IRON WORKERS LOCAL 17 FRINGE BENEFIT FUND INC

EIN: 341472960

TROY, MI

Total Revenue
$177,738
Total Expenses
$100,971
Total Assets
$4,442,514
Net Assets
$4,225
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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
1985
Legal Domicile
OH
Principal Officer
SCOTT MUNNINGS
Phone
2162411086
Tax Period
2024-05-01 to 2025-04-30

IRON WORKERS LOCAL 17 FRINGE BENEFIT FUND INC, founded in 1985, is a small nonprofit that reported $178K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 43% operating margin.

Mission

TO PROVIDE ADMINISTRATIVE SUPPORT FOR IRON WORKERS LOCAL 17 FRINGE BENEFIT FUNDS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $149,221
Investment Income $28,517
Other Revenue $0
TOTAL REVENUE $177,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $100,971
TOTAL EXPENSES $100,971

Year-over-Year Comparison

2024 2023 Change
Revenue $177,738 $139,269 +0.3%
Expenses $100,971 $93,769 +0.1%
Net Income $76,767 $45,500 +0.7%
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

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Governance

Voting Members
6
Independent Members
6
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD JORDAN TRUSTEE 2.00
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 2.00
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 $177,738 $100,971 $4,442,514 $76,767
2024 $139,269 $85,287 $4,763,823 $53,982
2024 $139,269 $93,769 $4,682,823 $45,500
2023 $250,425 $250,425 $4,282,227 No data
2023 $250,425 $250,425 $4,492,628 No data
2022 $320,625 $320,625 $2,901,039 No data
2021 $308,183 $308,183 $2,096,520 No data
2020 $309,979 $309,979 $1,829,241 No data
2019 $294,232 $294,232 $1,528,716 No data
2018 $268,146 $268,146 $2,065,957 No data
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