IRON WORKERS LOCAL 25 VACATION PAY TRUST (EIN 386074498) - 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

1962

Legal Domicile

Principal Officer

RICHARD SAWHILL

Phone

2488139800

Tax Period

2024-05-01 to 2025-04-30

IRON WORKERS LOCAL 25 VACATION PAY TRUST, founded in 1962, is a mid-sized nonprofit that reported $18.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $17.5M left a modest 4% surplus.

Mission

TO PROVIDE VACATION BENEFITS TO ELIGIBLE EMPLOYEES.

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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 $17,523,174

Investment Income $233,054

Other Revenue $359,807

TOTAL REVENUE $18,116,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $396,518

TOTAL EXPENSES $17,458,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,116,035	$16,533,824	+0.1%
Expenses	$17,458,977	$15,464,485	+0.1%
Net Income	$657,058	$1,069,339	-0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SAWHILL	MANAGEMENT TRUSTEE, CHAIRMAN	0.50	Officer Director	$0	$0	$0
MICHAEL RANDICK	UNION TRUSTEE, SECRETARY	0.50	Officer Director	$0	$0	$0
CHRIS VLK	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
MARK KERNEY	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
WAYNE COFFELL	UNION TRUSTEE	0.50	Director	$0	$0	$0
DENNIS AGUIRRE II	UNION TRUSTEE	0.50	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	$18,116,035	$17,458,977	$8,506,922	$657,058
2024	$16,533,824	$15,464,485	$7,682,765	$1,069,339
2023	$17,386,074	$16,999,267	$6,660,366	$386,807
2022	$18,232,090	$17,579,456	$6,844,751	$652,634
2021	$19,176,387	$17,797,340	$6,667,344	$1,379,047
2020	$14,576,772	$14,517,467	$4,791,799	$59,305
2019	$14,491,024	$15,406,058	$4,530,824	$-915,034
2018	$15,699,800	$15,142,306	$5,325,233	$557,494

IRON WORKERS LOCAL 25 VACATION PAY TRUST