ITPEU ANNUAL BENEFIT FUND C/O ERISA SYSTEMS (EIN 112823324) - 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

1986

Legal Domicile

Principal Officer

JOSEPH CORCORAN

Phone

9082760800

Tax Period

2024-04-01 to 2025-03-31

ITPEU ANNUAL BENEFIT FUND C/O ERISA SYSTEMS, founded in 1986, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,642,982

Investment Income $338,578

Other Revenue $0

TOTAL REVENUE $15,981,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,208,949

TOTAL EXPENSES $15,547,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,981,560	$14,556,242	+0.1%
Expenses	$15,547,243	$11,486,314	+0.4%
Net Income	$434,317	$3,069,928	-0.9%

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

2646

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
DON JAMES	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN BRENTON IV	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
LEONARD CABRERA	TRUSTEE	1.00	Director	$0	$0	$0
WILMA ZIMMERMAN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT CHILDERS	VICE CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENISE MOORE	TRUSTEE	1.00	Director	$0	$0	$0
LENA BAILEY	VICE CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRINA WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS R ARRINGTON	FORMER CO-CHAIRMAN	1.00	Director	$0	$0	$0
RICHARD LANIGAN	FORMER 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
2025	$15,981,560	$15,547,243	$18,538,909	$434,317
2024	$14,556,242	$11,486,314	$17,430,083	$3,069,928
2023	$12,184,687	$9,989,702	$13,499,727	$2,194,985
2022	$10,884,935	$9,421,694	$11,873,942	$1,463,241
2021	$9,326,405	$8,612,244	$10,333,512	$714,161
2020	$9,949,252	$9,433,829	$8,493,896	$515,423
2019	$9,630,582	$10,157,366	$8,079,444	$-526,784
2018	$9,503,580	$10,301,625	$8,420,073	$-798,045

ITPEU ANNUAL BENEFIT FUND C/O ERISA SYSTEMS