IRON WORKERS DISTRICT COUNCIL OF NEW ENGLAND HEALTH AND WELFARE FUND (EIN 042163872) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

WILLIAM P HURLEY

Phone

6172653757

Tax Period

2023-01-01 to 2023-12-31

IRON WORKERS DISTRICT COUNCIL OF NEW ENGLAND HEALTH AND WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $34.8M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Net assets of $69.8M represent 24 months of operating reserves.

Mission

TO PROVIDE MEDICAL BENEFITS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,367,643

Investment Income $2,433,518

Other Revenue $14,340

TOTAL REVENUE $34,815,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,079,269

Fundraising Expenses $0

Other Expenses $3,310,514

TOTAL EXPENSES $35,838,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,815,501	$38,169,369	-0.1%
Expenses	$35,838,622	$35,154,496	+0.0%
Net Income	$-1,023,121	$3,014,873	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID POWELL	TRUSTEE	10.00	Officer Director	$0	$0	$0
RUSSELL ANDERSON	TRUSTEE	10.00	Officer Director	$0	$0	$0
VINCENT COYLE	TRUSTEE	10.00	Officer Director	$0	$0	$0
DAVID LANGLAIS	TRUSTEE	10.00	Officer Director	$0	$0	$0
DANIEL KOURY	TRUSTEE	10.00	Officer Director	$0	$0	$0
SHAWN NEHILEY	TRUSTEE	10.00	Officer Director	$0	$0	$0
WILLIAM P HURLEY	FUND ADMINISTRATOR	14.00	Highest	$67,406	$72,982	$237,507

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$34,815,501	$35,838,622	$75,039,838	$-1,023,121
2022	$38,169,369	$35,154,496	$74,137,675	$3,014,873
2021	$36,855,479	$34,730,760	$83,733,538	$2,124,719
2020	$29,515,996	$29,348,188	$80,136,581	$167,808
2019	$30,830,994	$30,127,793	$76,234,888	$703,201
2018	$32,491,061	$27,905,529	$68,784,937	$4,585,532

IRON WORKERS DISTRICT COUNCIL OF NEW ENGLAND HEALTH AND WELFARE FUND