Sheet Metal Benefit Plans Administrative Corporation

EIN: 954337897

MANHATTAN BEACH, CA

Total Revenue
$6,076,330
Total Expenses
$6,076,330
Total Assets
$4,555,795
Net Assets
$431,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
VERN SHAFFER
Phone
3107986572
Tax Period
2024-01-01 to 2024-12-31

Sheet Metal Benefit Plans Administrative Corporation, founded in 1991, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

central recordkeeping agency for sheet metal worker trust funds.

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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 $6,076,330
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,076,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,001,319
Fundraising Expenses $0
Other Expenses $2,075,011
TOTAL EXPENSES $6,076,330

Year-over-Year Comparison

2024 2023 Change
Revenue $6,076,330 $5,603,164 +0.1%
Expenses $6,076,330 $5,603,164 +0.1%
Net Income $0 N/A N/A
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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Governance

Voting Members
6
Independent Members
6
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
0
$0
Total Directors
6
$0
Key Employees
1
$423,502
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
vern shaffer executive director 40.0
Key Emp
$374,242 $49,260 $423,502
MELANIE SHEPHERD PROPERTY MANAGER 40.0
Highest
$149,784 $27,081 $176,865
CHRIS HEVENER CONTROLLER 40.0
Highest
$126,813 $27,081 $153,894
CRAIG WISEMAN ACCOUNTING SUPERVISOR 40.0
Highest
$125,491 $27,081 $152,572
KIM HENDERSON PENSION MANAGER 40.0
Highest
$122,132 $27,081 $149,213
MARIA C MARTINEZ HEALTH DEPT. MANAGER 40.0
Highest
$119,186 $27,081 $146,267
Geremiah Robnett Secretary 1.0
Director
$0 $0 $0
RICHARD RIVERA CO-Chair 1.0
Director
$0 $0 $0
DENNY CAGAMPAN III VICE PRESIDENT 1.0
Director
$0 $0 $0
Gina Medel Treasurer 1.0
Director
$0 $0 $0
STEPHEN HINSON CO-Chair 1.0
Director
$0 $0 $0
ALBERT HERNANDEZ President 1.0
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
2024 $6,076,330 $6,076,330 $4,555,795 No data
2023 $5,603,164 $5,603,164 $1,865,472 No data
2022 $5,458,093 $5,458,093 $2,427,570 No data
2021 $5,749,173 $5,749,173 $1,001,353 No data
2020 $5,650,835 $5,650,835 $857,093 No data
2019 $5,381,152 $5,381,152 $705,389 No data
2018 $4,997,789 $4,997,789 $1,229,532 No data
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