SHEET METAL WORKERS' INTERNATIONAL ASSN OFFICE EMPLOYEES RETIREE HEALTH FUND (EIN 522040394) - 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

1997

Legal Domicile

Principal Officer

WARREN MAY

Phone

2027835880

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS' INTERNATIONAL ASSN OFFICE EMPLOYEES RETIREE HEALTH FUND, founded in 1997, is a small nonprofit that reported $220K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $93K, a strong 42% operating margin.

Mission

TO PROVIDE POSTRETIREMENT HEALTH BENEFITS TO RETIRED 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $176,034

Investment Income $43,857

Other Revenue $0

TOTAL REVENUE $219,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16,332

TOTAL EXPENSES $127,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,891	$272,453	-0.2%
Expenses	$127,210	$129,391	0.0%
Net Income	$92,681	$143,062	-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

N/A

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

$892,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH POWELL	TRUSTEE	2.00	Director	$0	$35,187	$486,871
ERIN CUMMINS	TRUSTEE	2.50	Director	$0	$10,404	$81,258
KEVIN CONNOLLY	TRUSTEE	2.50	Director	$0	$24,936	$98,276
WARREN MAY	TRUSTEE	2.00	Director	$0	$24,936	$226,023

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	No data	No data	No data	No data
2023	$219,891	$127,210	$2,208,288	$92,681
2022	$272,453	$129,391	$1,940,557	$143,062
2021	$362,229	$121,330	$2,118,283	$240,899
2020	$209,532	$107,105	$1,974,889	$102,427
2019	$156,779	$102,427	$1,651,797	$54,352
2018	$197,557	$110,270	$1,439,175	$87,287

SHEET METAL WORKERS' INTERNATIONAL ASSN OFFICE EMPLOYEES RETIREE HEALTH FUND