LOCAL 37 IRON WORKERS VACATION FUND (EIN 050464394) - 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

1975

Legal Domicile

Principal Officer

DAVID M LANGLAIS

Phone

4014381111

Tax Period

2023-01-01 to 2023-12-31

LOCAL 37 IRON WORKERS VACATION FUND, founded in 1975, is a community nonprofit in the Mutual Benefit sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

RECEIPT & DISBURSEMENT OF VACATION BENEFITS ON BEHALF OF CONTRACTORS THAT EMPLOY UNION MEMBERS.

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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 $1,386,545

Investment Income $523

Other Revenue $0

TOTAL REVENUE $1,387,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,387,068

Other Expenses $5,482

TOTAL EXPENSES $1,387,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,387,068	$1,477,824	-0.1%
Expenses	$1,387,068	$1,477,824	-0.1%
Net Income	$0	$0	N/A

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

N/A

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

$258,917

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M LANGLAIS	FINANCIAL SECRETARY TREASU	1.00	Director	$0	$109,979	$258,917
CLIFFORD JOHNSON	UNION TRUSTEE	1.00	Director	$0	$0	$0
NICOLE GRENON	UNION TRUSTEE	1.00	Director	$0	$0	$0
AARON LAROSE	UNION TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$1,387,068	$1,387,068	$55,198	No data
2022	$1,477,824	$1,477,824	$50,831	No data
2021	$896,384	$896,384	$48,627	No data
2020	$1,321,795	$1,321,795	$50,651	No data
2019	$1,279,990	$1,281,043	$61,738	$-1,053
2018	$1,167,220	$1,167,220	$50,722	No data

LOCAL 37 IRON WORKERS VACATION FUND