SHEET METAL WORKERS LOCAL NO 4 HEALTH AND WELFARE FUND (EIN 620676288) - 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

1963

Legal Domicile

Principal Officer

MIKE THORNE

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS LOCAL NO 4 HEALTH AND WELFARE FUND, founded in 1963, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 35% operating margin.

Mission

THE PROVISION OF BENEFITS TO PLAN 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 $5,866,208

Investment Income $228,580

Other Revenue $366,588

TOTAL REVENUE $6,461,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,794

Fundraising Expenses $0

Other Expenses $738,811

TOTAL EXPENSES $4,205,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,461,376	$3,292,865	+1.0%
Expenses	$4,205,731	$3,544,812	+0.2%
Net Income	$2,255,645	$-251,947	-10.0%

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
MIKE THORNE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID W SINK JR	SECRETARY	2.00	Officer Director	$0	$0	$0
LAMAR HEGWOOD	TRUSTEE	2.00	Director	$0	$0	$0
JASON MINK	TRUSTEE	2.00	Director	$0	$0	$0
ZACK CONNER	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	No data	No data	No data	No data
2023	$6,461,376	$4,205,731	$6,568,191	$2,255,645
2022	$3,292,865	$3,544,812	$3,848,734	$-251,947
2021	$3,869,534	$3,810,036	$4,104,621	$59,498
2020	$4,176,305	$3,704,796	$4,051,468	$471,509
2019	$3,771,591	$3,297,440	$3,567,808	$474,151
2018	$3,981,940	$3,265,815	$3,104,825	$716,125

SHEET METAL WORKERS LOCAL NO 4 HEALTH AND WELFARE FUND