Iron Workers Local 68 Supplemental Disability Benefits Fund (EIN 222460963) - 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

1983

Legal Domicile

Principal Officer

Richard Sweeney

Phone

8564569323

Tax Period

2024-07-01 to 2025-06-30

Iron Workers Local 68 Supplemental Disability Benefits Fund, founded in 1983, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 302% operating margin.

Mission

Supplemental Disability Benefits are provided to eligible members who lost time from work due to illness or injury.

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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 $0

Investment Income $2,192

Other Revenue $0

TOTAL REVENUE $2,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $22,148

TOTAL EXPENSES $-4,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,192	$3,731	-0.4%
Expenses	$-4,431	$90,786	-1.0%
Net Income	$6,623	$-87,055	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Sweeney	Administrator	1.00		$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	$2,192	$-4,431	$96,150	$6,623
2024	$3,731	$90,786	$149,710	$-87,055
2023	$166	$43,085	$228,971	$-42,919
2022	$1,824	$71,548	$303,208	$-69,724
2021	$6,793	$46,648	$383,733	$-39,855
2020	$7,966	$52,951	$433,264	$-44,985
2019	$7,427	$40,647	$461,690	$-33,220
2018	$22,065	$63,275	$482,144	$-41,210

Iron Workers Local 68 Supplemental Disability Benefits Fund