Construction Industry Welfare Fund of Rockford Illinois (EIN 362265130) - 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

1954

Legal Domicile

Principal Officer

ART STURMS

Phone

8153974267

Tax Period

2023-11-01 to 2024-10-31

Construction Industry Welfare Fund of Rockford Illinois, founded in 1954, is a mid-sized nonprofit that reported $23.0M in total revenue in fiscal year 2023. The organization ran a surplus of $4.6M, a strong 20% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO 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 $22,064,926

Investment Income $815,989

Other Revenue $157,562

TOTAL REVENUE $23,038,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,004

Fundraising Expenses $0

Other Expenses $868,096

TOTAL EXPENSES $18,450,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,038,477	$21,887,638	+0.1%
Expenses	$18,450,857	$19,241,392	0.0%
Net Income	$4,587,620	$2,646,246	+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

Governance

Voting Members

Independent Members

N/A

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

$867,309

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Art Sturms	Co-Chair	3.00	Officer	$0	$114,758	$268,738
Dan O'Connell	trustee	3.00	Officer	$0	$112,945	$287,533
Charles Barrett	trustee	3.00	Officer	$0	$54,204	$142,549
David Anspaugh	Co-Chair	3.00	Officer	$0	$20,673	$168,489
Jeff Bockhop	trustee	3.00	Officer	$0	$0	$0
Glen Turpoff	trustee	3.00	Officer	$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	$23,038,477	$18,450,857	$29,179,868	$4,587,620
2023	$21,887,638	$19,241,392	$22,850,717	$2,646,246
2022	$19,275,616	$18,720,599	$20,751,099	$555,017
2021	$18,311,506	$19,814,669	$21,251,972	$-1,503,163
2020	$19,177,532	$18,479,499	$22,317,846	$698,033
2019	$20,624,344	$18,360,120	$21,527,724	$2,264,224
2018	$20,449,726	$17,186,464	$19,453,446	$3,263,262

Construction Industry Welfare Fund of Rockford Illinois