SHEET METAL WORKERS' INTL ASSN STAFF RETIREE HEALTH FUND (EIN 526909050) - 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' INTL ASSN STAFF RETIREE HEALTH FUND, founded in 1997, is a community nonprofit in the Mutual Benefit sector that reported $3.1M in total revenue in fiscal year 2023. The organization ran a surplus of $1.8M, a strong 58% operating margin.

Mission

TO PROVIDE POST RETIREMENT HEALTH CARE BENEFITS FOR THE STAFF MEMBERS AND OFFICERS OF THE SHEET METAL, AIR, RAIL AND TRANSPORTATION WORKERS UNION.

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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 $1,280,388

Investment Income $1,112,387

Other Revenue $670,757

TOTAL REVENUE $3,063,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $109,263

TOTAL EXPENSES $1,294,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,063,532	$2,921,431	+0.0%
Expenses	$1,294,709	$1,303,977	0.0%
Net Income	$1,768,823	$1,617,454	+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

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

$1,178,727

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SELLERS JR	TRUSTEE - RETIRED MAY 31 2023	1.00	Director	$0	$29,343	$239,638
MICHAEL COLEMAN	TRUSTEE	1.00	Director	$0	$34,885	$452,218
JOSEPH POWELL	TRUSTEE	1.00	Director	$0	$35,187	$486,871

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	$3,063,532	$1,294,709	$48,707,666	$1,768,823
2022	$2,921,431	$1,303,977	$42,722,607	$1,617,454
2021	$6,524,241	$1,292,208	$47,361,940	$5,232,033
2020	$2,122,597	$1,204,404	$43,722,220	$918,193
2019	$4,527,907	$1,059,428	$37,544,868	$3,468,479
2018	$2,028,545	$1,199,156	$30,850,850	$829,389

SHEET METAL WORKERS' INTL ASSN STAFF RETIREE HEALTH FUND