SHEET METAL WORKERS LOCAL 218 HEAL… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

RICH MANKA

Phone

2175290161

Tax Period

2024-06-01 to 2025-05-31

SHEET METAL WORKERS LOCAL 218 HEALTH & WELFARE FUND, founded in 1969, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 15% operating margin.

Mission

HEALTH AND DEATH BENEFITS

Program Service Accomplishments

Program 1

THE PLAN PROVIDES HEALTH (HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL AND SHORT TERM DISABILITY) AND DEATH BENEFITS TO COVERED EMPLOYEES WHO WORK THE QUALIFYING PERIOD PER PLAN REQUIREMENTS TO ALL...

THE PLAN PROVIDES HEALTH (HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL AND SHORT TERM DISABILITY) AND DEATH BENEFITS TO COVERED EMPLOYEES WHO WORK THE QUALIFYING PERIOD PER PLAN REQUIREMENTS TO ALL ELIGIBLE MEMBERS AT YEAR END.

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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 $6,961,792

Investment Income $135,796

Other Revenue $0

TOTAL REVENUE $7,097,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $293,012

TOTAL EXPENSES $6,028,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,097,588	$6,422,446	+0.1%
Expenses	$6,028,572	$6,313,661	0.0%
Net Income	$1,069,016	$108,785	+8.8%

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

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

$607,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC RAYBURN	TRUSTEE	3.00	Director	$0	$91,288	$215,118
ELIZABETH BLANKENSHIP	TRUSTEE	3.00	Director	$0	$0	$0
RYAN KREKE	TRUSTEE	3.00	Director	$0	$0	$0
TIM DURDLE	TRUSTEE	3.00	Director	$0	$0	$0
MITCHELL NOLL	TRUSTEE	3.00	Director	$0	$80,615	$176,339
RICH MANKA	TRUSTEE	3.00	Director	$0	$92,943	$216,215

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	$7,097,588	$6,028,572	$4,529,054	$1,069,016
2024	$6,422,446	$6,313,661	$3,302,752	$108,785
2023	$5,914,224	$6,352,446	$3,803,568	$-438,222
2022	$5,082,353	$4,952,165	$4,609,349	$130,188
2021	$5,788,179	$6,549,192	$6,997,459	$-761,013

SHEET METAL WORKERS LOCAL 218 HEALTH & WELFARE FUND