METAL LATHERS TRUST FUND 46 (EIN 131598182) - 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

1946

Legal Domicile

Principal Officer

MICHAEL ANDERSON

Phone

2125352323

Tax Period

2024-01-01 to 2024-12-31

METAL LATHERS TRUST FUND 46, founded in 1946, is a mid-sized nonprofit that reported $29.4M in total revenue in fiscal year 2024.

Mission

THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS. BENEFITS INCLUDE HOSPITALIZATION, DENTAL, LIFE INSURANCE AND DISABILITY INSURANCE.

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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 $25,061,586

Investment Income $3,983,805

Other Revenue $388,272

TOTAL REVENUE $29,433,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,063

Fundraising Expenses $0

Other Expenses $910,762

TOTAL EXPENSES $29,005,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,433,663	$29,022,085	+0.0%
Expenses	$29,005,842	$27,814,873	+0.0%
Net Income	$427,821	$1,207,212	-0.6%

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

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

$1,316,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ANDERSON	TRUSTEE	1.00	Director	$0	$136,887	$329,144
JOHN COFFEY	TRUSTEE	1.00	Director	$0	$136,887	$329,144
JOHN CLAUSMAN	TRUSTEE	1.00	Director	$0	$136,887	$329,144
GEORGE FERNANDEZ	TRUSTEE	1.00	Director	$0	$136,887	$329,144
MICHAEL SALGO	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MITRIONE	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	$29,433,663	$29,005,842	$22,648,478	$427,821
2023	$29,022,085	$27,814,873	$24,150,367	$1,207,212
2022	$26,766,393	$29,323,015	$23,466,250	$-2,556,622
2021	$28,199,883	$33,574,334	$27,931,787	$-5,374,451
2020	$30,629,597	$32,135,581	$30,564,165	$-1,505,984
2019	$33,757,527	$33,193,190	$30,814,326	$564,337
2018	$39,125,691	$40,520,644	$29,872,514	$-1,394,953

METAL LATHERS TRUST FUND 46