NATIONAL IAM BENEFIT TRUST FUND (EIN 366562520) - 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

1973

Legal Domicile

Principal Officer

YOLANDA D MONTGOMERY

Phone

2027858148

Tax Period

2024-01-01 to 2024-12-31

NATIONAL IAM BENEFIT TRUST FUND, founded in 1973, is a major nonprofit that reported $131.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH, WELFARE, VISION AND DENTAL BENEFITS TO ELIGIBILE PARTICIPANTS AND THEIR DEPENDENTS ESTABLISHED UNDER A COLLECTIVE BARGAINING AGREEMENT BETWEEN VARIOUS EMPLOYERS AND THE INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS, AFL-CIO AND AFFILIATED IAM LOCAL AND IAM DISTRICT LODGES.

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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 $129,333,326

Investment Income $2,038,932

Other Revenue $9,612

TOTAL REVENUE $131,381,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,521,357

Fundraising Expenses $0

Other Expenses $9,276,426

TOTAL EXPENSES $142,099,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,381,870	$125,418,328	+0.0%
Expenses	$142,099,395	$136,216,516	+0.0%
Net Income	$-10,717,525	$-10,798,188	0.0%

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

$438,997

Total Directors

$1,241,122

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DORA H CERANTES	CO-CHAIRMAN	1.00	Director	$0	$113,538	$425,986
SAM CICINELLI	TRUSTEE	1.00	Director	$0	$123,464	$413,534
AMY KEHOE	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JONATHAN JONES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS C MARTIN	TRUSTEE	1.00	Director	$0	$114,962	$401,602
YOLANDA D MONTGOMERY	EXECUTIVE DIRECTOR	10.00	Officer	$0	$40,081	$438,997
EMILY C NOVAK	DIRECTOR	40.00	Highest	$130,330	$21,770	$152,100
TANIA PETERSON	ELIGIBILITY MANAGER	40.00	Highest	$115,312	$28,172	$143,484
MONICA FAUNTLEROY	MANAGER OPERATIONS	40.00	Highest	$117,455	$29,418	$146,873

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	$131,381,870	$142,099,395	$91,300,744	$-10,717,525
2023	$125,418,328	$136,216,516	$95,251,772	$-10,798,188
2022	$114,488,739	$112,190,646	$101,616,678	$2,298,093
2021	$109,808,800	$114,391,463	$108,324,998	$-4,582,663
2020	$105,163,582	$105,452,034	$105,862,477	$-288,452
2019	$109,829,523	$106,526,910	$105,439,184	$3,302,613
2018	$94,306,463	$88,883,649	$96,163,634	$5,422,814

NATIONAL IAM BENEFIT TRUST FUND