INTERNATIONAL ASSOCIATION OF MACHNISTS DISTRICT 15 HEALTH FUND (EIN 135598021) - 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

1950

Legal Domicile

Principal Officer

NORMAN SHREVE

Phone

2019478000

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF MACHNISTS DISTRICT 15 HEALTH FUND, founded in 1950, is a mid-sized nonprofit that reported $29.6M in total revenue in fiscal year 2023. Expenses of $26.4M left a modest 11% surplus.

Mission

THE PLAN PROVIDES HOSPITAL, SURGICAL, MEDICAL, DENTAL, OPTICAL AND PRESCRIPTION DRUG BENEFITS FOR APPROXIMATELY 1,300 ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.

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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 $25,694,043

Investment Income $1,631,958

Other Revenue $2,225,980

TOTAL REVENUE $29,551,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,862,525

TOTAL EXPENSES $26,392,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,551,981	$27,641,135	+0.1%
Expenses	$26,392,948	$22,758,926	+0.2%
Net Income	$3,159,033	$4,916,365	-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
JEFFREY ISAACS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
NICK DANDREA	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
GREGG NIERENBERG	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
NORMAN SHREVE	UNION TRUSTEE	2.00	Director	$0	$0	$0
ROBERT PAESE	UNION TRUSTEE	2.00	Director	$0	$0	$0
CRISTINO VILORIO	UNION TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM SENFF	UNION TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$29,551,981	$26,392,948	$75,884,918	$3,159,033
2022	$27,675,291	$22,758,926	$69,684,522	$4,916,365
2021	$28,024,629	$26,614,132	$68,794,718	$1,410,497
2020	$30,310,394	$24,154,740	$67,782,212	$6,155,654
2019	$28,401,270	$28,013,195	$58,485,721	$388,075
2018	$26,063,209	$21,170,476	$57,160,447	$4,892,733

INTERNATIONAL ASSOCIATION OF MACHNISTS DISTRICT 15 HEALTH FUND