Sheet Metal Workers Health Fund
- Assets
- $11.4m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Rochester, NY
- Founding
- 12/1960
- Data as of
- 06/2023
- EIN
- 16-0760551
Organization Overview
Sheet Metal Workers Health Fund is located in Rochester, NY. The organization was established in 1960. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2023, Sheet Metal Workers Health Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheet Metal Workers Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2023, Sheet Metal Workers Health Fund generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GROUP BENEFITS FOR HOSPITALIZATION, SURGICAL, AND MEDICAL CARE; LIFE; DENTAL; ACCIDENT; AND HEALTH BENEFITS FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GROUP BENEFITS FOR HOSPITALIZATION, SURGICAL AND MEDICAL CARE, LIFE, DENTAL, ACCIDENT AND HEALTH BENEFITS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Milne Trustee/fund Manager | Trustee | 40 | $0 |
Gavin Vogt Trustee | Trustee | 1 | $0 |
Stefan Palluconi Trustee | Trustee | 1 | $0 |
John Patterson Trustee | Trustee | 1 | $0 |
Kate Hildebrandt Trustee | Trustee | 1 | $0 |
Michael Mcardle Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,828,912 |
| Investment income | $345,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,202,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,437,875 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,598 |
| Pension plan accruals and contributions | $46,966 |
| Other employee benefits | $66,725 |
| Payroll taxes | $12,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,388 |
| Fees for services: Accounting | $87,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,238 |
| Fees for services: Other | $57,650 |
| Advertising and promotion | $0 |
| Office expenses | $20,512 |
| Information technology | $55,752 |
| Royalties | $0 |
| Occupancy | $38,064 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,917 |
| Insurance | $3,680 |
| All other expenses | $0 |
| Total functional expenses | $6,618,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $899,958 |
| Savings and temporary cash investments | $3,880,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $123,365 |
| Net Land, buildings, and equipment | $33,214 |
| Investments—publicly traded securities | $5,748,066 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,676 |
| Total assets | $11,440,881 |
| Accounts payable and accrued expenses | $102,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $371,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $474,650 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,966,231 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,440,881 |