Civic Intelligence

Sheet Metal Workers Local No 177 Health & Welfare Fund

990 • Fiscal year 2016 • EIN 62-6109214

Jan 01, 2016 to Dec 31, 2016 • Filed on May 24, 2017

PO Box 1449Goodlettsville, TN 37070-1449

(615) 859-0131

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.83x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

0.76x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Net Margin

20th percentile

-8.4%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2016 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2016

Asset Growth

46th percentile

2.2%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

2.5%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$4,289,826

Flat from 2016

Net Assets

Flat

$729,152

Flat from 2016

Liabilities

Flat

$3,560,674

Flat from 2016

Revenue

Flat

$4,672,743

Flat from 2016

Expenses

Flat

$5,064,765

Flat from 2016

Net Income

Flat

-$392,022

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,577,433Liabilities 2011: $2,425,904Net Assets 2011: $2,151,5292011Assets 2012: $4,620,657Liabilities 2012: $2,581,668Net Assets 2012: $2,038,9892012Assets 2013: $4,496,793Liabilities 2013: $1,588,598Net Assets 2013: $2,908,1952013Assets 2014: $4,115,998Liabilities 2014: $2,807,317Net Assets 2014: $1,308,6812014Assets 2015: $4,197,557Liabilities 2015: $3,076,383Net Assets 2015: $1,121,1742015Assets 2016: $4,289,826Liabilities 2016: $3,560,674Net Assets 2016: $729,1522016Assets 2016: $4,289,826Liabilities 2016: $3,560,674Net Assets 2016: $729,1522016Assets 2017: $4,605,816Liabilities 2017: $3,218,345Net Assets 2017: $1,387,4712017Assets 2018: $4,543,669Liabilities 2018: $3,511,479Net Assets 2018: $1,032,1902018Assets 2019: $5,258,632Liabilities 2019: $3,683,025Net Assets 2019: $1,575,6072019Assets 2020: $5,276,373Liabilities 2020: $4,224,329Net Assets 2020: $1,052,0442020Assets 2021: $5,185,058Liabilities 2021: $4,918,443Net Assets 2021: $266,6152021Assets 2022: $5,974,219Liabilities 2022: $5,074,025Net Assets 2022: $900,1942022Assets 2023: $5,819,629Liabilities 2023: $4,863,870Net Assets 2023: $955,7592023Assets 2024: $6,712,705Liabilities 2024: $6,328,013Net Assets 2024: $384,6922024

Highlighted filing

2016

Assets$4,289,826
Liabilities$3,560,674
Net Assets$729,152

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,681,934Expenses 2011: $3,642,995Net Income 2011: $38,9392011Revenue 2012: $4,294,049Expenses 2012: $4,406,589Net Income 2012: -$112,5402012Revenue 2013: $3,693,033Expenses 2013: $2,823,827Net Income 2013: $869,2062013Revenue 2014: $3,885,915Expenses 2014: $5,485,429Net Income 2014: -$1,599,5142014Revenue 2015: $4,556,553Expenses 2015: $4,744,060Net Income 2015: -$187,5072015Revenue 2016: $4,672,743Expenses 2016: $5,064,765Net Income 2016: -$392,0222016Revenue 2016: $4,672,743Expenses 2016: $5,064,765Net Income 2016: -$392,0222016Revenue 2017: $5,367,380Expenses 2017: $4,709,061Net Income 2017: $658,3192017Revenue 2018: $5,236,587Expenses 2018: $5,591,868Net Income 2018: -$355,2812018Revenue 2019: $5,946,357Expenses 2019: $5,402,940Net Income 2019: $543,4172019Revenue 2020: $6,926,131Expenses 2020: $7,449,694Net Income 2020: -$523,5632020Revenue 2021: $6,699,828Expenses 2021: $7,485,257Net Income 2021: -$785,4292021Revenue 2022: $9,578,167Expenses 2022: $8,944,588Net Income 2022: $633,5792022Revenue 2023: $9,344,506Expenses 2023: $9,288,941Net Income 2023: $55,5652023Revenue 2024: $10,742,434Expenses 2024: $11,313,501Net Income 2024: -$571,0672024

Highlighted filing

2016

Revenue$4,672,743
Expenses$5,064,765
Net Income-$392,022
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 24, 2017
Return Version
2016v3.0
Gross Receipts
$6,587,253
Mission and Program Overview

Mission

The provision of benefits to participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,356,191$2,734,375▼ $621,816
Rtn Earn Endowment Incm Other Fnds$1,121,174$729,152▼ $392,022
Cash and Non-Interest-Bearing Accounts$320,775$581,939▲ $261,164
Investments in Publicly Traded Securities$114,359$551,762▲ $437,403
Accounts Receivable$402,529$418,455▲ $15,926
Prepaid Expenses and Deferred Charges$3,703$3,295▼ $408
Total Assets$4,197,557$4,289,826▲ $92,269
Liabilities
Other Liabilities$2,905,378$3,263,208▲ $357,830
Accounts Payable and Accrued Expenses$171,005$297,466▲ $126,461
Total Liabilities$3,076,383$3,560,674▲ $484,291
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,121,174$729,152▼ $392,022
Total Liabilities and Net Assets / Fund Balance$4,197,557$4,289,826▲ $92,269
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tony EasleyChairman
Don OrrTrustee
Stephen BurgettTrustee
Tom KroegerSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
CignaPpo1111 MARKET STREET, Chattanooga, TN 37402$165,152
Southern Benefit Administrators INCPlan Admin.PO BOX 1449, Goodlettsville, TN 37070-1449$144,249
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,574,209
Investment Income
$18,317
Other Revenue
$80,217
Change in Net Assets
$-392,022

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,672,743
Total Revenue per Audited Statements
$4,672,743
Total Revenue per Form 990
$4,672,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$565,890
Salaries, Compensation, and Employee Benefits$8,621
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$4,490,254
Insurance---$197,152
Fees for Services Other---$177,152
Fees for Services Management---$132,000
Fees for Services Accounting---$10,700
Payroll Taxes---$8,621
Fees for Services Legal---$3,900
All Other Expenses---$2,888
Other Expenses---$2,703
Total Functional Expenses$0$0$0$5,064,765

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,064,765
Total Expenses per Audited Statements$5,064,765
Total Expenses per Form 990$5,064,765
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
Benefits Payable$3,263,208
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Sheet metal workers local no. 177 sheet metal workers local no. 177 chairman trustee work for same local

Form 990, Page 6, Part VI, Line 3

Southern benefit administrators, inc.

Form 990, Page 6, Part VI, Line 7A

Union trustees are appointed by the sheet metal workers local union no. 177 while managment trustees are appointed by the exsisting management trustees.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed and approved by the entire board of trustees. It is then signed and filed.

Form 990, Page 6, Part VI, Line 12C

Conflicts of interest are reviewed continually and any issues that arise are handled at regular board meetings.

Form 990, Page 6, Part VI, Line 15A

The members of the board of trustees are not compensated in any way. A third party administrator was hired by the board of trustees to manage the fund and was selected , had its qualifications reviewed and compensation determined by competitive comparison by the entire board of trustees.

Form 990, Page 6, Part VI, Line 15B

The members of the board of trustees are not compensated in any way. A third party administrator was hired by the board of trustees to manage the fund and was selected , had its qualifications reviewed and compensation determined by competitive comparison by the entire board of trustees.

Form 990, Page 6, Part VI, Line 19

Available upon request. All communications contain a statement that documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Sheet Metal Workers Local No 177
EIN
62-6109214
Phone
6158590131
Address
PO BOX 1449, GOODLETTSVILLE, TN 37070-1449

Signing Officer

Name
Tony Easley
Title
Chairman
Phone
6158590131
Signed
2017-05-24

Organization Details

Principal Officer
Tony Easley
Formed
1971
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
14

Preparer

Firm
Daniels Irwin & Aylor
Address
223 MADISON STREET SUITE 112, MADISON, TN 37115-3660
Preparer
Douglas a Irwin
Phone
6158686008
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHEET METAL WORKERS LOCAL NO. 177 SHEET METAL WORKERS LOCAL NO. 177 CHAIRMAN TRUSTEE WORK FOR SAME LOCAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SOUTHERN BENEFIT ADMINISTRATORS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNION TRUSTEES ARE APPOINTED BY THE SHEET METAL WORKERS LOCAL UNION NO. 177 WHILE MANAGMENT TRUSTEES ARE APPOINTED BY THE EXSISTING MANAGEMENT TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES. IT IS THEN SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICTS OF INTEREST ARE REVIEWED CONTINUALLY AND ANY ISSUES THAT ARISE ARE HANDLED AT REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MEMBERS OF THE BOARD OF TRUSTEES ARE NOT COMPENSATED IN ANY WAY. A THIRD PARTY ADMINISTRATOR WAS HIRED BY THE BOARD OF TRUSTEES TO MANAGE THE FUND AND WAS SELECTED , HAD ITS QUALIFICATIONS REVIEWED AND COMPENSATION DETERMINED BY COMPETITIVE COMPARISON BY THE ENTIRE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MEMBERS OF THE BOARD OF TRUSTEES ARE NOT COMPENSATED IN ANY WAY. A THIRD PARTY ADMINISTRATOR WAS HIRED BY THE BOARD OF TRUSTEES TO MANAGE THE FUND AND WAS SELECTED , HAD ITS QUALIFICATIONS REVIEWED AND COMPENSATION DETERMINED BY COMPETITIVE COMPARISON BY THE ENTIRE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE UPON REQUEST. ALL COMMUNICATIONS CONTAIN A STATEMENT THAT DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0AC SHEET METAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1ANDERSON PIPING COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2APOLLO SHEET METAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3DAY & ZIMMERMANN NPS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4IMPULSE ELECTRICAL SYSTEMS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5JOHN W MCDOUGALL COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt6KIRK & BLUM MANUFACTURING COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt7LILJA CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt8MOFFITT MECHANICAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt9NASHVILLE SHEET METAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt10PERFORMANCE CONTRACTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt11READY DUCT
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt13SOUTHERN SHEET METAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt14TENNESSEE SHEET METAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt15TRIANGLE ENTERPRISES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt16VISION METAL WORKS
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BRAND ENERGY SERVICES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1HARRIS ACQUISITION III LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2RSS ROOFING SERVICE & SOLUTION LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt3VICTORY MACHINE & FABRICATION LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt4WILLIAMS SPECIALTY SERVICES LLC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SHEET METAL WORKERS LOCAL NO 177
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt04197557
IRS990/TotalAssetsGrp/EOYAmt04289826
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt03560674
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IRS990/TotalProgramServiceRevenueAmt04574209
IRS990/TotalRevenueGrp/ExclusionAmt018317
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04654426
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GOODLETTSVILLE
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06158590131
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEET METAL WORKERS LOCAL NO 177
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HEALTH & WELFARE FUND
ReturnHeader/Filer/BusinessNameControlTxt0SHEE
ReturnHeader/Filer/EIN0626109214
ReturnHeader/Filer/PhoneNum06158590131
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ReturnHeader/Filer/USAddress/CityNm0GOODLETTSVILLE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANIELS IRWIN & AYLOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0223 MADISON STREET SUITE 112
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0371153660
ReturnHeader/PreparerPersonGrp/PhoneNum06158686008

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.71$6.33$0.38$10.7$11.3$0.57
2023Summary only. Only limited summary data is available for this year.$5.82$4.86$0.96$9.34$9.29$0.06
2022Summary only. Only limited summary data is available for this year.$5.97$5.07$0.90$9.58$8.94$0.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.19$4.92$0.27$6.70$7.49$0.79
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.28$4.22$1.05$6.93$7.45$0.52
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$3.68$1.58$5.95$5.40$0.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$3.51$1.03$5.24$5.59$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.61$3.22$1.39$5.37$4.71$0.66
2016Detailed filing. Detailed filing data is available for this year.$4.29$3.56$0.73$4.67$5.06$0.39
2016Summary only. Only limited summary data is available for this year.$4.29$3.56$0.73$4.67$5.06$0.39
2015Detailed filing. Detailed filing data is available for this year.$4.20$3.08$1.12$4.56$4.74$0.19
2014Detailed filing. Detailed filing data is available for this year.$4.12$2.81$1.31$3.89$5.49$1.60
2013Summary only. Only limited summary data is available for this year.$4.50$1.59$2.91$3.69$2.82$0.87
2012Summary only. Only limited summary data is available for this year.$4.62$2.58$2.04$4.29$4.41$0.11
2011Summary only. Only limited summary data is available for this year.$4.58$2.43$2.15$3.68$3.64$0.04