LOCAL 945 IB OF T WELFARE FUND (EIN 221644608) - 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

1960

Legal Domicile

Principal Officer

PAXTON RYAN

Phone

9739429463

Tax Period

2023-01-01 to 2023-12-31

LOCAL 945 IB OF T WELFARE FUND, founded in 1960, is a mid-sized nonprofit that reported $35.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $34.0M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

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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 $34,284,043

Investment Income $1,077,891

Other Revenue $147,907

TOTAL REVENUE $35,509,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,103

Fundraising Expenses $0

Other Expenses $2,106,947

TOTAL EXPENSES $33,975,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,509,841	$30,086,032	+0.2%
Expenses	$33,975,667	$29,398,752	+0.2%
Net Income	$1,534,174	$687,280	+1.2%

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

N/A

Employees

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

$174,351

Total Directors

$676,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BAUMANN	TRUSTEE	1.00	Director	$0	$78,543	$233,670
PAXTON RYAN	TRUSTEE	1.00	Director	$0	$69,938	$217,306
RICHARD MAIO	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW PINTO	TRUSTEE	1.00	Director	$0	$0	$0
TONY MANHERTZ	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GEIB	TRUSTEE	1.00	Director	$0	$78,372	$225,740
CATHERINE OAKES	FUND MANAGER	40.00	Officer	$100,959	$34,960	$174,351

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	$35,509,841	$33,975,667	$28,296,211	$1,534,174
2022	$30,086,032	$29,398,752	$26,184,107	$687,280
2021	$27,085,020	$27,060,005	$27,093,435	$25,015
2020	$27,931,868	$24,358,648	$27,427,037	$3,573,220
2019	$30,796,498	$26,089,863	$22,761,892	$4,706,635
2018	$27,644,134	$28,204,859	$17,100,854	$-560,725
2018	$27,644,134	$28,204,859	$17,100,854	$-560,725

LOCAL 945 IB OF T WELFARE FUND