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← SHEET METAL WORKERS HEALTH PLAN

Form 990 for tax year 2024

Filed by SHEET METAL WORKERS HEALTH PLAN.

Totals

Total revenue
$5,749,274
Total expenses
$3,625,546
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,439,365
Investment income
$1,309,909
Other revenue
$0
Total assets, end of year
$23,480,310
Total liabilities, end of year
$16,501
Net assets or fund balances, end of year
$23,463,809
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $4,439,365 · related or exempt $4,439,365

  • 3 · Investment income

    total $954,140 · excluded $954,140

  • 7a · Gross sales of assets other than inventory

    securities $823,745

  • 7b · Less cost or other basis and sales expenses

    securities $467,976

  • 7c · Gain or loss

    securities $355,769

  • 7d · Net gain or loss

    total $355,769 · excluded $355,769

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,244,300

  • 11a · Fees: management

    total $144,000

  • 11b · Fees: legal

    total $16,311

  • 11c · Fees: accounting

    total $20,400

  • 11f · Fees: investment management

    total $21,341

  • 11g · Fees: other

    total $149,127

  • 13 · Office expenses

    total $10,302

  • 19 · Conferences, conventions and meetings

    total $4,287

  • 23 · Insurance

    total $13,958

  • 24a · Other expenses: PCORI FEES

    total $1,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,325 · end of year $449,932

  • 2 · Savings and temporary cash investments

    beginning of year $721,720 · end of year $547,671

  • 4 · Accounts receivable

    beginning of year $246,794 · end of year $280,644

  • 11 · Investments: publicly traded securities

    beginning of year $19,792,980 · end of year $22,202,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,862 · end of year $16,501

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,214,957 · end of year $23,463,809

Mission and programs · 2024

Mission

THE PLAN'S PRIMARY MISSION IS TO PROVIDE AND MAINTAIN MEDICAL, DENTAL, VISION AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES IN THE AMOUNTS AND UNDER THE CONDITIONS AS SPECIFIED IN THE PLAN.

Activities or mission (Part I)

SEE SCHEDULE O.THE PLAN'S MISSION IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND BENEFICIARIES.

  • THE PLAN PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND BENEFICIARIES OF SHEET METAL WORKERS' INTERNATIONAL ASSOCIATION AND OTHER CLASSES OF EMPLOYEES WHO ARE EMPLOYED BY A CONTRIBUTING EMPLOYER, BUT NOT REPRESENTED IN COLLECTIVE BARGAINING BY THE SHEET METAL WORKERS' INTERNATIONAL ASSOCIATION.

As filed on the 2024 return.

Listed in Part VII

  • Kenneth Colombo

    CHAIRMAN/TRUSTEE

    Total calculated
    $369,024
    From this org
    $0
    From related orgs
    $271,085
    Other
    $97,939
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,085 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $76,406 related
    Nontaxable benefits
    $0 + $21,533 related
    Filer's total
    $0 + $369,024 related

  • Lori Wood

    TRUSTEE

    Total calculated
    $416,960
    From this org
    $0
    From related orgs
    $330,555
    Other
    $86,405
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,555 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $60,111 related
    Nontaxable benefits
    $0 + $26,294 related
    Filer's total
    $0 + $416,960 related

  • Dan McCallum

    TRUSTEE

    Total calculated
    $394,133
    From this org
    $0
    From related orgs
    $305,408
    Other
    $88,725
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,233 related
    Bonus
    $0
    Other
    $0 + $74,175 related
    Deferred
    $0 + $61,884 related
    Nontaxable benefits
    $0 + $26,841 related
    Filer's total
    $0 + $394,133 related

  • Michael Coleman

    TRUSTEE

    Total calculated
    $566,302
    From this org
    $0
    From related orgs
    $511,753
    Other
    $54,549
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,017 related
    Bonus
    $0
    Other
    $0 + $119,736 related
    Deferred
    $0 + $29,613 related
    Nontaxable benefits
    $0 + $24,936 related
    Filer's total
    $0 + $566,302 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202513109349304016

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