IRC-FM IN SC AND CMM & INDUSTRIAL CARP LOCAL 721 HEALTH AND WELFARE TRUST FUND (EIN 237123661) - 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

1962

Legal Domicile

Principal Officer

REGINA TAYLOR

Phone

5624635000

Tax Period

2020-09-01 to 2021-08-31

IRC-FM IN SC AND CMM & INDUSTRIAL CARP LOCAL 721 HEALTH AND WELFARE TRUST FUND, founded in 1962, is a micro nonprofit that reported $62K in total revenue in fiscal year 2020. Expenses of $165K exceeded revenue, resulting in a 166% operating deficit.

Mission

TO PROVIDE MEDICAL, PRESCRIPTION AND DENTAL BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,080

Investment Income $7,876

Other Revenue $0

TOTAL REVENUE $61,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $89,883

TOTAL EXPENSES $165,024

Year-over-Year Comparison

	2020	2019	Change
Revenue	$61,956	$58,670	+0.1%
Expenses	$165,024	$183,752	-0.1%
Net Income	$-103,068	$-125,082	-0.2%

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

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
JOHN SANDBERG	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL BAGWELL	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
fred rojas	UNION TRUSTEE	1.0	Director	$0	$0	$0
FERNANDO ROJAS	UNION TRUSTEE	1.0	Director	$0	$0	$0
OSCAR CORDOVA	UNION TRUSTEE	1.0	Director	$0	$0	$0
jeffrey sandberg	management trustee	1.0	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
2021	$61,956	$165,024	$237,886	$-103,068
2020	$58,670	$183,752	$354,022	$-125,082
2019	$69,834	$171,346	$468,266	$-101,512
2018	$370,990	$732,669	$616,206	$-361,679

IRC-FM IN SC AND CMM & INDUSTRIAL CARP LOCAL 721 HEALTH AND WELFARE TRUST FUND