Northern California Sheet Metal Workers Health Care Plan (EIN 776113549) - 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

1995

Legal Domicile

Principal Officer

FRED LATU

Phone

9252089992

Tax Period

2024-01-01 to 2024-12-31

Northern California Sheet Metal Workers Health Care Plan, founded in 1995, is a mid-sized nonprofit that reported $35.9M in total revenue in fiscal year 2024. Expenses of $31.9M left a modest 11% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS.

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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 $34,830,227

Investment Income $1,014,093

Other Revenue $9,181

TOTAL REVENUE $35,853,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,791,110

TOTAL EXPENSES $31,851,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,853,501	$33,864,711	+0.1%
Expenses	$31,851,154	$28,850,153	+0.1%
Net Income	$4,002,347	$5,014,558	-0.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAL ROTOLO	CHAIR - TERM - AUGUST 2024	2.0	Officer Director	$0	$0	$0
FRED LATU	CHAIR	2.0	Officer Director	$0	$0	$0
STAN CAPELLI	CO-CHAIR	2.0	Officer Director	$0	$0	$0
RICK WERNER	TRUSTEE	2.0	Director	$0	$0	$0
COREY VAN RYS	TRUSTEE	2.0	Director	$0	$0	$0
STEVE ALARCON	TRUSTEE	2.0	Director	$0	$0	$0
DUSTIN SACCONE	TRUSTEE	2.0	Director	$0	$0	$0
GARY MYERS	TRUSTEE	2.0	Director	$0	$0	$0
CHRIS MAY	TRUSTEE	2.0	Director	$0	$0	$0
SEE SCH O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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	$35,853,501	$31,851,154	$43,842,555	$4,002,347
2023	$33,864,711	$28,850,153	$38,250,139	$5,014,558
2022	$35,552,965	$31,446,334	$31,882,697	$4,106,631
2021	$29,268,156	$29,145,759	$31,126,708	$122,397
2020	$29,096,740	$26,288,106	$30,520,368	$2,808,634
2019	$32,230,955	$30,858,335	$27,204,559	$1,372,620
2018	$28,054,452	$27,995,264	$25,758,450	$59,188

Northern California Sheet Metal Workers Health Care Plan