DISTRICT #77 IAMAW WELFARE ASSOCIA… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

JOHN STEIGAUF

Phone

9528540795

Tax Period

2021-01-01 to 2021-12-31

DISTRICT #77 IAMAW WELFARE ASSOCIATION, founded in 1952, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2021. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH BENEFITS

Program Service Accomplishments

Program 1

THE PLAN PROVIDES MEDICAL, DENTAL, VISION, DISABILITY, PRESCRIPTION DRUG, ACCIDENTAL DEATH AND DISMEMBERMENT, AND GROUP LIFE INSURANCE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR...

THE PLAN PROVIDES MEDICAL, DENTAL, VISION, DISABILITY, PRESCRIPTION DRUG, ACCIDENTAL DEATH AND DISMEMBERMENT, AND GROUP LIFE INSURANCE BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS OR BENEFICIARIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,266,561

Investment Income $467,620

Other Revenue $0

TOTAL REVENUE $3,734,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $222,932

TOTAL EXPENSES $3,630,091

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,734,181	$2,991,365	+0.2%
Expenses	$3,630,091	$3,138,078	+0.2%
Net Income	$104,090	$-146,713	-1.7%

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

N/A

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

Total Directors

$134,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN STEIGAUF	TRUSTEE - PAST	1.50	Director	$0	$27,909	$134,398
KARL EGGE	TRUSTEE - PAST	1.50	Director	$0	$0	$0
MEREDITH DIETTE	TRUSTEE - PAST	1.50	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
2021	$3,734,181	$3,630,091	No data	$104,090
2020	$2,991,365	$3,138,078	$10,023,475	$-146,713
2019	$3,633,180	$3,609,837	$9,633,179	$23,343
2018	$3,730,245	$3,043,014	$8,785,736	$687,231

DISTRICT #77 IAMAW WELFARE ASSOCIATION