SHEET METAL WORKERS LOCAL NO 177 HEALTH & WELFARE FUND (EIN 626109214) - 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

1971

Legal Domicile

Principal Officer

STEVE SMITH

Phone

6158590131

Tax Period

2024-01-01 to 2024-12-31

SHEET METAL WORKERS LOCAL NO 177 HEALTH & WELFARE FUND, founded in 1971, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

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 $9,634,187

Investment Income $199,694

Other Revenue $908,553

TOTAL REVENUE $10,742,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,182

Fundraising Expenses $0

Other Expenses $1,058,932

TOTAL EXPENSES $11,313,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,742,434	$9,344,506	+0.1%
Expenses	$11,313,501	$9,288,941	+0.2%
Net Income	$-571,067	$55,565	-11.3%

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
DONALD B ORR	TRUSTEE	2.00	Director	$0	$0	$0
STEVE SMITH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JASON STREET	TRUSTEE	2.00	Director	$0	$0	$0
LUTHER TATE	SECRETARY	2.00	Officer 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	$10,742,434	$11,313,501	$6,712,705	$-571,067
2023	$9,344,506	$9,288,941	$5,819,629	$55,565
2022	$9,578,167	$8,944,588	$5,974,219	$633,579
2021	$6,699,828	$7,485,257	$5,185,058	$-785,429
2020	$6,926,131	$7,449,694	$5,276,373	$-523,563
2019	$5,946,357	$5,402,940	$5,258,632	$543,417
2018	$5,236,587	$5,591,868	$4,543,669	$-355,281

SHEET METAL WORKERS LOCAL NO 177 HEALTH & WELFARE FUND