IRONWORKERS DISTRICT COUNCIL OF SO… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

PENNY BROWN

Phone

9374541744

Tax Period

2024-02-01 to 2025-01-31

IRONWORKERS DISTRICT COUNCIL OF SOUTHERN OHIO AND VICINITY BENEFIT TRUST, founded in 1952, is a mid-sized nonprofit that reported $78.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $67.9M left a modest 14% surplus.

Mission

TO PROVIDE HEALTH, DENTAL, VISION, AND DISABILITY BENEFITS TO PARTICIPANTS, DEPENDANTS, AND RETIREES

Program Service Accomplishments

Program 1

TO PROVIDE FOR THE HEALTH, DENTAL, VISION, AND DISABILITY AND DEATH BENEFIT NEEDS OF THE PARTICIPANTS, DEPENDANTS, AND RETIREES OF THE IRON WORKERS DISTRICT COUNCIL OF SOUTHERN OHIO AND VICINITY

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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 $76,538,004

Investment Income $2,139,327

Other Revenue $0

TOTAL REVENUE $78,677,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,237,743

Fundraising Expenses $0

Other Expenses $3,359,526

TOTAL EXPENSES $67,917,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,677,331	$67,128,006	+0.2%
Expenses	$67,917,871	$61,252,538	+0.1%
Net Income	$10,759,460	$5,875,468	+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

$221,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY BROWN	ADMINISTRATIVE MANAGER	40.00	Officer	$191,011	$30,450	$221,461
DAVID BAKER	LABOR TRUSTEE	2.00	Director	$0	$0	$0
MARK BISHOP	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
BRIAN CARTER	LABOR TRUSTEE	2.00	Director	$0	$0	$0
MARK E DOUGLAS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RONALD FISHER	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ADAM FRUCHEY	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SCOTT HERMESCH	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN HESFORD	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SCOTT MASSIE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RUSSELL MONTGOMERY	LABOR TRUSTEE	2.00	Director	$0	$0	$0
ROBERT MULLETT	LABOR TRUSTEE	2.00	Director	$0	$0	$0
RODD SHIELDS	LABOR TRUSTEE	2.00	Director	$0	$0	$0
JAMES STILES	LABOR TRUSTEE	2.00	Director	$0	$0	$0
CLINTON SUGGS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN R WHITAKER	LABOR TRUSTEE	2.00	Director	$0	$0	$0
BRADLEY WINANS	LABOR TRUSTEE	2.00	Director	$0	$0	$0
ROBERT KARA	LABOR TRUSTEE (CO-CHAIR)	2.00	Officer Director	$0	$0	$0
CRAIG WANNER	EMPLOYER TRUSTEE (CO-CHAIR)	2.00	Officer 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
2025	$78,677,331	$67,917,871	$62,381,418	$10,759,460
2024	$67,128,006	$61,252,538	$54,872,326	$5,875,468
2023	$62,375,910	$60,349,805	$44,546,470	$2,026,105
2022	$56,335,913	$58,193,447	$45,013,970	$-1,857,534
2021	$56,124,044	$53,889,188	$46,414,864	$2,234,856
2020	$60,685,409	$55,243,155	$43,385,135	$5,442,254
2019	$57,231,888	$54,366,278	$37,445,956	$2,865,610

IRONWORKERS DISTRICT COUNCIL OF SOUTHERN OHIO AND VICINITY BENEFIT TRUST