Millwrights Local No 1120 Vacation Fund (EIN 382707168) - 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

1986

Legal Domicile

Principal Officer

SAME AS ABOVE

Phone

5173217502

Tax Period

2024-05-01 to 2025-04-30

Millwrights Local No 1120 Vacation Fund, founded in 1986, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $10.6M left a modest 3% surplus.

Mission

Provide vacation beneftis for eligible 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,847,302

Investment Income $67,947

Other Revenue $49,909

TOTAL REVENUE $10,965,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,556,064

Other Expenses $59,015

TOTAL EXPENSES $10,615,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,965,158	$9,170,500	+0.2%
Expenses	$10,615,079	$9,086,727	+0.2%
Net Income	$350,079	$83,773	+3.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BARNWELL	CHAIRMAN	1.00	Director	$0	$0	$0
THOMAS WOODBECK	SECRETARY	1.00	Director	$0	$0	$0
SCOTT HUFF	TRUSTEE	1.00	Director	$0	$0	$0
TODD BEGEROWSKI	TRUSTEE	1.00	Director	$0	$0	$0
PAUL JEWELL	TRUSTEE	1.00	Director	$0	$0	$0
DAVE HURST	TRUSTEE	1.00	Director	$0	$0	$0
KELLEY RALEIGH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SCHULTZ	TRUSTEE	1.00	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
2025	$10,965,158	$10,615,079	$4,347,658	$350,079
2024	$9,170,500	$9,086,727	$3,712,912	$83,773
2022	$8,140,779	$8,042,300	$3,581,086	$98,479
2021	$8,668,414	$8,581,916	$2,546,365	$86,498
2020	$8,833,253	$8,592,505	$3,235,424	$240,748
2019	$10,349,338	$10,291,078	$2,293,323	$58,260
2018	$11,143,266	$11,125,911	$2,788,154	$17,355

Millwrights Local No 1120 Vacation Fund