TWIN CITY IRONWORKERS HEALTH AND WELFARE FUND (EIN 416023463) - 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

1960

Legal Domicile

Principal Officer

BARRY DAVIES

Phone

9528540795

Tax Period

2024-01-01 to 2024-12-31

TWIN CITY IRONWORKERS HEALTH AND WELFARE FUND, founded in 1960, is a mid-sized nonprofit that reported $29.8M in total revenue in fiscal year 2024. Expenses of $27.8M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.

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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 $28,311,755

Investment Income $1,537,751

Other Revenue $0

TOTAL REVENUE $29,849,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $914,997

TOTAL EXPENSES $27,807,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,849,506	$28,555,151	+0.0%
Expenses	$27,807,547	$26,529,094	+0.0%
Net Income	$2,041,959	$2,026,057	+0.0%

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

N/A

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

$221,506

Total Directors

$1,018,796

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY DAVIES	LABOR TRUSTEE, CHAIR	1.00	Officer Director	$0	$80,151	$221,506
KEITH MUSOLF	LABOR TRUSTEE	1.00	Director	$0	$76,931	$198,585
STURE BERG	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
HEIDI GUNDERSON	MANAGEMENT TRUSTEE, SECRETARY	1.00	Officer Director	$0	$0	$0
TODD ROTHE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BUTCH PERRIN	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JOHN DAHL	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
FALLON RATZLOW	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MIKE MAHOWALD	LABOR TRUSTEE	1.00	Director	$0	$76,931	$199,907
COBEY KLEIN	LABOR TRUSTEE	1.00	Director	$0	$79,193	$199,221
JOSH KALINA	LABOR TRUSTEE	1.00	Director	$0	$76,931	$199,577
LEVI SCHNEIDER	MANAGEMENT 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
2024	$29,849,506	$27,807,547	$39,514,552	$2,041,959
2023	$28,555,151	$26,529,094	$37,336,182	$2,026,057
2022	$27,926,160	$29,518,814	$31,876,855	$-1,592,654
2021	$27,647,843	$26,578,655	$37,714,994	$1,069,188
2020	$24,949,853	$26,400,952	$37,578,001	$-1,451,099
2019	$27,450,124	$27,506,309	$36,704,719	$-56,185
2018	$25,921,379	$24,326,601	$34,506,033	$1,594,778

TWIN CITY IRONWORKERS HEALTH AND WELFARE FUND