GAS TECHNOLOGY INSTITUTE WELFARE PLAN TRUST 22-79864

EIN: 367045717

Des Plaines, IL

Total Revenue
$359,844
Total Expenses
$731,756
Total Assets
$17,058,983
Net Assets
$17,058,983
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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
1994
Legal Domicile
IL
Principal Officer
LISA FOSTER
Phone
8477680856
Tax Period
2023-01-01 to 2023-12-31

GAS TECHNOLOGY INSTITUTE WELFARE PLAN TRUST 22-79864, founded in 1994, is a small nonprofit that reported $360K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $732K exceeded revenue, resulting in a 103% operating deficit.

Mission

TO FUND WELFARE BENEFITS WITHIN THE MEANING OF CODE SECTION 501C9.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,842
Investment Income $311,002
Other Revenue $0
TOTAL REVENUE $359,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,408
Fundraising Expenses $0
Other Expenses $656,348
TOTAL EXPENSES $731,756

Year-over-Year Comparison

2023 2022 Change
Revenue $359,844 $1,511,815 -0.8%
Expenses $731,756 $561,132 +0.3%
Net Income $-371,912 $950,683 -1.4%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE N/A
$75,408 $0 $75,408
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 $359,844 $731,756 $17,058,983 $-371,912
2022 $1,511,815 $561,132 $15,334,680 $950,683
2021 $2,127,517 $558,956 $18,287,043 $1,568,561
2020 $1,082,599 $596,130 $16,835,681 $486,469
2018 $909,480 $417,040 $13,862,637 $492,440
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