CHICAGO AREA IB OF T HEALTH AND WELFARE TRUST FUND (EIN 362187389) - 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

1951

Legal Domicile

Principal Officer

PATRICK BRUNO

Phone

3127381350

Tax Period

2024-02-01 to 2025-01-31

CHICAGO AREA IB OF T HEALTH AND WELFARE TRUST FUND, founded in 1951, is a mid-sized nonprofit that reported $23.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $21.3M left a modest 10% surplus.

Mission

PROVIDE HEALTH 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 $21,044,156

Investment Income $2,633,848

Other Revenue $80,389

TOTAL REVENUE $23,758,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,753

Fundraising Expenses $0

Other Expenses $1,692,766

TOTAL EXPENSES $21,308,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,758,393	$20,787,076	+0.1%
Expenses	$21,308,381	$20,960,142	+0.0%
Net Income	$2,450,012	$-173,066	-15.2%

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

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

$224,259

Total Directors

$175,383

Key Employees

$239,512

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD MURDOCH	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK BRUNO	TRUSTEE	1.00	Director	$0	$51,324	$175,383
RONALD SANDACK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PHILIPP	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH BURKE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS STIEDE	FUND MANAGER	4.00	Officer	$27,859	$67,529	$224,259
LAURA CABALLERO	ASSISTANT FUND MANAGER	40.00	Key Emp	$193,488	$46,024	$239,512
DENISE LUKASZEWSKI	COMPTROLLER	40.00	Highest	$121,889	$46,024	$167,913

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	$23,758,393	$21,308,381	$106,095,971	$2,450,012
2024	$20,787,076	$20,960,142	$96,138,327	$-173,066
2023	$20,930,428	$20,111,470	$92,111,044	$818,958
2022	$39,107,186	$19,222,860	$97,597,594	$19,884,326
2021	$19,833,464	$16,629,719	$93,015,096	$3,203,745
2020	$19,600,525	$17,427,720	$84,854,647	$2,172,805
2019	$8,991,817	$8,731,383	$79,218,258	$260,434

CHICAGO AREA IB OF T HEALTH AND WELFARE TRUST FUND