SHEET METAL WORKERS LOCAL 214 SUPPLEMENTAL WELFARE PLAN (EIN 461757206) - 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

2013

Legal Domicile

Principal Officer

JAY PARRISH

Phone

2259273930

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS LOCAL 214 SUPPLEMENTAL WELFARE PLAN, founded in 2013, is a micro nonprofit in the Mutual Benefit sector that reported $53K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $132K exceeded revenue, resulting in a 148% operating deficit.

Mission

TO RECEIVE, HOLD AND ADMINISTER THE TRUST PLAN, IN ORDER TO PROVIDE HEALTH WELFARE BENEFITS TO PARTICIPANTS AND THEIR BENEFICIARIES AS NEEDED.

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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 $11,841

Investment Income $41,515

Other Revenue $7

TOTAL REVENUE $53,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,645

Fundraising Expenses $0

Other Expenses $19,559

TOTAL EXPENSES $132,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,363	$48,422	+0.1%
Expenses	$132,304	$165,933	-0.2%
Net Income	$-78,941	$-117,511	-0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBBIE CHATELAIN	Trustee	1.00	Director	$0	$0	$0
JAY PARRISH	Trustee	1.00	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	$53,363	$132,304	$550,639	$-78,941
2023	$48,422	$165,933	$600,436	$-117,511
2022	$51,388	$181,333	$672,104	$-129,945
2021	$171,042	$224,486	$929,909	$-53,444
2020	$187,103	$177,528	$976,625	$9,575
2019	$224,082	$169,884	$901,383	$54,198
2018	$313,147	$183,956	$830,642	$129,191

SHEET METAL WORKERS LOCAL 214 SUPPLEMENTAL WELFARE PLAN