IRONWORKERS TRI-STATE WELFARE PLAN (EIN 366599036) - 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

1957

Legal Domicile

Principal Officer

KEVIN HRAY

Phone

8473954467

Tax Period

2024-01-01 to 2024-12-31

IRONWORKERS TRI-STATE WELFARE PLAN, founded in 1957, is a mid-sized nonprofit that reported $31.6M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $65.9M represent 25 months of operating reserves.

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 $29,234,043

Investment Income $2,395,975

Other Revenue $0

TOTAL REVENUE $31,630,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,423,345

TOTAL EXPENSES $33,024,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,630,018	$27,766,746	+0.1%
Expenses	$33,024,449	$28,451,884	+0.2%
Net Income	$-1,394,431	$-685,138	+1.0%

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

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

Total Directors

$1,376,185

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON EMERICK	TRUSTEE	2.00	Director	$0	$93,558	$206,368
CHUCK BLACK	TRUSTEE	2.00	Director	$0	$77,237	$162,859
PAUL ARAMBASICH	TRUSTEE	2.00	Director	$0	$112,029	$233,625
KEVIN HRAY	TRUSTEE	2.00	Director	$0	$139,629	$309,604
MARK RICHESON	TRUSTEE	2.00	Director	$0	$133,290	$266,132
DANIEL AUSSEM	TRUSTEE	2.00	Director	$0	$0	$0
CARLA JOCKSICH	TRUSTEE	2.00	Director	$0	$0	$0
CODY GERDES - PAST	TRUSTEE	2.00	Director	$0	$0	$0
PJ FOLEY - PAST	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL TESTA	TRUSTEE	2.00	Director	$0	$0	$0
DAVID ANSPAUGH	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL OLVERA	TRUSTEE	2.00	Director	$0	$89,337	$197,597
MICHAEL SLAGEL - NEW	TRUSTEE	2.00	Director	$0	$0	$0
MITCH HARVEY - NEW	TRUSTEE	2.00	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	$31,630,018	$33,024,449	$66,518,329	$-1,394,431
2023	$27,766,746	$28,451,884	$66,195,723	$-685,138
2022	$27,715,920	$29,547,063	$64,508,681	$-1,831,143
2021	$30,413,743	$30,088,675	$73,165,377	$325,068
2020	$28,239,583	$23,945,470	$68,112,789	$4,294,113
2019	$28,598,178	$27,315,928	$60,098,687	$1,282,250
2018	$26,757,235	$23,580,977	$55,765,701	$3,176,258

IRONWORKERS TRI-STATE WELFARE PLAN