YMutual & Membership BenefitEIN: 454844178· Ruling Year: 2014

Sheet Metal Workers Local 206 Health Benefit Trust

San Diego, California

A-Health Score
76A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.14×
Peer Median10.70×
💰
$19.2M
Total Revenue
📊
$15.4M
Total Expenses
🏦
$17.6M
Net Assets
📋
$2.3M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+19.4%
Year-over-year change (2022 → 2023)
Net Margin
+19.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.14
Net assets divided by total expenses
Liabilities-to-Assets
11.6%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$19,200,78319%$15,449,01715%$19,906,68129%
2022$16,076,07910%$13,383,4298%$15,450,10216%
2021$14,637,8102%$12,433,209$13,272,40123%
2020$14,351,11413%$12,439,63910%$10,804,33322%
2019$12,697,5902%$11,266,7343%$8,853,08026%
2018$12,451,99610%$11,594,32116%$7,026,89710%
2017$11,306,58816%$9,994,0326%$6,364,15335%
2016$9,722,8183%$9,442,3243%$4,698,6056%
2015$10,042,31916%$9,162,92315%$4,437,40823%
2014$8,629,4505%$7,970,8809%$3,596,74135%
2013$8,190,68766%$7,290,42669%$2,658,90447%
2012$4,948,255$4,311,240$1,809,246

Frequently Asked Questions

What does Sheet Metal Workers Local 206 Health Benefit Trust do?

Sheet Metal Workers Local 206 Health Benefit Trust is a mutual & membership benefit nonprofit organization based in California. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Sheet Metal Workers Local 206 Health Benefit Trust financially healthy?

Based on our 9-metric Financial Health Score model, Sheet Metal Workers Local 206 Health Benefit Trust has a score of 76/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Sheet Metal Workers Local 206 Health Benefit Trust generate?

Sheet Metal Workers Local 206 Health Benefit Trust reports $23.1M in annual revenue and holds $24.2M in total assets, based on IRS filings.

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