INT'L ASSOC OF BRIDGE STRUCTURAL ORMTL REINFORCING IRONWORKERS LCL 12 HLTH FD (EIN 141512728) - 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

JOHN BISSAILLON

Phone

8004468646

Tax Period

2023-07-01 to 2024-06-30

INT'L ASSOC OF BRIDGE STRUCTURAL ORMTL REINFORCING IRONWORKERS LCL 12 HLTH FD, founded in 1950, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 8% surplus.

Mission

TO ADMINISTER A HEALTHCARE BENEFITS PROGRAM FOR UNION MEMBERS

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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 $1,775,748

Investment Income $292,015

Other Revenue $67

TOTAL REVENUE $2,067,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,092

Fundraising Expenses $0

Other Expenses $423,659

TOTAL EXPENSES $1,900,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,067,830	$1,742,360	+0.2%
Expenses	$1,900,683	$1,330,794	+0.4%
Net Income	$167,147	$411,566	-0.6%

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

$333,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY DIGESER	TRUSTEE	5.00	Director	$0	$0	$0
ERIC BRUGEMAN	TRUSTEE	5.00	Director	$0	$75,258	$161,914
JOHN BISSAILLON	TRUSTEE	5.00	Director	$0	$75,954	$171,400
MATTHEW CALKINS	TRUSTEE	5.00	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
2025	No data	No data	No data	No data
2024	$2,067,830	$1,900,683	$10,449,273	$167,147
2023	$1,742,360	$1,330,794	$9,748,858	$411,566
2022	$2,298,285	$2,118,425	$8,988,711	$179,860
2021	$2,555,755	$1,648,350	$10,377,870	$907,405
2020	$2,892,187	$2,444,946	$8,720,572	$447,241
2019	$2,563,722	$2,217,595	$8,152,051	$346,127
2018	$2,736,287	$2,032,515	$7,532,253	$703,772

INT'L ASSOC OF BRIDGE STRUCTURAL ORMTL REINFORCING IRONWORKERS LCL 12 HLTH FD