IUPAT DISTRICT COUNCIL NO 11 HEALTH FUND (EIN 060683942) - 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

1950

Legal Domicile

Principal Officer

JASON WERTHMAN

Phone

8665995611

Tax Period

2024-07-01 to 2025-06-30

IUPAT DISTRICT COUNCIL NO 11 HEALTH FUND, founded in 1950, is a mid-sized nonprofit that reported $19.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $39.2M represent 25 months of operating reserves.

Mission

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,300,613

Investment Income $2,265,045

Other Revenue $480,163

TOTAL REVENUE $19,045,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,477,869

TOTAL EXPENSES $19,871,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,045,821	$17,440,078	+0.1%
Expenses	$19,871,632	$16,462,029	+0.2%
Net Income	$-825,811	$978,049	-1.8%

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

$947,842

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON WERTHMAN	TRUSTEE/CO-CHAIR	2.00	Director	$0	$74,285	$283,823
MARK VERITY	TRUSTEE	2.00	Director	$0	$71,434	$231,047
JUSTIN KELLEY	TRUSTEE	2.00	Director	$0	$61,234	$220,847
JOSEPH FAZZINO	TRUSTEE	2.00	Director	$0	$69,183	$212,125
MALCOLM MACKENZIE	TRUSTEE/CO-CHAIR	2.00	Director	$0	$0	$0
PAUL CARAMANICA	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW F MELE	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
2025	$19,045,821	$19,871,632	$42,472,320	$-825,811
2024	$17,440,078	$16,462,029	$42,141,432	$978,049
2023	$17,756,310	$16,652,316	$39,885,458	$1,103,994
2022	$16,129,327	$16,547,691	$36,523,994	$-418,364
2021	$17,002,734	$16,277,350	$42,564,448	$725,384
2020	$20,097,651	$14,867,455	$37,406,975	$5,230,196
2019	$19,630,502	$16,147,171	$34,223,400	$3,483,331
2018	$16,683,935	$14,791,992	$29,683,600	$1,891,943

IUPAT DISTRICT COUNCIL NO 11 HEALTH FUND