SHEET METAL WORKERS LOCAL 270 WELFARE FUND (EIN 736098088) - 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

1969

Legal Domicile

Principal Officer

JOSHUA CRAIG

Phone

9185872388

Tax Period

2024-02-01 to 2025-01-31

SHEET METAL WORKERS LOCAL 270 WELFARE FUND, founded in 1969, is a community nonprofit in the Mutual Benefit sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $4.5M left a modest 15% surplus.

Mission

THE PLAN PROVIDES MEDICAL, VISION, PRESCRIPTION DRUGS, DENTAL, DISABILITY, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $4,992,585

Investment Income $310,830

Other Revenue $0

TOTAL REVENUE $5,303,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $534,173

TOTAL EXPENSES $4,532,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,303,415	$4,032,366	+0.3%
Expenses	$4,532,612	$3,175,488	+0.4%
Net Income	$770,803	$856,878	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA CRAIG	UNION TRUSTEE, CHAIRMAN	1.00	Director	$0	$0	$0
RUSSELL LYNCH	UNION TRUSTEE	1.00	Director	$0	$0	$0
LEYSTON GODWIN	UNION TRUSTEE, PRESIDENT	1.00	Director	$0	$0	$0
DAVID TIDWELL	EMPLOYER TRUSTEE, CO-CHAIR	1.00	Director	$0	$0	$0
TERRY COLEMAN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAN OWENS	EMPLOYER TRUSTEE	1.00	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	$5,303,415	$4,532,612	$6,612,803	$770,803
2024	$4,032,366	$3,175,488	$5,228,717	$856,878
2023	$3,204,624	$3,288,255	$4,000,162	$-83,631
2022	$3,053,359	$2,550,151	$4,094,737	$503,208
2021	$3,034,218	$2,877,482	$3,522,108	$156,736
2020	$3,708,771	$3,285,680	$3,509,865	$423,091

SHEET METAL WORKERS LOCAL 270 WELFARE FUND