SHEET METAL WORKERS LOCAL 85 WELFARE FUND (EIN 586056203) - 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

1966

Legal Domicile

Principal Officer

STEVE LANGLEY

Phone

6158590131

Tax Period

2024-07-01 to 2025-06-30

SHEET METAL WORKERS LOCAL 85 WELFARE FUND, founded in 1966, is a mid-sized nonprofit that reported $17.1M in total revenue in fiscal year 2024. Expenses of $14.7M left a modest 14% surplus.

Mission

THE PROVISION OF BENEFITS TO 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 $15,905,881

Investment Income $530,714

Other Revenue $689,999

TOTAL REVENUE $17,126,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,646

Fundraising Expenses $0

Other Expenses $1,456,606

TOTAL EXPENSES $14,709,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,126,594	$16,037,467	+0.1%
Expenses	$14,709,463	$14,614,195	+0.0%
Net Income	$2,417,131	$1,423,272	+0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS AIRINGTON	TRUSTEE	2.00	Director	$0	$0	$0
JAMES L JACKSON III	TRUSTEE	2.00	Director	$0	$0	$0
JOHN A KNOX	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE LANGLEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROBERT REESE	TRUSTEE	2.00	Director	$0	$0	$0
GINGER D SLAICK	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN C STERLING	TRUSTEE	2.00	Director	$0	$0	$0
MATT STROER	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
2025	$17,126,594	$14,709,463	$10,655,450	$2,417,131
2024	$16,037,467	$14,614,195	$8,248,228	$1,423,272
2023	$13,045,260	$15,478,534	$6,756,180	$-2,433,274
2022	$12,171,943	$14,865,522	$9,216,171	$-2,693,579
2021	$12,790,339	$13,050,930	$11,960,555	$-260,591
2020	$12,580,364	$12,332,256	$12,213,472	$248,108
2019	$12,271,380	$10,034,266	$12,050,847	$2,237,114
2018	$10,338,768	$10,420,187	$9,703,403	$-81,419

SHEET METAL WORKERS LOCAL 85 WELFARE FUND