INDIANA PLASTERERS & CEMENT MASONS HEALTH & WEL FUND (EIN 356073275) - 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

1956

Legal Domicile

Principal Officer

DEWEY PEARMAN

Phone

2192559692

Tax Period

2023-11-01 to 2024-10-31

INDIANA PLASTERERS & CEMENT MASONS HEALTH & WEL FUND, founded in 1956, is a mid-sized nonprofit that reported $19.5M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH, LIFE, AND DISABLITY BENEFITS TO PLAN PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,294,124

Investment Income $-405,665

Other Revenue $613,089

TOTAL REVENUE $19,501,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,746

Fundraising Expenses $0

Other Expenses $1,471,106

TOTAL EXPENSES $19,660,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,501,548	$18,293,080	+0.1%
Expenses	$19,660,046	$17,143,374	+0.1%
Net Income	$-158,498	$1,149,706	-1.1%

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

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
MARK MCCLESKEY	FUND ADMINIS	30.00	Highest	$130,000	$0	$130,000
JEREMY BOCK	TRUSTEE	1.00	Director	$0	$0	$0
STEVE BOWSER	ASSISTANT SE	1.00	Director	$0	$0	$0
BUTCH BUESING	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN COMERFORD	TRUSTEE	1.00	Director	$0	$0	$0
TIM HUDSON	TRUSTEE	1.00	Director	$0	$0	$0
JEFF MOZINGO	TRUSTEE	1.00	Director	$0	$0	$0
DEWEY PEARMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RUSSELL REDMON	VICE CHAIRMA	1.00	Director	$0	$0	$0
MATT RHOADES	SECRETARY	1.00	Director	$0	$0	$0
CHIP SPICER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN WILDES	TRUSTEE	1.00	Director	$0	$0	$0
MARK WINKLER	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	$19,501,548	$19,660,046	$32,536,179	$-158,498
2023	$18,293,080	$17,143,374	$26,767,468	$1,149,706
2022	$16,940,061	$18,381,299	$27,368,086	$-1,441,238
2021	$11,413,182	$10,059,807	$29,528,756	$1,353,375
2020	$11,556,495	$7,870,499	$23,335,341	$3,685,996
2019	$11,829,882	$10,232,714	$21,120,103	$1,597,168
2018	$10,498,525	$9,943,732	$17,848,638	$554,793

INDIANA PLASTERERS & CEMENT MASONS HEALTH & WEL FUND