WEST SENECA, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IRONWORKERS 6 MEDICAL & SUB PAY PLAN, founded in 1961, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 32% operating margin.
TO PROVIDE MEDICAL AND HEALTH BENEFITS TO ITS MEMBERS.
THE PLAN PROVIDED SUPPLEMENTAL UNEMPLOYMENT COMPENSATION AND BENEFITS SUCH AS HEALTH INSURANCE, TUITION AND VACATION. IN ADDITION, THE PLAN REIMBURSED ELIGIBLE PARTICIPANTS FOR CERTAIN MEDICAL...
THE PLAN PROVIDED SUPPLEMENTAL UNEMPLOYMENT COMPENSATION AND BENEFITS SUCH AS HEALTH INSURANCE, TUITION AND VACATION. IN ADDITION, THE PLAN REIMBURSED ELIGIBLE PARTICIPANTS FOR CERTAIN MEDICAL, DENTAL, OPTICAL, DAY CARE, AND SICK LEAVE EXPENSES WHICH MET THE QUALIFICATIONS DESCRIBED IN THE PLAN DOCUMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,628,518 | $4,486,278 | +0.5% |
| Expenses | $4,487,517 | $3,747,723 | +0.2% |
| Net Income | $2,141,001 | $738,555 | +1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES J WILLIS III | UNION TRUSTE | 1.50 |
Director
|
$19,021 | $90,063 | $194,510 |
| BRIAN HART | UNION TRUSTE | 1.50 |
Director
|
$7,762 | $90,063 | $183,251 |
| RONALD SOKOLOWSKI | ADMINISTRATO | 1.50 |
Officer
|
$97,926 | $65,939 | $163,865 |
| GUY BUGMAN | UNION TRUSTE | 1.50 |
Director
|
$12,046 | $17,405 | $44,147 |
| THOMAS HALLIGAN | UNION TRUSTE | 1.50 |
Director
|
$4,200 | $0 | $4,200 |
| JAMES LOGAN | EMPLOYER TRU | 1.50 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER OKIE | EMPLOYER TRU | 1.50 |
Director
|
$0 | $0 | $0 |
| THOMAS SAIA | EMPLOYER TRU | 1.50 |
Director
|
$0 | $0 | $0 |
| HL STEPHENSON | EMPLOYER TRU | 1.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $6,628,518 | $4,487,517 | $13,372,997 | $2,141,001 |
| 2024 | $4,486,278 | $3,747,723 | $10,920,247 | $738,555 |
| 2023 | $4,268,558 | $3,208,270 | $9,523,242 | $1,060,288 |
| 2022 | $3,380,518 | $3,296,632 | $8,615,907 | $83,886 |
| 2021 | $3,614,269 | $2,647,914 | $9,085,173 | $966,355 |
| 2020 | $2,868,604 | $3,602,877 | $7,734,923 | $-734,273 |
| 2019 | $3,888,957 | $3,751,363 | $8,196,547 | $137,594 |
Compare IRONWORKERS 6 MEDICAL & SUB PAY PLAN with other nonprofits in New York and across the country.