IRON WORKERS LOCAL 399 VACATION FUND (EIN 222978334) - 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

1989

Legal Domicile

Principal Officer

Richard Sweeney

Phone

8564569018

Tax Period

2023-07-01 to 2024-06-30

IRON WORKERS LOCAL 399 VACATION FUND, founded in 1989, is a micro nonprofit that reported $221 in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 3195% operating deficit.

Mission

TO PROVIDE VACATION BENEFITS TO ITS 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 $0

Investment Income $221

Other Revenue $0

TOTAL REVENUE $221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,868

TOTAL EXPENSES $7,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221	$6,949	-1.0%
Expenses	$7,283	$161,461	-1.0%
Net Income	$-7,062	$-154,512	-1.0%

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

$1,252,493

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SWEENEY	UNION TRUSTEE	5.00	Director	$0	$119,555	$322,671
GARY BROWN	UNION TRUSTEE	5.00	Director	$0	$117,395	$309,921
GREG FERRETTI	UNION TRUSTEE	5.00	Director	$0	$117,395	$310,656
SAM RUBINO	UNION TRUSTEE	5.00	Director	$0	$117,395	$309,245
MICHAEL BARRON	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
JOSEPH MERLINO	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
RICH PUCCI	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
MIKE FORD	EMPLOYER 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
2024	$221	$7,283	No data	$-7,062
2023	$6,949	$161,461	$7,127	$-154,512
2022	$1,838,030	$1,825,650	$465,240	$12,380
2021	$3,082,296	$3,069,401	$374,642	$12,895
2020	$3,506,526	$3,493,636	$581,610	$12,890
2019	$3,977,148	$4,007,164	$615,463	$-30,016
2018	$4,151,707	$4,133,795	$762,864	$17,912

IRON WORKERS LOCAL 399 VACATION FUND