IRON WORKERS LOCAL UNION NO 60 SUPPLEMENTAL BENEFIT PLAN (EIN 161500669) - 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

1996

Legal Domicile

Principal Officer

MATTHEW NESBITT

Phone

3154228209

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL UNION NO 60 SUPPLEMENTAL BENEFIT PLAN, founded in 1996, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 30% operating margin.

Mission

PROVIDE BENEFITS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,319,078

Investment Income $598,046

Other Revenue $83,188

TOTAL REVENUE $4,000,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $308,377

TOTAL EXPENSES $2,781,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,000,312	$3,291,628	+0.2%
Expenses	$2,781,903	$2,173,817	+0.3%
Net Income	$1,218,409	$1,117,811	+0.1%

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

$464,122

Total Directors

$464,122

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT NESBITT	BUSINESS MANAGER	1.00	Officer Director	$0	$99,848	$235,945
COREY MOSSOW	TRUSTEE / RECORDING SECRETARY	1.00	Officer Director	$0	$97,900	$228,177
EMILY ABRANTES-WELLER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BLAIR LONGO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN SZVOREN	EMPLOYER TRUSTEE	1.00	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	$4,000,312	$2,781,903	$19,630,532	$1,218,409
2024	No data	No data	No data	No data
2023	$3,160,881	$2,108,548	$14,853,512	$1,052,333
2022	$3,418,546	$2,651,955	$13,198,203	$766,591
2021	$4,106,071	$2,627,487	$14,348,614	$1,478,584
2020	$3,794,243	$2,861,778	$11,143,395	$932,465
2019	$3,505,149	$2,453,172	$10,378,718	$1,051,977
2018	$3,111,665	$2,725,316	$9,212,990	$386,349

IRON WORKERS LOCAL UNION NO 60 SUPPLEMENTAL BENEFIT PLAN