Steamfitters Industry Security Benefit Fund (EIN 136149681) - 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

1961

Legal Domicile

Phone

2124658888

Tax Period

2023-01-01 to 2023-12-31

Steamfitters Industry Security Benefit Fund, founded in 1961, is a mid-sized nonprofit in the Employment sector that reported $47.5M in total revenue in fiscal year 2023. Net assets of $302.2M represent 76 months of operating reserves.

Mission

The Fund was established to accumulate funds to provide supplemental benefits to partic. They become eligible to part in the Plan beg with the first day in which they work in covered employ for a signed contractor.

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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 $37,764,803

Investment Income $9,681,143

Other Revenue $85,418

TOTAL REVENUE $47,531,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,349

Fundraising Expenses $0

Program Expenses $47,059,980

Other Expenses $2,593,726

TOTAL EXPENSES $50,016,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,531,364	$45,014,108	+0.1%
Expenses	$50,016,055	$55,243,098	-0.1%
Net Income	$-2,484,691	$-10,228,990	-0.8%

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

$493,126

Total Directors

Key Employees

$828,332

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William J Turnbull	Executive Administrator	001.00	Officer	$11,114	$48,581	$493,126
Steve Cuadra	Education Director	N/A	Key Emp	$0	$66,027	$300,737
James Ippolito	Assistant Administrator	001.00	Key Emp	$8,705	$46,924	$264,546
James C White	Assistant Administrator	001.50	Key Emp	$10,811	$46,924	$263,049
Stephen Powers	Education Instructor	N/A	Highest	$0	$56,420	$242,670
Daniel Knights	Education Instructor	N/A	Highest	$0	$56,466	$240,413
Jason Grecco	Education Instructor	N/A	Highest	$0	$56,420	$240,299
Matthew Pizzo	Education Instructor	N/A	Highest	$0	$56,420	$233,238
Sean Driscoll	IT Director	001.50	Highest	$9,325	$26,280	$212,774
Ralph Montuoro Jr	Trustee	002.00	Director	$0	$0	$0
Michael Mulvaney	Trustee	002.00	Director	$0	$0	$0
Daniel Mulligan	Trustee	002.00	Director	$0	$0	$0
Anthony Saporito	Trustee	002.00	Director	$0	$0	$0
Brian Kearney Jr	Trustee	002.00	Director	$0	$0	$0
James Sheeran	Trustee	002.00	Director	$0	$0	$0
Shane McMorrow	Trustee	002.00	Director	$0	$0	$0
Robert Bartels Jr	Trustee	002.00	Director	$0	$0	$0
Mike Koebel	Trustee	002.00	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	$47,531,364	$50,016,055	$306,310,129	$-2,484,691
2022	$45,014,108	$55,243,098	$294,790,618	$-10,228,990
2021	$52,241,912	$52,386,250	$326,665,741	$-144,338
2020	$46,679,611	$68,781,034	$308,222,894	$-22,101,423
2019	$62,339,226	$48,175,826	$310,081,021	$14,163,400
2018	$62,620,487	$37,652,698	$271,200,452	$24,967,789

Steamfitters Industry Security Benefit Fund