CENTRAL NEW YORK IRON WORKERS AND EMPLOYERS COOPERATIVE TRUST (EIN 161556922) - 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

1998

Legal Domicile

Principal Officer

MATTHEW NESBITT

Phone

3154228209

Tax Period

2024-07-01 to 2025-06-30

CENTRAL NEW YORK IRON WORKERS AND EMPLOYERS COOPERATIVE TRUST, founded in 1998, is a small nonprofit in the Education sector that reported $373K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $330K left a modest 12% surplus.

Mission

THE IDENTIFICATION AND EXPANSION OF WORK OPPORTUNITIES FOR EMPLOYERS WHO ARE MEMBERS OF THE LOCAL 60 IRON WORKERS UNION.

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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 $293,729

Investment Income $79,229

Other Revenue $0

TOTAL REVENUE $372,958

Expense Breakdown

Grants Paid $120,040

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,376

Other Expenses $209,678

TOTAL EXPENSES $329,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,958	$334,176	+0.1%
Expenses	$329,718	$347,567	-0.1%
Net Income	$43,240	$-13,391	-4.2%

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

$464,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW NESBITT	TRUSTEE	1.00	Director	$0	$99,848	$235,945
MICHAEL CONWAY	TRUSTEE	1.00	Director	$0	$0	$0
EMILY ABRANTES	TRUSTEE	1.00	Director	$0	$0	$0
COREY MOSSOW	TRUSTEE	1.00	Director	$0	$97,900	$228,277

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	$372,958	$329,718	$1,875,892	$43,240
2024	$334,176	$347,567	$1,734,326	$-13,391
2023	$335,972	$817,164	$1,775,581	$-481,192
2022	$381,128	$395,951	$1,969,750	$-14,823
2021	$523,494	$657,290	$2,400,875	$-133,796
2020	$290,088	$443,689	$2,251,369	$-153,601
2019	$358,481	$249,487	$2,399,689	$108,994
2018	$389,955	$440,012	$2,253,514	$-50,057

CENTRAL NEW YORK IRON WORKERS AND EMPLOYERS COOPERATIVE TRUST