San Diego, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Sheet Metal Workers' Local 206 Health Benefit Trust, founded in 2011, is a mid-sized nonprofit in the Mutual Benefit sector that reported $23.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 17% operating margin.
TO PROVIDE HEALTH BENEFITS, TERM LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT OVERAGE BENEFITS FOR ELIGIBLE ACTIVE PARTICIPANTS THROUGH A Multi-employer trust fund. In addition, the plan offers medical and prescription drug plan options for eligible retiree participants and spouses, as well as a health reimbursement (hra) to active employees, retired employees, and former employees for whom employer contributions were made to individual accounts after October 1, 2012. The plan is maintained in compliance with the provisions of the employee retirement income security act of 1974, as amended (erisa).
TO PROVIDE HEALTH BENEFITS, TERM LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE BENEFITS FOR ELIGIBLE ACTIVE PARTICIPANTS AND THEIR COVERED DEPENDENTS (1,199 PARTICIPANTS AT 12/31/2024).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $23,149,933 | $19,200,783 | +0.2% |
| Expenses | $19,230,480 | $15,449,017 | +0.2% |
| Net Income | $3,919,453 | $3,751,766 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVE GAUTHIER | CHAIR, TRUSTEE | 3.0 |
Director
|
$0 | $0 | $0 |
| JOHN FUSCA | TRUSTEE | 3.0 |
Director
|
$0 | $0 | $0 |
| TAVIA BRUNNER | TRUSTEE | 3.0 |
Director
|
$0 | $0 | $0 |
| AUBRY TAFT | TRUSTEE | 3.0 |
Director
|
$0 | $0 | $0 |
| DOMINGO LUYO | TRUSTEE | 3.0 |
Director
|
$0 | $0 | $0 |
| DEAN LEE | TRUSTEE | 3.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $23,149,933 | $19,230,480 | $24,221,401 | $3,919,453 |
| 2023 | $19,200,783 | $15,449,017 | $19,906,681 | $3,751,766 |
| 2022 | $16,076,079 | $13,383,429 | $15,450,102 | $2,692,650 |
| 2021 | $14,637,810 | $12,433,209 | $13,272,401 | $2,204,601 |
| 2020 | $14,351,114 | $12,439,639 | $10,804,333 | $1,911,475 |
| 2019 | $12,697,590 | $11,266,734 | $8,853,080 | $1,430,856 |
| 2018 | $12,451,996 | $11,594,321 | $7,026,897 | $857,675 |
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