STEAMFITTERS 449 MEDICAL & BENEFIT FUND (EIN 256032450) - 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

Principal Officer

JAMES HARDING

Phone

4123810300

Tax Period

2024-01-01 to 2024-12-31

STEAMFITTERS 449 MEDICAL & BENEFIT FUND, founded in 1953, is a mid-sized nonprofit that reported $46.4M in total revenue in fiscal year 2024. Expenses of $39.7M left a modest 14% surplus.

Mission

TO PAY MEDICAL BENEFITS FOR MEMBERS OF A TRADE UNION, THEIR SPOUSES 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $43,768,306

Investment Income $2,661,734

Other Revenue $7,926

TOTAL REVENUE $46,437,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,722,351

Other Expenses $677,937

TOTAL EXPENSES $39,722,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,437,966	$47,049,653	0.0%
Expenses	$39,722,351	$39,139,175	+0.0%
Net Income	$6,715,615	$7,910,478	-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

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
JAMES HARDING	UNION TRUSTEE - CHAIRMAN	1.00	Director	$0	$0	$0
KENNETH BROADBENT	UNION TRUSTEE	1.00	Director	$0	$0	$0
HARRY STERLING	UNION TRUSTEE	1.00	Director	$0	$0	$0
RICHARD KING	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID PLAVI	UNION TRUSTEE	1.00	Director	$0	$0	$0
REGIS CLAUS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DAN LUGAILA	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
RAY GAJSKI	MANAGEMENT TRUSTEE	1.00	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	$46,437,966	$39,722,351	$100,849,349	$6,715,615
2023	$47,049,653	$39,139,175	$92,815,380	$7,910,478
2022	$33,756,431	$35,577,291	$84,836,791	$-1,820,860
2021	$44,512,937	$31,448,066	$89,351,885	$13,064,871
2020	$43,469,119	$32,122,052	$77,071,509	$11,347,067
2019	$54,301,426	$31,773,593	$67,483,009	$22,527,833
2018	$36,724,872	$30,996,561	$40,056,034	$5,728,311

STEAMFITTERS 449 MEDICAL & BENEFIT FUND