ROOFERS UNION LOCAL NO 70 INSURANCE TRUST FUND (EIN 382818643) - 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

1988

Legal Domicile

Principal Officer

MARK WOODWARD

Phone

5175486554

Tax Period

2024-01-01 to 2024-12-31

ROOFERS UNION LOCAL NO 70 INSURANCE TRUST FUND, founded in 1988, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024.

Mission

THE ROOFERS UNION LOCAL NO. 70 INSURANCE TRUST FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HEALTH INSURANCE BENEFITS AND LIFE INSURANCE THROUGH GROUP INSURANCE PREMIUMS AND SHORT-TERM DISABILITY BENEFITS ON A SELF- FUNDED BASIS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE ROOFERS UNION LOCAL NO. 70, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $5,261,333

Investment Income $215,293

Other Revenue $10,784

TOTAL REVENUE $5,487,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,657

Fundraising Expenses $0

Program Expenses $5,453,179

Other Expenses $171,137

TOTAL EXPENSES $5,690,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,487,410	$5,731,405	0.0%
Expenses	$5,690,973	$4,974,562	+0.1%
Net Income	$-203,563	$756,843	-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

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

$29,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES RUMSEY	TRUSTEE	20.00	Director	$29,583	$0	$29,583
TOM BLOOM	TRUSTEE	1.00	Director	$0	$0	$0
NICK BOSWORTH	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY GAY	SECRETARY	1.00	Director	$0	$0	$0
KRISTINE COOK LINDSEY	TRUSTEE	1.00	Director	$0	$0	$0
MARK WOODWARD	CHAIRMAN	1.00	Officer 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	$5,487,410	$5,690,973	$8,900,820	$-203,563
2023	$5,731,405	$4,974,562	$8,865,922	$756,843
2022	$5,409,425	$4,336,555	$7,847,250	$1,072,870
2021	$5,313,300	$4,705,756	$7,053,846	$607,544
2020	$4,874,225	$4,918,294	$6,537,927	$-44,069
2019	$5,104,562	$4,687,604	$6,547,072	$416,958
2018	$4,684,344	$4,866,832	$6,114,705	$-182,488

ROOFERS UNION LOCAL NO 70 INSURANCE TRUST FUND