IRON WORKERS LOCAL 401 VACATION FUND (EIN 237649329) - 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

1988

Legal Domicile

Principal Officer

Kevin Boyle

Phone

2156763000

Tax Period

2022-07-01 to 2023-06-30

IRON WORKERS LOCAL 401 VACATION FUND, founded in 1988, is a small nonprofit that reported $905K in total revenue in fiscal year 2022. Revenue fell 82% from the prior year — a significant decline worth monitoring.

Mission

Provide vacation benefits to 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $904,448

Investment Income $319

Other Revenue $0

TOTAL REVENUE $904,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $46,621

TOTAL EXPENSES $933,916

Year-over-Year Comparison

	2022	2021	Change
Revenue	$904,767	$5,117,801	-0.8%
Expenses	$933,916	$5,102,416	-0.8%
Net Income	$-29,149	$15,385	-2.9%

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

$812,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Boyle	Union Trustee	5.00	Director	$0	$132,029	$303,885
Susan Dachowski	Employer Trustee	5.00	Director	$0	$0	$0
Jamal Coles	Union Trustee	5.00	Director	$0	$132,389	$291,845
Patricia Ciervo	Employer Trustee	5.00	Director	$0	$0	$0
Henry Berk	Union Trustee	5.00	Director	$0	$97,331	$217,045
Erik Sims	Union 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
2023	$904,767	$933,916	No data	$-29,149
2023	$904,767	$933,916	No data	$-29,149
2022	$5,117,801	$5,102,415	$405,657	$15,386
2021	$5,422,578	$5,411,383	$408,413	$11,195
2020	$5,848,967	$5,855,943	$433,750	$-6,976
2019	$7,072,753	$7,042,432	$578,448	$30,321
2018	$7,608,732	$7,597,996	$697,091	$10,736

IRON WORKERS LOCAL 401 VACATION FUND