Civic Intelligence

Sheet Metal Workers Local 85 Welfare Fun

EIN 58-6056203 • 501(c)9 • Goodlettsville, TN

Profile

The purpose of this fund is to maintain a plan of benefits which provides life, accidental death and dismemberment, disability, hospitalization and major medical benefits as specified in the plan.

P O Box 1449Goodlettsville, TN 37070
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.01x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

35th percentile

0.00x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2023

Net Margin

12th percentile

-19%

Higher net margin than 12% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

501(c)9 • $10M-$25M nonprofits • Source year 2021

Asset Growth

10th percentile

-27%

Faster asset growth than 10% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

7.2%

Faster revenue growth than 55% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$8,248,228

Up $1,492,048 (+22%) from 2023

Liabilities

Up

$111,925

Up $68,776 (+159%) from 2023

Net Assets

Up

$8,136,303

Up $1,423,272 (+21%) from 2023

Revenue

Up

$16,037,467

Up $2,992,207 (+23%) from 2023

Expenses

Down

$14,614,195

Down $864,339 (-5.6%) from 2023

Net Income

Up

$1,423,272

Up $3,856,546 (+158%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $9,254,503Liabilities 2011: $5,229,498Net Assets 2011: $4,025,0052011Assets 2012: $9,770,563Liabilities 2012: $4,792,449Net Assets 2012: $4,978,1142012Assets 2013: $7,993,739Liabilities 2013: $6,241,680Net Assets 2013: $1,752,0592013Assets 2014: $8,450,267Liabilities 2014: $4,052,775Net Assets 2014: $4,397,4922014Assets 2015: $9,183,732Liabilities 2015: $4,689,844Net Assets 2015: $4,493,8882015Assets 2016: $7,980,815Liabilities 2016: $6,656,721Net Assets 2016: $1,324,0942016Assets 2017: $9,738,687Liabilities 2017: $6,908,827Net Assets 2017: $2,829,8602017Assets 2018: $9,703,403Liabilities 2018: $88,150Net Assets 2018: $9,615,2532018Assets 2019: $12,050,847Liabilities 2019: $198,480Net Assets 2019: $11,852,3672019Assets 2020: $12,213,472Liabilities 2020: $112,997Net Assets 2020: $12,100,4752020Assets 2021: $11,960,555Liabilities 2021: $120,671Net Assets 2021: $11,839,8842021Assets 2022: $9,216,171Liabilities 2022: $69,866Net Assets 2022: $9,146,3052022Assets 2023: $6,756,180Liabilities 2023: $43,149Net Assets 2023: $6,713,0312023Assets 2024: $8,248,228Liabilities 2024: $111,925Net Assets 2024: $8,136,3032024

Highlighted filing

2024

Assets$8,248,228
Liabilities$111,925
Net Assets$8,136,303

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $7,368,376Expenses 2011: $6,024,291Net Income 2011: $1,344,0852011Revenue 2012: $7,234,803Expenses 2012: $6,281,694Net Income 2012: $953,1092012Expenses 2013: $10,048,0772013Revenue 2014: $7,442,464Expenses 2014: $4,767,379Net Income 2014: $2,675,0852014Revenue 2015: $8,292,346Expenses 2015: $8,115,166Net Income 2015: $177,1802015Revenue 2016: $9,461,664Expenses 2016: $12,623,414Net Income 2016: -$3,161,7502016Revenue 2017: $9,952,831Expenses 2017: $8,424,960Net Income 2017: $1,527,8712017Revenue 2018: $10,338,768Expenses 2018: $10,420,187Net Income 2018: -$81,4192018Revenue 2019: $12,271,380Expenses 2019: $10,034,266Net Income 2019: $2,237,1142019Revenue 2020: $12,580,364Expenses 2020: $12,332,256Net Income 2020: $248,1082020Revenue 2021: $12,790,339Expenses 2021: $13,050,930Net Income 2021: -$260,5912021Revenue 2022: $12,171,943Expenses 2022: $14,865,522Net Income 2022: -$2,693,5792022Revenue 2023: $13,045,260Expenses 2023: $15,478,534Net Income 2023: -$2,433,2742023Revenue 2024: $16,037,467Expenses 2024: $14,614,195Net Income 2024: $1,423,2722024

Highlighted filing

2024

Revenue$16,037,467
Expenses$14,614,195
Net Income$1,423,272

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.25$0.11$8.14$16.0$14.6$1.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.76$0.04$6.71$13.0$15.5$2.43
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.22$0.07$9.15$12.2$14.9$2.69
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.12$11.8$12.8$13.1$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$0.11$12.1$12.6$12.3$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$0.20$11.9$12.3$10.0$2.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.70$0.09$9.62$10.3$10.4$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.74$6.91$2.83$9.95$8.42$1.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.98$6.66$1.32$9.46$12.6$3.16
2015Detailed filing. Detailed filing data is available for this year.$9.18$4.69$4.49$8.29$8.12$0.18
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.45$4.05$4.40$7.44$4.77$2.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.99$6.24$1.75$10.0
2012Summary only. Only limited summary data is available for this year.$9.77$4.79$4.98$7.23$6.28$0.95
2011Summary only. Only limited summary data is available for this year.$9.25$5.23$4.03$7.37$6.02$1.34
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 26, 2022
Return Version
2020v4.2
Gross Receipts
$12,790,339
Mission and Program Overview

Mission

The provision of benefits to participants.

To provide health insurance benefits to eligible participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$12,100,475$11,839,884▼ $260,591
Investments in Publicly Traded Securities$10,812,882$10,088,263▼ $724,619
Accounts Receivable$1,094,327$1,414,261▲ $319,934
Cash and Non-Interest-Bearing Accounts$241,709$406,874▲ $165,165
Savings and Temporary Cash Investments$58,674$44,878▼ $13,796
Prepaid Expenses and Deferred Charges$5,880$6,279▲ $399
Total Assets$12,213,472$11,960,555▼ $252,917
Liabilities
Accounts Payable and Accrued Expenses$112,997$120,671▲ $7,674
Total Liabilities$112,997$120,671▲ $7,674
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,100,475$11,839,884▼ $260,591
Total Liabilities and Net Assets / Fund Balance$12,213,472$11,960,555▼ $252,917
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,976,837
Investment Income
$813,502
Other Revenue
$0
Change in Net Assets
$-260,591

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,790,339
Total Revenue per Audited Statements
$12,790,339
Total Revenue per Form 990
$12,790,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$427,950
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$12,622,980--$12,622,980
Fees for Services Legal-$31,376-$31,376
Office Expenses-$27,287-$27,287
Fees for Service Investment Mgmnt Fees-$22,857-$22,857
Fees for Services Accounting-$14,000-$14,000
All Other Expenses-$13,634-$13,634
Insurance-$11,695-$11,695
Other Expenses-$6,170-$6,170
Conferences and Meetings-$5,856-$5,856
Total Functional Expenses$12,622,980$427,950$0$13,050,930

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,050,930
Total Expenses per Audited Statements$13,050,930
Total Expenses per Form 990$13,050,930
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12

Board of trustees meet quarterly at that time review all policies in force their strict adherence to them

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local 85 Welfare Fund
EIN
58-6056203
Phone
6158590131
Address
P O BOX 1449, Goodlettsville, TN 37070

Signing Officer

Name
Steve Langley
Title
Trustee
Phone
6158590131
Signed
2022-04-26
Discuss with paid preparer
No

Organization Details

Formed
1966
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Dennis G Jenkinscpa
Address
1690 STONE VILLAGE LN, KENNESAW, GA 30152
Preparer
Dennis G Jenkinscpallc
Phone
7704245755
Raw XML Appendix339 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO PROVIDE HEALTH INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS
IRS990/AdvertisingGrp/TotalAmt00
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IRS990/BooksInCareOfDetail/USAddress/CityNm0GOODLETTSVILLE
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd037070
IRS990/BusinessRlnWith35CtrlEntInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt0241709
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
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IRS990/ConsolidatedAuditFinclStmtInd0false
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IRS990/CYTotalRevenueAmt012790339
IRS990/DecisionsSubjectToApprovaInd0true
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IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
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IRS990/ExpenseAmt0391704
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IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014000
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6002.00
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3JOHN KNOX
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE LANGLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEET METAL WORKERS LOCAL 85 WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0SHEE
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ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1449
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DENNIS G JENKINSCPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01690 STONE VILLAGE LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KENNESAW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030152
ReturnHeader/PreparerPersonGrp/PhoneNum07704245755
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS G JENKINSCPALLC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-04-26T03:03:54-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LANGLEY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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