Iron Workers Welfare Plan of Western PA (EIN 250994648) - 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

1953

Legal Domicile

Phone

4122276740

Tax Period

2024-01-01 to 2024-12-31

Iron Workers Welfare Plan of Western PA, founded in 1953, is a mid-sized nonprofit that reported $28.0M in total revenue in fiscal year 2024. Net assets of $65.5M represent 28 months of operating reserves.

Mission

To pay welfare benefits.

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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 $26,644,670

Investment Income $1,314,468

Other Revenue $11,601

TOTAL REVENUE $27,970,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $901,896

TOTAL EXPENSES $27,216,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,970,739	$26,804,095	+0.0%
Expenses	$27,216,596	$23,088,536	+0.2%
Net Income	$754,143	$3,715,559	-0.8%

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

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 DANKO	UNION TRUSTEE	0.25	Director	$0	$0	$0
TODD BECKETT	UNION TRUSTEE	0.25	Director	$0	$0	$0
JAMES BRISTOW	UNION TRUSTEE	0.25	Director	$0	$0	$0
JAMES WRIGHT	UNION TRUSTEE	0.25	Director	$0	$0	$0
DANIELLE HARSHMAN	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
THOMAS LISTON	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
JESSE SUDETIC	EMPLOYER TRUSTEE	0.25	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	$27,970,739	$27,216,596	$65,569,914	$754,143
2023	$26,804,095	$23,088,536	$61,761,645	$3,715,559
2022	$26,325,281	$26,358,050	$54,446,450	$-32,769
2021	$26,221,792	$22,076,170	$61,241,237	$4,145,622
2020	$24,274,431	$27,785,899	$53,695,073	$-3,511,468

Iron Workers Welfare Plan of Western PA