MIRA-GMP & ALLIED WORKERS INSURANCE TRUS (EIN 043194045) - 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

1993

Legal Domicile

Principal Officer

JOHN BURKE

Phone

5133816886

Tax Period

2024-01-01 to 2024-12-31

MIRA-GMP & ALLIED WORKERS INSURANCE TRUS, founded in 1993, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $3.5M left a modest 13% surplus.

Mission

TO MAINTAIN INSURANCE BENEFITS PROVIDED FOR UNDER A COLLECTIVE BARGAINING AGREEMENT BETWEEN MANUFACTURERS' INDUSTRIAL RELATIONS ASSOCIATION AND THE UNITED STEEL, PAPER AND FORESTRY, RUBBER, MANUFACTURING, ENERGY, ALLIED INDUSTRIAL AND SERVICE WORKERS INTERNATIONAL UNION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,934,107

Investment Income $32,871

Other Revenue $0

TOTAL REVENUE $3,966,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,468,946

Other Expenses $787,138

TOTAL EXPENSES $3,468,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,966,978	$5,481,441	-0.3%
Expenses	$3,468,946	$6,481,352	-0.5%
Net Income	$498,032	$-999,911	-1.5%

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

N/A

Employees

N/A

Volunteers

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
JOHN BURKE	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT LEFERE	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD BEDOCS	TRUSTEE	2.00	Director	$0	$0	$0
CLAUDE BEAUDIN	TRUSTEE	2.00	Director	$0	$0	$0

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	$3,966,978	$3,468,946	$819,814	$498,032
2023	$5,481,441	$6,481,352	$2,239,177	$-999,911
2022	$3,997,472	$4,730,754	$2,024,641	$-733,282
2021	$4,279,851	$5,355,683	$2,928,068	$-1,075,832
2020	$4,857,735	$4,207,159	$3,705,316	$650,576
2019	$5,327,230	$6,335,609	$3,132,918	$-1,008,379
2018	$5,904,083	$6,384,457	$4,653,729	$-480,374
2018	$5,601,242	$6,185,069	$4,354,717	$-583,827

MIRA-GMP & ALLIED WORKERS INSURANCE TRUS