PRODUCTION WORKERS UNION OF CHICAGO AND VICINITY INSURANCE FUND (EIN 366108981) - 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

1955

Legal Domicile

Principal Officer

JAMES MELTREGER

Tax Period

2023-01-01 to 2023-12-31

PRODUCTION WORKERS UNION OF CHICAGO AND VICINITY INSURANCE FUND, founded in 1955, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

PROVIDE MEDICAL, DENTAL, LIFE AND DISABILITY BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.

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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 $2,257,508

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,257,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,612

Fundraising Expenses $0

Other Expenses $145,646

TOTAL EXPENSES $2,294,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,257,508	$1,733,487	+0.3%
Expenses	$2,294,640	$1,592,635	+0.4%
Net Income	$-37,132	$140,852	-1.3%

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

$145,407

Total Directors

$402,044

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH V SENESE	TRUSTEE	0.5	Director	$0	$0	$297,956
Jeffrey Pierucci	Employee	8.0	Highest	$3,600	$0	$227,905
JAMES MELTREGER	FUND DIRECTOR	13.0	Officer	$22,800	$0	$145,407
JOSE L DIAZ	TRUSTEE	0.5	Director	$0	$0	$102,213
VINCENT SENESE	INFORMATION TECHNOLOGY	8.0	Highest	$8,400	$0	$100,172
SCOTT GORE	TRUSTEE	0.5	Director	$1,250	$0	$1,250
SEAN FORD	TRUSTEE	0.5	Director	$625	$0	$625

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	No data	No data	No data	No data
2023	$2,257,508	$2,294,640	$127,694	$-37,132
2022	$1,733,487	$1,592,635	$186,731	$140,852
2021	$713,838	$421,290	$103,297	$292,548
2020	$279,427	$244,213	$103,448	$35,214
2019	$317,075	$223,716	$99,386	$93,359
2018	$469,736	$220,237	$88,005	$249,499
2017	$704,026	$510,539	$40,910	$193,487

PRODUCTION WORKERS UNION OF CHICAGO AND VICINITY INSURANCE FUND