IOWA LABORERS HEALTH & WELFARE FUND

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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

1969

Legal Domicile

Principal Officer

BILL GERHARD

Phone

5152432080

Tax Period

2023-11-01 to 2024-10-31

IOWA LABORERS HEALTH & WELFARE FUND, founded in 1969, is a mid-sized nonprofit that reported $30.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $29.1M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH CARE AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH CARE AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS. APPROXIMATELY 2,600 PARTICIPANTS COVERED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,416,439

Investment Income $1,008,828

Other Revenue $0

TOTAL REVENUE $30,425,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,901,461

TOTAL EXPENSES $29,062,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,425,267	$27,694,043	+0.1%
Expenses	$29,062,421	$28,912,908	+0.0%
Net Income	$1,362,846	$-1,218,865	-2.1%

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
BILL GERHARD	CHAIRMAN	1.00	Director	$0	$0	$0
BRETT NUCKOLLS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES PIAZZA JR	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TONY PENN	TRUSTEE	1.00	Director	$0	$0	$0
TOM HAYES	TRUSTEE	1.00	Director	$0	$0	$0
MIKE WECKMAN	TRUSTEE	1.00	Director	$0	$0	$0
DAIN BRUNSHEEN	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG PLUMMER	TRUSTEE	1.00	Director	$0	$0	$0
ERIC PETERS	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	$30,425,267	$29,062,421	$22,147,145	$1,362,846
2023	$27,694,043	$28,912,908	$19,762,940	$-1,218,865
2022	$27,250,313	$30,796,562	$20,965,067	$-3,546,249
2021	$26,056,483	$29,613,321	$27,553,164	$-3,556,838
2020	$26,377,792	$30,568,384	$29,036,519	$-4,190,592
2019	$28,408,290	$29,160,636	$32,035,564	$-752,346
2018	$28,553,558	$27,523,523	$30,362,161	$1,030,035