IUOE LOCAL 30 BENEFITS FUND (EIN 132873303) - 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

1951

Legal Domicile

Principal Officer

DARREN TURTON

Phone

7188478484

Tax Period

2023-01-01 to 2023-12-31

IUOE LOCAL 30 BENEFITS FUND, founded in 1951, is a mid-sized nonprofit that reported $82.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MEDICAL BENEFITS, SECOND OPINIONS, DENTAL,HYPERTENSION, ANNUAL PHYSICALS, OPTICAL BENEFITS, PRESCRIPTION DRUGS, ACCIDENTAL DEATH & DISMEMBERMENT, HOSPITAL & SURGICAL 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 $78,063,115

Investment Income $4,163,150

Other Revenue $0

TOTAL REVENUE $82,226,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,042,900

Fundraising Expenses $0

Other Expenses $1,136,727

TOTAL EXPENSES $79,798,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,226,265	$80,705,152	+0.0%
Expenses	$79,798,947	$88,493,059	-0.1%
Net Income	$2,427,318	$-7,787,907	-1.3%

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

$308,193

Total Directors

$1,952,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LYNN	UNION TRUSTEE - CHAIRMAN	1.00	Director	$0	$117,528	$534,586
ROBERT MOCCIO	UNION TRUSTEE	1.00	Director	$0	$91,443	$381,782
ROBERT WILSON	UNION TRUSTEE	1.00	Director	$0	$86,595	$352,376
KEVIN CRUSE	UNION TRUSTEE	1.00	Director	$0	$85,704	$347,242
DANA SANDERS	UNION TRUSTEE	1.00	Director	$0	$83,832	$336,460
JOHN CULKIN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
HOWARD FOX	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER DILEONE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
FRANK GIBBONS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
FRED SURACE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
FRED WARD	EMPLOYER TRUSTEE (P)	1.00	Director	$0	$0	$0
DARREN TURTON	FUND ADMINISTRATOR	10.00	Officer	$69,080	$77,926	$308,193
DONNA OWENS	BENEFITS FUND COORDINATOR	14.00	Highest	$112,441	$64,039	$215,986
ARTHUR J NITTOLO	BENEFITS EMPLOYEE	1.00	Highest	$0	$66,636	$212,612
JAMES C O'HARE	BENEFITS EMPLOYEE	40.00	Highest	$136,896	$72,205	$209,101
COLLEEN BRINDISI	BENEFITS EMPLOYEE	1.00	Highest	$0	$55,992	$179,034
YUSUF CARTER	BENEFITS EMPLOYEE	1.00	Highest	$0	$48,580	$170,140

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$82,226,265	$79,798,947	$116,014,132	$2,427,318
2022	$80,705,152	$88,493,059	$105,021,816	$-7,787,907
2021	$75,805,086	$73,024,439	$137,370,493	$2,780,647
2020	$64,505,840	$57,578,672	$126,621,202	$6,927,168
2019	$64,320,821	$63,604,630	$110,682,038	$716,191
2018	$60,781,778	$64,897,761	$97,174,911	$-4,115,983
2018	$60,781,778	$64,897,761	$97,174,911	$-4,115,983
2017	$53,687,340	$51,325,106	$104,953,046	$2,362,234

IUOE LOCAL 30 BENEFITS FUND