCH AS LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT, LOSS OF TIME, DISABILITY, DENTAL, VISION, HOSPITAL, AND SURGICAL BENEFITS FOR UNION MEMBERS AND THEIR SPOUSE AND/OR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH, LIFE, DENTAL, VISION, PRESCRIPTION DRUG, AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS, SPOUSES, AND DEPENDENTS.

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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 $14,597,562

Investment Income $1,166,497

Other Revenue $6,260

TOTAL REVENUE $15,770,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $616,793

TOTAL EXPENSES $16,945,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,770,319	$14,909,741	+0.1%
Expenses	$16,945,269	$13,851,388	+0.2%
Net Income	$-1,174,950	$1,058,353	-2.1%

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

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

$176,986

Total Directors

$411,534

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL WIPPICH	SECRETARY	1.00	Officer Director	$0	$64,179	$176,986
CARVEN BLANCK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFFREY GAECKE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JODI MILLER-LARSON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW FORSTER UNTIL 9924	UNION TRUSTEE	1.00	Director	$0	$0	$0
SCOTT KNOCKE	UNION TRUSTEE	1.00	Director	$0	$70,293	$229,489
DAN NOVAK START 9924	UNION TRUSTEE	1.00	Director	$0	$0	$5,059

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	$15,770,319	$16,945,269	$19,203,022	$-1,174,950
2024	$14,909,741	$13,851,388	$19,805,022	$1,058,353
2023	$14,522,945	$13,509,816	$18,187,113	$1,013,129
2022	$12,962,825	$11,857,417	$17,147,311	$1,105,408
2021	$12,197,673	$10,749,371	$16,705,797	$1,448,302
2020	$12,066,361	$9,983,295	$15,192,504	$2,083,066
2019	$11,254,058	$6,009,534	$12,449,881	$5,244,524
2018	$11,189,719	$10,481,735	$11,620,676	$707,984