IUOE LOCAL 4 HEALTH & WELFARE PLAN (EIN 046040880) - 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

1957

Legal Domicile

Principal Officer

GREGORY A GEIMAN

Phone

5085331400

Tax Period

2023-01-01 to 2023-12-31

IUOE LOCAL 4 HEALTH & WELFARE PLAN, founded in 1957, is a mid-sized nonprofit that reported $83.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $75.9M left a modest 10% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $81,607,304

Investment Income $2,302,333

Other Revenue $27,031

TOTAL REVENUE $83,936,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,457,257

Fundraising Expenses $0

Other Expenses $-374,190

TOTAL EXPENSES $75,908,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,936,668	$76,552,973	+0.1%
Expenses	$75,908,567	$67,606,610	+0.1%
Net Income	$8,028,101	$8,946,363	-0.1%

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

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

$317,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL C DIMINICO	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID SHEA	UNION TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BOWES	UNION TRUSTEE - EFF 09/23	1.00	Director	$0	$0	$0
WILLIAM D MCLAUGHLIN	UNION TRUSTEE - THRU 09/23	1.00	Director	$0	$0	$0
ANGELO COLOSANTE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVID MARR JR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JIM REGER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GREGORY A GEIMAN	FUND ADMINISTRATOR	13.00	Officer	$251,399	$65,738	$317,137
REBECCA ZACCARDI	CONTROLLER	12.00	Highest	$159,195	$55,460	$214,655
DONALD CHRISTY	COLLECTIONS MANAGER	16.00	Highest	$129,902	$58,088	$187,990
LAURA-JEAN HICKEY	ASSISTANT FUND ADMINISTRATOR	32.00	Highest	$125,030	$55,898	$180,928
JAMES M BURNS	IT DIRECTOR	7.00	Highest	$108,924	$55,898	$164,822

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	$83,936,668	$75,908,567	$137,189,231	$8,028,101
2022	$76,552,973	$67,606,610	$117,848,189	$8,946,363
2021	$74,908,842	$66,737,967	$119,296,293	$8,170,875
2020	$64,631,160	$58,572,738	$103,951,507	$6,058,422
2019	$65,206,360	$55,969,115	$92,055,634	$9,237,245
2018	$59,269,483	$60,737,896	$78,714,879	$-1,468,413

IUOE LOCAL 4 HEALTH & WELFARE PLAN