NORTHWESTERN IA BUILDING & CONSTRUCTION TRADES HEALTH & WELFARE FUND (EIN 426121071) - 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

1967

Legal Domicile

Principal Officer

REGGIE TORNO

Phone

8772833394

Tax Period

2018-07-01 to 2019-06-30

NORTHWESTERN IA BUILDING & CONSTRUCTION TRADES HEALTH & WELFARE FUND, founded in 1967, is a small nonprofit that reported $602K in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $812K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS TO PARTICIPANTS OF THE PLAN.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $569,021

Investment Income $32,905

Other Revenue $0

TOTAL REVENUE $601,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $176,831

TOTAL EXPENSES $812,029

Year-over-Year Comparison

	2018	2017	Change
Revenue	$601,926	$800,966	-0.2%
Expenses	$812,029	$1,032,221	-0.2%
Net Income	$-210,103	$-231,255	-0.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON KIRCHEVEL	LABOR TRUSTEE	1.00	Director	$0	$0	$0
REGGIE TORNO	LABOR TRUSTEE - CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN STEVENS	MGMT TRUSTEE - SECRETARY	1.00	Officer Director	$0	$0	$0
KIM BEST	MGMT TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HILTON	LABOR TRUSTEE	1.00	Director	$0	$0	$0
CHRIS AAKHUS	MGMT 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
2019	$601,926	$812,029	No data	$-210,103
2018	$800,966	$1,032,221	$1,415,674	$-231,255

NORTHWESTERN IA BUILDING & CONSTRUCTION TRADES HEALTH & WELFARE FUND