SHEET METAL WORKERS UNION LOCAL 29 DISABILITY FUND (EIN 480943228) - 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

1970

Legal Domicile

Principal Officer

JEFF TOWNSEND

Phone

3169414313

Tax Period

2024-05-01 to 2025-04-30

SHEET METAL WORKERS UNION LOCAL 29 DISABILITY FUND, founded in 1970, is a small nonprofit in the Mutual Benefit sector that reported $180K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 64% operating margin.

Mission

TO PROVIDE DISABILITY BENEFITS, LIFE, ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE, AND RETIREE HEALTH BENEFITS FOR MEMBERS AND RETIREES.

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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 $111,856

Investment Income $67,822

Other Revenue $0

TOTAL REVENUE $179,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $557

Fundraising Expenses $0

Other Expenses $27,487

TOTAL EXPENSES $64,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,678	$147,989	+0.2%
Expenses	$64,894	$64,384	+0.0%
Net Income	$114,784	$83,605	+0.4%

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

$144,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF TOWNSEND	CHAIRMAN	1.00	Director	$0	$55,708	$144,232
MIKE PORCH	TRUSTEE	1.00	Director	$0	$0	$0
JOE SAMIA	SECRETARY	1.00	Director	$0	$0	$0
ANDREW SCHRADER	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
2025	$179,678	$64,894	$978,838	$114,784
2024	$147,989	$64,384	$876,731	$83,605
2023	$134,785	$84,226	$739,252	$50,559
2022	$142,671	$88,418	$702,894	$54,253
2021	$140,173	$98,714	$722,773	$41,459
2020	$126,668	$92,311	$620,462	$34,357
2019	$133,125	$84,463	$601,129	$48,662

SHEET METAL WORKERS UNION LOCAL 29 DISABILITY FUND