Sheet Metal Workers National Health Fund
501(c)(9)
95% goes to programs Strong reserves
Sheet Metal Workers National Health Fund is a 501(c)(9) organization based in Goodlettsvlle, Tennessee, registered in 1989, with $63,933,122 in FY2023 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
Po Box 1449, Goodlettsvlle, TN, 37070 EIN 52-1466749 Since 1989
Revenue (FY2023)
$63.9M
▲ 9.6% vs prior year
Expenses (FY2023)
$55.4M
Net assets
$57.0M
Employees
40
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sheet Metal Workers National Health Fund: 95% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sheet Metal Workers National Health Fund: 12 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sheet Metal Workers National Health Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sheet Metal Workers National Health Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide health insurance benefits for eligible participants
Contact & location
- Address
- Po Box 1449, Goodlettsvlle, TN, 37070
- City
- Goodlettsvlle
- State
- Tennessee
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $45.4M (FY2013) to $63.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $329KNet assets $57.0M
Operating margin
13.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$57.3M
Total liabilities
$329K
Net assets
$57.0M
Salaries & benefits
$0
0% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $63,933,122▲9.6% | $55,422,978▼11.5% | $56,978,510▲24.3% | $57,307,376▲24.8% | 990 |
| 2022 | $58,308,344▼5.4% | $62,593,124▲5.5% | $45,824,290▼22.3% | $45,933,774▼23.3% | 990 |
| 2021 | $61,652,205▼8.4% | $59,324,551▼8.7% | $58,992,059▲5.1% | $59,855,607▲6.4% | 990 |
| 2020 | $67,274,314▼5.5% | $64,967,192▼2.2% | $56,134,752▲4.3% | $56,229,241▲4.3% | 990 |
| 2019 | $71,180,995▲25.3% | $66,431,934▲8.8% | $53,827,630▲9.7% | $53,931,008▲9.6% | 990 |
| 2018 | $56,806,673▼9.5% | $61,063,512▲4.9% | $49,078,569▼8.0% | $49,207,162▼8.1% | 990 |
| 2017 | $62,745,935▼7.2% | $58,234,222▼5.4% | $53,335,408▲9.2% | $53,566,430▲8.9% | 990 |
| 2016 | $67,643,546▲12.8% | $61,539,965▲9.9% | $48,823,695▲14.3% | $49,174,435▲14.1% | 990 |
| 2015 | $59,953,462▲6.0% | $56,021,527▲14.6% | $42,720,114▲10.1% | $43,100,764▲9.5% | 990 |
| 2014 | $56,543,372▲24.7% | $48,863,402▲21.5% | $38,788,179▲24.7% | $39,376,531▲25.6% | 990 |
| 2013 | $45,350,928 | $40,231,665▼9.6% | $31,108,209▲24.1% | $31,338,375▲23.8% | 990 |
| 2012 | — | $44,515,782▲5.8% | $25,060,276▼6.0% | $25,304,665▼5.5% | 990 |
| 2011 | — | $42,079,228▲6.5% | $26,657,386▲7.7% | $26,783,424▲7.7% | 990 |
| 2010 | — | $39,500,006 | $24,748,363 | $24,879,311 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bart Bledsoe | Trustee | 2 | — |
| Bill Kenyon | Trustee | 2 | — |
| Brent Bertrand | Trustee | 2 | — |
| Christian Fuller | Trustee | 2 | — |
| Lance E Fout | Trustee | 2 | — |
| Michael Coleman | Trustee | 2 | — |
| Michael Verges | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Southern Benefit Administrators Inc | Administrative Services and Related Expe | $2,773,539 |
Frequently asked questions
- Is Sheet Metal Workers National Health Fund a legitimate nonprofit?
- Yes. Sheet Metal Workers National Health Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 52-1466749, based in Goodlettsvlle, Tennessee.
- What is Sheet Metal Workers National Health Fund's EIN?
- Sheet Metal Workers National Health Fund's Employer Identification Number (EIN) is 52-1466749.
- How much revenue does Sheet Metal Workers National Health Fund report?
- Sheet Metal Workers National Health Fund reported $63,933,122 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Sheet Metal Workers National Health Fund's spending goes to programs?
- Sheet Metal Workers National Health Fund spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sheet Metal Workers National Health Fund have?
- CharityIndex grades Sheet Metal Workers National Health Fund A+, based on program efficiency and fundraising cost.
- How much does Sheet Metal Workers National Health Fund's highest-paid employee make?
- The highest reported compensation on Sheet Metal Workers National Health Fund's latest Form 990 is $0, paid to Bart Bledsoe (Trustee).
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Data for Sheet Metal Workers National Health Fund (EIN 52-1466749) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.