IUOE LOCAL 406 WELFARE FUND (EIN 300285271) - 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

2004

Legal Domicile

Principal Officer

ROBERT S BOH

Phone

2259241311

Tax Period

2022-01-01 to 2022-12-31

IUOE LOCAL 406 WELFARE FUND, founded in 2004, is a micro nonprofit that reported $35K in total revenue in fiscal year 2022. Revenue fell 209% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HEALTH (MEDICAL/RX) AND WELFARE (LIFE/AD&D) BENEFITS TO PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS AND TO PROVIDE FOR EDUCATION OR TRAINING BENEFITS OR COURSES (SUCH AS APPRENTICE AND TRAINING PROGRAMS).

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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 $0

Investment Income $-35,064

Other Revenue $58

TOTAL REVENUE $-35,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $53,155

TOTAL EXPENSES $1,187,564

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-35,006	$32,160	-2.1%
Expenses	$1,187,564	$823,473	+0.4%
Net Income	$-1,222,570	$-791,313	+0.5%

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	Role	Reportable Comp	Other Comp	Total
ROBERT S BOH	CHAIRMAN	Director	$0	$0	$0
CARLOS BENOIT	TRUSTEE	Director	$0	$0	$0
D JASON BILLINGS	VICE CHAIRMAN	Director	$0	$0	$0
MIKE MORAIN	TRUSTEE	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
2022	$-35,006	$1,187,564	No data	$-1,222,570
2021	$32,160	$823,473	$1,236,237	$-791,313
2020	$69,519	$829,311	$2,067,837	$-759,792
2019	$91,153	$302,570	$4,061,087	$-211,417
2018	$98,058	$239,092	$4,572,381	$-141,034

IUOE LOCAL 406 WELFARE FUND