Sheet Metal Workers' Local 206 Health Benefit Trust (EIN 454844178) - 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

2011

Legal Domicile

Principal Officer

Tavia Brunner Trustee

Phone

6192780021

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO PROVIDE HEALTH BENEFITS, TERM LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE BENEFITS FOR ELIGIBLE ACTIVE PARTICIPANTS THROUGH A MULTI-EMPLOYER TRUST FUND.

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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 $22,471,144

Investment Income $678,789

Other Revenue $0

TOTAL REVENUE $23,149,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $802,401

TOTAL EXPENSES $19,230,480

Year-over-Year Comparison

	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%

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

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
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

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	$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

Sheet Metal Workers' Local 206 Health Benefit Trust