SHEET METAL WORKERS LOCAL 104 HEALTH CARE PLAN

EIN: 942541328

LIVERMORE, CA

Total Revenue
$127,671,985
Total Expenses
$135,141,651
Total Assets
$216,466,087
Net Assets
$170,634,684
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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
1979
Legal Domicile
CA
Principal Officer
RICK WERNER
Phone
9252089999
Tax Period
2024-07-01 to 2025-06-30

SHEET METAL WORKERS LOCAL 104 HEALTH CARE PLAN, founded in 1979, is a major nonprofit that reported $127.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH BENEFITS AND SUPPLEMENTAL UNEMPLOYMENT BENEFITS IN THIS MULTIEMPLOYER PLAN.

Program Service Accomplishments

Program 1

PROVIDED HEALTH AND WELFARE BENEFITS AND SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS IN THIS MULTIEMPLOYER 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $118,746,526
Investment Income $8,925,459
Other Revenue $0
TOTAL REVENUE $127,671,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,498
Fundraising Expenses $0
Other Expenses $5,694,590
TOTAL EXPENSES $135,141,651

Year-over-Year Comparison

2024 2023 Change
Revenue $127,671,985 $120,345,642 +0.1%
Expenses $135,141,651 $126,451,389 +0.1%
Net Income $-7,469,666 $-6,105,747 +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

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Governance

Voting Members
12
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
2
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
rick werner chairman 4.0
Officer Director
$0 $0 $0
SEAN O'DONOGHUE CO-CHAIRMAN 2.0
Officer Director
$0 $0 $0
keith dias TRUSTEE - TERM. 07/2024 2.0
Director
$0 $0 $0
eric haynes TRUSTEE 2.0
Director
$0 $0 $0
BRIAN MASTERS TRUSTEE 2.0
Director
$0 $0 $0
bob bramlett trUSTEE 2.0
Director
$0 $0 $0
kathy de jong trustee - TERM. 08/2024 2.0
Director
$0 $0 $0
duane davies trustee 2.0
Director
$0 $0 $0
CASEY VAN DEN HEUVEL trustee 2.0
Director
$0 $0 $0
MIKE NESBITT trustee 2.0
Director
$0 $0 $0
keith sylva trustee 2.0
Director
$0 $0 $0
ALICIA MIJARES TRUSTEE - EFF. 7/2024 2.0
Director
$0 $0 $0
JOSH VALLIS TRUSTEE - EFF. 11/2024 2.0
Director
$0 $0 $0
MIKE FISHER TRUSTEE 2.0
Director
$0 $0 $0
TOM TRAYER TRUSTEE - TERM. 11/2024 2.0
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
2025 $127,671,985 $135,141,651 $216,466,087 $-7,469,666
2024 $120,345,642 $126,451,389 $218,539,934 $-6,105,747
2023 $123,055,352 $131,214,383 $215,361,817 $-8,159,031
2022 $125,609,570 $122,815,151 $215,380,603 $2,794,419
2021 $122,415,535 $119,134,825 $245,411,370 $3,280,710
2020 $136,448,990 $100,169,889 $221,679,948 $36,279,101
2019 $130,343,750 $108,185,069 $207,792,868 $22,158,681
2018 $119,764,405 $108,587,023 $177,956,558 $11,177,382
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