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Filing year 2023

SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST

Troy, Michigan·EIN 23-7165969·501(c)(9)
Total revenue
$26M
Total assets
$30.2M
Total expenses
$26.1M
Reported officers
4
Mission

To provide health and welfare benefits to eligible plan participants, and their dependents.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Trustee
Board Member
Above 90th percentile
$227k
$246k
Base
$162k
Bonus
Other
Benefits
Chairman
Board Chair
Above 90th percentile
$209k
$227k
Base
$156k
Bonus
Other
Benefits
Trustee
Board Member
Above 90th percentile
$192k
$209k
Base
$145k
Bonus
Other
Benefits
Trustee
Board Member
75th to 90th percentile
$100k
$109k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Top compensation, year by year

From $54k in 2021 to $227k in 2023.

$54k
2021
$70k
2022
$227k
2023
In today's dollarsEst.
Up 264% in real terms$68k to $246k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 319% from 2021 to 2023, while revenue rose 19%.

$54k in 2021 to $227k in 2023.
  • Board Chair pay rose 284% from 2021 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST reported revenue and expenses across 3 filing years.

RevenueExpenses
$21.8M
$19.4M
2021
$20.7M
$23.5M
2022
$26M
$26.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST

What does the Board Member of SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST earn?

In 2023, the Board Member of SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST received $226,576 in total compensation. This pay is in the top 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST falls in the top 10%.

What are SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST's revenue and expenses?

In 2023, SHEET METAL WORKERS LOCAL NO 80 INSURANCE TRUST reported $26M in total revenue and $26.1M in total expenses on its IRS Form 990.

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