SHEET METAL WORKERS 16 HEALTH TR (EIN 930757655) - 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

1952

Legal Domicile

Principal Officer

CAROL DUNCAN

Phone

5032825581

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL WORKERS 16 HEALTH TR, founded in 1952, is a mid-sized nonprofit that reported $32.9M in total revenue in fiscal year 2023. Expenses of $38.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE MEDICAL BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,303,081

Investment Income $1,609,670

Other Revenue $0

TOTAL REVENUE $32,912,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,079,303

TOTAL EXPENSES $38,482,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,912,751	$30,490,530	+0.1%
Expenses	$38,482,415	$32,516,924	+0.2%
Net Income	$-5,569,664	$-2,026,394	+1.7%

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
RUSS BENTON	TRUSTEE	1.00	Director	$0	$0	$0
DARRIN BOYCE	TRUSTEE	1.00	Director	$0	$0	$0
LANCE DEYETTE	TRUSTEE	1.00	Director	$0	$0	$0
CAROL DUNCAN	TRUSTEE/CHAI	1.00	Officer Director	$0	$0	$0
BRIAN NOBLE	TRUSTEE/SECR	1.00	Officer Director	$0	$0	$0
MIKE PECK	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
LUKE STUCKY	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
2024	No data	No data	No data	No data
2023	$32,912,751	$38,482,415	$41,191,016	$-5,569,664
2022	$30,490,530	$32,516,924	$46,044,927	$-2,026,394
2021	$31,256,825	$30,579,905	$48,597,003	$676,920
2020	$29,475,429	$28,576,873	$50,053,315	$898,556
2019	$29,413,293	$28,890,830	$46,978,019	$522,463
2018	$26,902,429	$24,521,087	$42,398,762	$2,381,342

SHEET METAL WORKERS 16 HEALTH TR