Civic Intelligence

Sheet Metal Workers' Local 105 Health Reimbursement Plan

990 • Fiscal year 2017 • EIN 33-0490874

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 08, 2018

160 W Santa Clara StreetSan Jose, CA 95113

(408) 298-1170

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.23x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.41x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2017

Asset Growth

55th percentile

7.0%

Faster asset growth than 55% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

15%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,709,023

Up $176,315 (+7.0%) from 2016

Net Assets

Up

$2,087,898

Up $192,555 (+10%) from 2016

Liabilities

Down

$621,125

Down $16,240 (-2.5%) from 2016

Revenue

Up

$1,500,279

Up $193,195 (+15%) from 2016

Expenses

Up

$1,307,724

Up $2,086 (+0.2%) from 2016

Net Income

Up

$192,555

Up $191,109 (+13216%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $3,058,014Liabilities 2010: $674,446Net Assets 2010: $2,383,5682010Assets 2011: $3,081,530Liabilities 2011: $729,420Net Assets 2011: $2,352,1102011Assets 2012: $3,067,139Liabilities 2012: $676,418Net Assets 2012: $2,390,7212012Assets 2013: $3,062,823Liabilities 2013: $695,625Net Assets 2013: $2,367,1982013Assets 2014: $2,902,147Liabilities 2014: $698,267Net Assets 2014: $2,203,8802014Assets 2016: $2,532,708Liabilities 2016: $637,365Net Assets 2016: $1,895,3432016Assets 2017: $2,709,023Liabilities 2017: $621,125Net Assets 2017: $2,087,8982017Assets 2019: $7,429,722Liabilities 2019: $886,692Net Assets 2019: $6,543,0302019Assets 2021: $10,972,862Liabilities 2021: $1,042,300Net Assets 2021: $9,930,5622021Assets 2022: $10,630,219Liabilities 2022: $1,155,443Net Assets 2022: $9,474,7762022

Highlighted filing

2017

Assets$2,709,023
Liabilities$621,125
Net Assets$2,087,898

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,448,7952010Expenses 2011: $1,459,0142011Expenses 2012: $1,443,2922012Expenses 2013: $1,484,7212013Revenue 2014: $1,433,221Expenses 2014: $1,596,539Net Income 2014: -$163,3182014Revenue 2016: $1,307,084Expenses 2016: $1,305,638Net Income 2016: $1,4462016Revenue 2017: $1,500,279Expenses 2017: $1,307,724Net Income 2017: $192,5552017Revenue 2019: $5,396,785Expenses 2019: $3,667,737Net Income 2019: $1,729,0482019Revenue 2021: $5,602,412Expenses 2021: $4,360,468Net Income 2021: $1,241,9442021Revenue 2022: $5,598,227Expenses 2022: $4,954,803Net Income 2022: $643,4242022

Highlighted filing

2017

Revenue$1,500,279
Expenses$1,307,724
Net Income$192,555
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$1,681,756
Mission and Program Overview

Mission

To provide supplemental retirement welfare payments and individual health reimbursement accounts to retirees of the plan and their beneficiaries.

To provide supplemental retirement income welfare payments to retirees of the plan and their beneficiaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,519,066$1,589,632▲ $70,566
Savings and Temporary Cash Investments$831,746$862,876▲ $31,130
Accounts Receivable$177,608$252,192▲ $74,584
Cash and Non-Interest-Bearing Accounts$2,880$2,879▼ $1
Prepaid Expenses and Deferred Charges$1,408$1,444▲ $36
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,532,708$2,709,023▲ $176,315
Other Assets Total-$0-
Liabilities
Other Liabilities$630,778$616,775▼ $14,003
Accounts Payable and Accrued Expenses$6,587$4,350▼ $2,237
Total Liabilities$637,365$621,125▼ $16,240
Net Assets / Fund Balance
Unrestricted Net Assets$1,895,343$2,087,898▲ $192,555
Total Net Assets Fund Balance$1,895,343$2,087,898▲ $192,555
Total Liabilities and Net Assets / Fund Balance$2,532,708$2,709,023▲ $176,315
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,424,278
Investment Income
$28,561
Other Revenue
$47,440
Change in Net Assets
$192,555

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,500,279
Total Revenue per Audited Statements
$1,500,279
Total Revenue per Form 990
$1,500,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,261,415
Fees for Services Accounting---$10,650
Fees for Services Legal---$7,200
Fees for Service Investment Mgmnt Fees---$5,201
Other Expenses---$2,130
Total Functional Expenses$0$0$0$1,307,724

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,321,727
Total Expenses per Audited Statements$1,321,727
Total Expenses per Form 990$1,307,724
Expenses Not Reported on Financial Statements$-14,003
Other Expense Adjustments$-14,003
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Benefit Obligations$594,105
Unclaimed Benefits Payable$22,670
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was provided to the trustees of the plan following review by the plan's legal counsel.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The plan makes its governing documents , financial staments available to the public upon request and approval by the trustees

Part VII Compensation of officers, directors, trustees, etc.

To the extent they may be relevant or required with respect to this Form 990 information return and schedules, the compensation of Plan trustees employed by not-for-profit labor organizations are properly reported on these organizations annual tax filings and are available from the Administrative Office upon request.

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local 105
EIN
33-0490874
Phone
4082981170
Address
160 W SANTA CLARA STREET, SAN JOSE, CA 95113

Signing Officer

Name
William Burrow
Title
Chairman
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
0
Employees
0

Preparer

Firm
David Brody & Company
Address
17785 CENTER COURT DR N STE 680, CERRITOS, CA 90703-8573
Preparer
Parbhu Jogia CPA
Phone
5624025222
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01408
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01444
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01424278
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01424278
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01259751
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0119365
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt045887
IRS990/PYOtherRevenueAmt0-87601
IRS990/PYProgramServiceRevenueAmt01275320
IRS990/PYRevenuesLessExpensesAmt01446
IRS990/PYTotalExpensesAmt01305638
IRS990/PYTotalRevenueAmt01307084
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0192555
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0831746
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0862876
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-14003
IRS990ScheduleD/ExpensesSubtotalAmt01321727
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-14003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0594105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Benefit Obligations
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Unclaimed Benefits Payable
IRS990ScheduleD/RevenueSubtotalAmt01500279
IRS990ScheduleD/TotalExpensesPerForm990Amt01307724
IRS990ScheduleD/TotalLiabilityAmt0616775
IRS990ScheduleD/TotalRevenuePerForm990Amt01500279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01500279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01321727
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS PROVIDED TO THE TRUSTEES OF THE PLAN FOLLOWING REVIEW BY THE PLAN'S LEGAL COUNSEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PLAN MAKES ITS GOVERNING DOCUMENTS , FINANCIAL STAMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND APPROVAL BY THE TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2To the extent they may be relevant or required with respect to this Form 990 information return and schedules, the compensation of Plan trustees employed by not-for-profit labor organizations are properly reported on these organizations annual tax filings and are available from the Administrative Office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VII Compensation of officers, directors, trustees, etc.
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SO CA SHEET METAL WORKERS 401A PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SHEET METAL WKRS HEALTH PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2SHEET METAL WRKRS PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3THE CONTRIBUTOR LIST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0330319259
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1956052259
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2956052257
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0401(a) PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HEALTH PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0160 W SANTA CLARA STREET SUITE 1550
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1111 N SEPULVEDA BLVD 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2111 N SEPULVEDA BLVD 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3IS ON FILE AT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN JOSE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MANHATTAN BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2MANHATTAN BEACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3THE TRUST OFFICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd095113
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd190266
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd290266
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd395113
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02532708
IRS990/TotalAssetsEOYAmt02709023
IRS990/TotalAssetsGrp/BOYAmt02532708

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