Form 990 for tax year 2024
Filed by SHEET METAL WORKERS LOCAL 292 HEALTH FUND.
Totals
- Total revenue
- $9,052,598
- Total expenses
- $10,060,970
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,971,319
- Investment income
- $81,279
- Other revenue
- $0
- Total assets, end of year
- $16,369,482
- Total liabilities, end of year
- $3,336,558
- Net assets or fund balances, end of year
- $13,032,924
- Program services expenses (Part IX)
- $9,615,368
- Management and general expenses
- $445,602
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,615,368
Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 $8,189,556 · related or exempt $8,189,556
-
2b · Program service revenue: Part Contributions
total $781,763 · related or exempt $781,763
-
3 · Investment income
total $534,462 · excluded $534,462
-
7a · Gross sales of assets other than inventory
securities $8,640,106
-
7b · Less cost or other basis and sales expenses
securities $9,093,289
-
7c · Gain or loss
securities -$453,183
-
7d · Net gain or loss
total -$453,183 · related or exempt -$453,183
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $9,615,368 · program services $9,615,368
-
11a · Fees: management
total $234,530 · management and general $234,530
-
11b · Fees: legal
total $15,083 · management and general $15,083
-
11c · Fees: accounting
total $21,817 · management and general $21,817
-
11f · Fees: investment management
total $105,591 · management and general $105,591
-
11g · Fees: other
total $12,545 · management and general $12,545
-
13 · Office expenses
total $44,816 · management and general $44,816
-
19 · Conferences, conventions and meetings
total $3,877 · management and general $3,877
-
23 · Insurance
total $5,202 · management and general $5,202
-
24a · Other expenses: Storage
total $2,141 · management and general $2,141
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $513,013 · end of year $1,677,112
-
2 · Savings and temporary cash investments
beginning of year $261,100 · end of year $271,090
-
4 · Accounts receivable
beginning of year $847,682 · end of year $731,083
-
9 · Prepaid expenses and deferred charges
beginning of year $634,356 · end of year $3,212
-
11 · Investments: publicly traded securities
beginning of year $14,344,975 · end of year $13,686,985
-
17 · Accounts payable and accrued expenses
beginning of year $94,734 · end of year $193,558
-
25 · Other liabilities
beginning of year $2,969,000 · end of year $3,143,000
-
31 · Retained earnings, endowment or other funds
beginning of year $13,537,392 · end of year $13,032,924
Mission and programs · 2024
Mission
See Schedule O
-
TO PROVIDE HOSPITALIZATION, MEDICAL AND OTHER HEALTH CARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.
Expenses $9,615,368
As filed on the 2024 return.
Listed in Part VII
-
Paul Gualdoni
Chairman
- Total calculated
- $271,613
- From this org
- $0
- From related orgs
- $175,019
- Other
- $96,594
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $175,019 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $96,594 related
- Filer's total
- not reported + $271,613 related
-
Antonio Silvestri
Trustee
- Total calculated
- $262,507
- From this org
- $0
- From related orgs
- $166,527
- Other
- $95,980
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $166,527 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $95,980 related
- Filer's total
- not reported + $262,507 related
-
Michael Asher
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Charles Garry
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Tracy Roberts
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
David Flynn
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 40 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.
-
Sheet Metal Workers JATC
501c3 · APPRENTICE · MI
-
SMW LOCAL 292
501C5 · LOCAL · MI
-
SMW LOCAL 292 ANNUITY FUND
501A · ANNUITY · MI
-
SMW LOCAL 292 PENSION FUND
501A · PENSION · MI
-
SMW LOCAL 292 SUB FUND
501C9 · UNEMP BENEFITS · MI
-
INTERNATINAL TRAINING INSTITUTE
501C3 · TRAINING · VA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
DURR INDUSTRIES INC
0% owned
-
GALLAGHER-KAISER CORP
0% owned
-
GIFFIN INCNA
0% owned
-
HMW CONTRACTING INC
0% owned
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 February 2026
- IRS schema version
- 2024v5.2
- Source object
- 202610449349301831
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