IRON WORKERS LOCAL 17 INSURANCE BENEFIT FUND (EIN 340759023) - 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

1971

Legal Domicile

Principal Officer

SCOTT MUNNINGS

Phone

2162411086

Tax Period

2024-05-01 to 2025-04-30

IRON WORKERS LOCAL 17 INSURANCE BENEFIT FUND, founded in 1971, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2024. Expenses of $11.7M left a modest 14% surplus.

Mission

TO PROVIDE MEDICAL AND OTHER BENEFITS TO ELIGIBLE MEMBERS OF IRON WORKERS UNION LOCAL 17

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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 $12,670,487

Investment Income $897,964

Other Revenue $0

TOTAL REVENUE $13,568,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $744,345

TOTAL EXPENSES $11,717,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,568,451	$13,565,437	+0.0%
Expenses	$11,717,813	$9,402,263	+0.2%
Net Income	$1,850,638	$4,163,174	-0.6%

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
RICHARD JORDAN	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MUNNINGS	TRUSTEE	1.00	Officer Director	$0	$0	$0
BRIAN MURRAY	TRUSTEE	1.00	Director	$0	$0	$0
BERNIE NOWAK	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT COOPER	TRUSTEE	1.00	Officer Director	$0	$0	$0
FRANK DIENER	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL MUNNINGS	TRUSTEE	1.00	Director	$0	$0	$0
TIM LINVILLE	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
2025	$13,568,451	$11,717,813	$30,856,389	$1,850,638
2024	$13,565,437	$9,402,263	$28,335,810	$4,163,174
2023	$12,645,990	$9,281,161	$23,322,779	$3,364,829
2022	$12,349,616	$9,552,201	$19,500,384	$2,797,415
2021	$10,240,935	$11,186,783	$17,055,521	$-945,848
2020	$11,737,162	$11,642,459	$18,122,111	$94,703
2019	$11,834,478	$11,505,724	$17,863,184	$328,754
2018	$10,227,506	$10,128,886	$16,723,402	$98,620

IRON WORKERS LOCAL 17 INSURANCE BENEFIT FUND