Sheet Metal Workers Local 49 Family Health Plan (EIN 856011542) - 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

1954

Legal Domicile

Principal Officer

Board of Trustees

Phone

5052658422

Tax Period

2024-04-01 to 2025-03-31

Sheet Metal Workers Local 49 Family Health Plan, founded in 1954, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $6.2M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR MEMBERS OF LOCAL 49 INCLUDING MEDICAL, SURGICAL, DISABILITY, ACCIDENT, DENTAL, AND VISION 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 $5,995,591

Investment Income $472,799

Other Revenue $0

TOTAL REVENUE $6,468,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,459

Fundraising Expenses $0

Other Expenses $851,399

TOTAL EXPENSES $6,221,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,468,390	$7,413,012	-0.1%
Expenses	$6,221,217	$7,170,094	-0.1%
Net Income	$247,173	$242,918	+0.0%

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

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
GARRY WILLIS	Chairman	2.00	Director	$0	$0	$0
Shawn Smith	Trustee	2.00	Director	$0	$0	$0
Isaiah Zemke	Trustee	2.00	Director	$0	$0	$0
TONY KOCUREK	Trustee	2.00	Director	$0	$0	$0
Ronda Gililand- Lopez	Trustee	2.00	Director	$0	$0	$0
DANA SKAAR	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
2025	$6,468,390	$6,221,217	$13,608,047	$247,173
2024	$7,413,012	$7,170,094	$13,201,220	$242,918
2023	$5,676,846	$4,954,541	$12,560,829	$722,305
2022	$5,428,731	$6,451,748	$11,681,570	$-1,023,017
2021	$5,494,126	$6,357,448	$13,095,577	$-863,322

Sheet Metal Workers Local 49 Family Health Plan