COLORADO SHEET METAL WORKERS' LOCAL 9 HEALTH FUND (EIN 846029106) - 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

1964

Legal Domicile

Principal Officer

JON ALVINO

Phone

3039221213

Tax Period

2023-01-01 to 2023-12-31

COLORADO SHEET METAL WORKERS' LOCAL 9 HEALTH FUND, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $19.7M in total revenue in fiscal year 2023. Expenses of $18.6M left a modest 5% surplus.

Mission

HEALTH AND WELFARE FUND

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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 $19,345,160

Investment Income $286,023

Other Revenue $24,819

TOTAL REVENUE $19,656,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $660,613

TOTAL EXPENSES $18,641,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,656,002	$19,758,140	0.0%
Expenses	$18,641,696	$21,028,746	-0.1%
Net Income	$1,014,306	$-1,270,606	-1.8%

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

595

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

$563,164

Total Directors

$563,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE STEPHENS	TRUSTEE	5.00	Director	$0	$0	$0
THOMAS P KEATING	SECRETARY - PAST	4.00	Officer Director	$0	$0	$10,000
RANDY MITCHELL	TRUSTEE	5.00	Director	$0	$56,439	$161,783
NATHAN COOPER	SECRETARY	4.00	Officer Director	$0	$38,510	$217,793
JON ALVINO	CHAIRMAN	5.00	Officer Director	$0	$58,498	$173,655
MIKE PAULUS	TRUSTEE - NEW	4.00	Director	$0	$0	$0
LOREY CHITTUM	ADMINISTRATOR	20.00	Officer	$0	$46,125	$161,716

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	$19,656,002	$18,641,696	$13,203,924	$1,014,306
2022	$19,758,140	$21,028,746	$11,692,887	$-1,270,606
2021	$16,655,685	$16,114,947	$14,072,511	$540,738
2020	$17,137,332	$17,044,642	$13,734,310	$92,690

COLORADO SHEET METAL WORKERS' LOCAL 9 HEALTH FUND