INTERNATIONAL UNION OF OPER ENGINEERS LOCAL UNION 15 15A 15C MUNI WELFARE FD (EIN 133032407) - 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

1980

Legal Domicile

Principal Officer

CATHERINE CHASE

Phone

2122557657

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL UNION OF OPER ENGINEERS LOCAL UNION 15 15A 15C MUNI WELFARE FD, founded in 1980, is a small nonprofit that reported $616K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $865K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE SUPPLEMENTAL HEALTH 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 $438,548

Investment Income $177,222

Other Revenue $0

TOTAL REVENUE $615,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,507

Fundraising Expenses $0

Other Expenses $66,575

TOTAL EXPENSES $865,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,770	$409,873	+0.5%
Expenses	$865,086	$587,938	+0.5%
Net Income	$-249,316	$-178,065	+0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SALERNO	UNION TRUSTEE	1.00	Director	$0	$0	$0
TARA CARUSO	UNION TRUSTEE - THRU 5/2024	1.00	Director	$0	$0	$0
JENNIFER MARINO	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE PAONE	ALT TRUSTEE - EFF 5/2024	1.00	Director	$0	$0	$0
CATHERINE CHASE	FUND ADMIN	2.00	Officer	$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	$615,770	$865,086	$4,654,809	$-249,316
2023	$409,873	$587,938	$4,874,034	$-178,065
2022	$402,458	$659,182	$4,577,311	$-256,724
2021	$927,252	$599,520	$5,329,793	$327,732
2020	$736,987	$662,043	$5,135,954	$74,944
2019	$824,345	$620,124	$4,851,416	$204,221
2018	$621,913	$635,365	$4,411,564	$-13,452

INTERNATIONAL UNION OF OPER ENGINEERS LOCAL UNION 15 15A 15C MUNI WELFARE FD