Wow, that seems like a really undersized beam if it's spanning the 16' dimension of the shed. I'm surprised it hasn't started sagging over the years.
I can only think of a couple of reasons why it's still sound:
- The connections at the ridge are so strong that they can't pull apart, and thus the ridge can't drop. But I'd think that would take some steel brackets to pull off. I have a 8'x8' pump house which uses brackets like this to create a gambrel shaped roof without using any rafter ties. It's the same approach most "shed kits" use, except they usually use plywood gussets instead of metal brackets.
- The building is almost square and the top plate of the wall is acting like a ring to tie everything together. Kind of like the way a gazebo stays up without rafter ties. Essentially, the side walls keep the front and back walls from moving outward. This would only work if the building was small, and the top plates are strong enough to resist the sideways pressure from the rafters pushing out.
Then again, it could be the combination of all three, the ridge beam, the connections, and the top plates that are holding it all together.
I'm glad it has held up for you, but I wouldn't design it that way. Then again, I'm no architect, just an amateur builder...
Anthony