PMTA ILA Vacation & Welfare Fund (EIN 232022561) - 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

1980

Legal Domicile

Principal Officer

Phillip Renzi

Phone

2154253805

Tax Period

2023-10-01 to 2024-09-30

PMTA ILA Vacation & Welfare Fund, founded in 1980, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $10.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

Union employer sponsored vacation benefit fund which pays a semi-annual benefit distribution to eligible participants. The Fund also provides life insurance and disability

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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 $9,019,741

Investment Income $281,771

Other Revenue $0

TOTAL REVENUE $9,301,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $527,789

TOTAL EXPENSES $10,799,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,301,512	$9,988,657	-0.1%
Expenses	$10,799,367	$10,213,267	+0.1%
Net Income	$-1,497,855	$-224,610	+5.7%

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
Jim Lyons	Employer Trustee	2.00	Director	$0	$0	$0
Brian Casal	Employer Trustee	2.00	Director	$0	$0	$0
Andrew Sentyz	Employer Trustee	2.00	Director	$0	$0	$0
David Whene	Employer Trustee	2.00	Director	$0	$0	$0
Bayard Hogans	Employer Trustee	2.00	Director	$0	$0	$0
Joseph Carson	Union Trustee	2.00	Director	$0	$0	$0
Martin Masculli	Union Trustee	2.00	Director	$0	$0	$0
Lee W Cole Jr	Union Trustee	2.00	Director	$0	$0	$0
Robert Eells	Union Trustee	2.00	Director	$0	$0	$0
Philip Renzi	Union Trustee	2.00	Director	$0	$0	$0
William Ashe Jr	Union Trustee	2.00	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	$9,301,512	$10,799,367	$9,555,976	$-1,497,855
2023	$9,988,657	$10,213,267	$10,590,475	$-224,610
2022	$9,907,818	$8,710,126	$10,783,501	$1,197,692
2021	$9,347,330	$8,432,161	$9,587,968	$915,169
2020	$9,659,026	$8,043,369	$8,296,047	$1,615,657
2019	$6,967,241	$7,508,783	$6,072,874	$-541,542

PMTA ILA Vacation & Welfare Fund