INDIANAKENTUCKYOHIO REGIONAL COUNCIL OF CARPENTERS WELFARE FUND (EIN 356042362) - 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

1960

Legal Domicile

Principal Officer

MATT MCGRIFF

Phone

2488139800

Tax Period

2024-01-01 to 2024-12-31

INDIANAKENTUCKYOHIO REGIONAL COUNCIL OF CARPENTERS WELFARE FUND, founded in 1960, is a major nonprofit that reported $447.2M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $247.8M, a strong 55% operating margin.

Mission

PROVIDING HEALTH AND WELFARE BENEFITS

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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 $223,686,847

Investment Income $9,543,308

Other Revenue $213,973,063

TOTAL REVENUE $447,203,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,974

Fundraising Expenses $0

Other Expenses $11,995,204

TOTAL EXPENSES $199,413,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,203,218	$216,075,259	+1.1%
Expenses	$199,413,598	$214,879,345	-0.1%
Net Income	$247,789,620	$1,195,914	+206.2%

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

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
DERRICK ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
ANDY BINKLEY	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE DUGAN	TRUSTEE	1.00	Director	$0	$0	$0
ADAM FEDAK	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HACKER	TRUSTEE	1.00	Director	$0	$0	$0
BILL HASSE	TRUSTEE	1.00	Director	$0	$0	$0
WAYLON ISAACS	TRUSTEE	1.00	Director	$0	$0	$0
MATT MCGRIFF	CHAIRMAN/TRU	1.00	Director	$0	$0	$0
WILLIAM NIX	CHAIRMAN/TRU	1.00	Director	$0	$0	$0
ANDY TROPP	TRUSTEE	1.00	Director	$0	$0	$0
CAREY WEDDLE	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	$447,203,218	$199,413,598	No data	$247,789,620
2023	$216,075,259	$214,879,345	$345,560,260	$1,195,914
2022	$184,751,581	$184,824,369	$305,189,187	$-72,788
2021	$177,821,427	$165,267,230	$309,000,617	$12,554,197
2020	$169,826,959	$156,477,511	$286,571,845	$13,349,448
2019	$183,289,160	$159,721,237	$271,951,478	$23,567,923
2018	$172,397,177	$157,796,168	$237,550,321	$14,601,009

INDIANAKENTUCKYOHIO REGIONAL COUNCIL OF CARPENTERS WELFARE FUND