Sheet Metal Workers' Health Plan of Southern California Arizona and Nevada (EIN 956052259) - 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

1950

Legal Domicile

Principal Officer

VERN SHAFFER

Phone

3107986572

Tax Period

2024-01-01 to 2024-12-31

Sheet Metal Workers' Health Plan of Southern California Arizona and Nevada, founded in 1950, is a major nonprofit that reported $101.5M in total revenue in fiscal year 2024. Expenses of $90.2M left a modest 11% surplus.

Mission

TO PROVIDE INSURANCE COVERAGE TO PARTICIPANTS AND FAMILY MEMBERS FROM CONTRIBUTIONS PAID BY EMPLOYERS IN ACCORDANCE WITH PLAN PROVISIONS.

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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 $93,028,551

Investment Income $8,487,287

Other Revenue $0

TOTAL REVENUE $101,515,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,518,765

TOTAL EXPENSES $90,172,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,515,838	$96,574,935	+0.1%
Expenses	$90,172,989	$84,494,198	+0.1%
Net Income	$11,342,849	$12,080,737	-0.1%

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
RICHARD RIVERA	TRUSTEE	1.0	Director	$0	$0	$0
JEFF HOLLY	TRUSTEE	1.0	Director	$0	$0	$0
BRANDON ZELENIAK	TRUSTEE	1.0	Director	$0	$0	$0
TODD HENARD	TRUSTEE	1.0	Director	$0	$0	$0
ANTHONY CAMPOS	TRUSTEE	1.0	Director	$0	$0	$0
DENNY CAGAMPAN III	TRUSTEE	1.0	Director	$0	$0	$0
DON SAPPINGTON II	TRUSTEE	1.0	Director	$0	$0	$0
KAREN FOX	TRUSTEE	1.0	Director	$0	$0	$0
BRIAN GREGORY	TRUSTEE	1.0	Director	$0	$0	$0
MIKE SCOLARI	TRUSTEE	1.0	Director	$0	$0	$0
ART LOPEZ	TRUSTEE	1.0	Director	$0	$0	$0
GEREMIAH ROBNETT	TRUSTEE	1.0	Director	$0	$0	$0
JAMES DILLARD	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS GONZALEZ	TRUSTEE	1.0	Director	$0	$0	$0
DAVID BARBERIO JR	TRUSTEE	1.0	Director	$0	$0	$0
ALAN SANDOVAL	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN HINSON	TRUSTEE	1.0	Director	$0	$0	$0
TIMOTHY HINSON	TRUSTEE	1.0	Director	$0	$0	$0
AL HERNANDEZ	TRUSTEE	1.0	Director	$0	$0	$0
BILL SHAVER	TRUSTEE	1.0	Director	$0	$0	$0
GINA MEDEL	TRUSTEE	1.0	Director	$0	$0	$0
RICH NIDAY	TRUSTEE	1.0	Director	$0	$0	$0
JOAQUAIN STALLWORTH	TRUSTEE	1.0	Director	$0	$0	$0
CHAD HERRICK	TRUSTEE	1.0	Director	$0	$0	$0
BRYCE BARLER	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL DEAN	TRUSTEE	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	$101,515,838	$90,172,989	$198,066,681	$11,342,849
2023	$96,574,935	$84,494,198	$184,597,484	$12,080,737
2022	$96,206,611	$80,896,800	$162,261,814	$15,309,811
2021	$91,427,512	$81,406,967	$161,487,270	$10,020,545
2020	$98,345,622	$75,111,137	$144,385,875	$23,234,485
2019	$95,895,695	$80,478,915	$118,803,442	$15,416,780
2018	$85,969,650	$74,801,783	$102,303,899	$11,167,867

Sheet Metal Workers' Health Plan of Southern California Arizona and Nevada