SHEET METAL WORKERS NATIONAL HEALTH FUND (EIN 521466749) - 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

1983

Legal Domicile

Principal Officer

BART BLEDSOE

Phone

6158590131

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS NATIONAL HEALTH FUND, founded in 1983, is a mid-sized nonprofit that reported $72.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $62.9M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH INSURANCE BENEFITS FOR ELIGIBLE PARTICIPANTS

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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 $71,197,704

Investment Income $1,316,394

Other Revenue $0

TOTAL REVENUE $72,514,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,183,920

TOTAL EXPENSES $62,885,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,514,098	$63,933,122	+0.1%
Expenses	$62,885,678	$55,422,978	+0.1%
Net Income	$9,628,420	$8,510,144	+0.1%

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

$566,302

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COLEMAN	TRUSTEE	2.00	Director	$0	$54,549	$566,302
CHRISTIAN FULLER	TRUSTEE	2.00	Director	$0	$0	$0
LANCE E FOUT	TRUSTEE	2.00	Director	$0	$0	$0
BILL KENYON	TRUSTEE	2.00	Director	$0	$0	$0
BART BLEDSOE	TRUSTEE	2.00	Director	$0	$0	$0
BRENT BERTRAND	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN OEDING	TRUSTEE	2.00	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	$72,514,098	$62,885,678	$69,051,984	$9,628,420
2023	$63,933,122	$55,422,978	$57,307,376	$8,510,144
2022	$58,308,344	$62,593,124	$45,933,774	$-4,284,780
2021	$61,652,205	$59,324,551	$59,855,607	$2,327,654
2020	$67,274,314	$64,967,192	$56,229,241	$2,307,122
2019	$71,180,995	$66,431,934	$53,931,008	$4,749,061
2018	$56,806,673	$61,063,512	$49,207,162	$-4,256,839

SHEET METAL WORKERS NATIONAL HEALTH FUND