NORTHWEST SHEET METAL WORKERS WELF… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

KOLBY HANSON

Phone

5095340600

Tax Period

2024-04-01 to 2025-03-31

NORTHWEST SHEET METAL WORKERS WELFARE FUND, founded in 1952, is a major nonprofit that reported $125.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AS SPECIFIED IN THE PLAN.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AS SPECIFIED IN THE PLAN.

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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 $118,751,793

Investment Income $7,105,817

Other Revenue $0

TOTAL REVENUE $125,857,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,512,454

TOTAL EXPENSES $124,364,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,857,610	$124,703,050	+0.0%
Expenses	$124,364,766	$109,500,244	+0.1%
Net Income	$1,492,844	$15,202,806	-0.9%

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

212

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
KOLBY HANSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF LINK	SECRETARY	1.00	Officer Director	$0	$0	$0
CARL MARCUM	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HAPPE	TRUSTEE	1.00	Director	$0	$0	$0
RANDY GOLDING	TRUSTEE	1.00	Director	$0	$0	$0
JULIE MULLER	TRUSTEE	1.00	Director	$0	$0	$0
LANCE DEYETTE	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON LEATHAM	TRUSTEE	1.00	Director	$0	$0	$0
DEVIN LEINGANG	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA WHITE	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	$125,857,610	$124,364,766	$195,993,675	$1,492,844
2024	$124,703,050	$109,500,244	$189,542,011	$15,202,806
2023	$108,734,867	$94,195,032	$166,896,784	$14,539,835
2022	$110,931,256	$94,849,002	$157,951,543	$16,082,254
2021	$101,403,747	$96,103,995	$152,365,882	$5,299,752
2020	$107,336,999	$95,647,256	$130,501,065	$11,689,743
2019	$99,800,834	$82,530,436	$117,363,272	$17,270,398
2018	$89,247,340	$72,521,168	$93,753,929	$16,726,172

NORTHWEST SHEET METAL WORKERS WELFARE FUND