IRON WORKERS LOCAL 58 VACATION FUND

EIN: 463607743

BATON ROUGE, LA

Total Revenue
$10,000
Total Expenses
$7,557
Total Assets
N/A
Net Assets
N/A
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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
2013
Legal Domicile
LA
Principal Officer
MARVIN RAGSDALE
Phone
5049436663
Tax Period
2019-09-01 to 2020-01-23

IRON WORKERS LOCAL 58 VACATION FUND, founded in 2013, is a micro nonprofit that reported $10K in total revenue in fiscal year 2019. Revenue surged 333233% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2K, a strong 24% operating margin.

Mission

THE OBJECTIVE OF THE FUND IS TO PROVIDE VACATION BENEFITS FOR ELIGIBLE EMPLOYEES AND BENEFICIARIES TO THE EXTENT THE FUNDS ARE AVAILABLE FOR SUCH PURPOSES UNDER THE TERM OF THE COLLECTIVE BARGAINING AGREEMENT.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $7,557
TOTAL EXPENSES $7,557

Year-over-Year Comparison

2019 2018 Change
Revenue $10,000 $3 +3332.3%
Expenses $7,557 $25,607 -0.7%
Net Income $2,443 $-25,604 -1.1%
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

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Governance

Voting Members
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERMAN ADAMS TRUSTEE 1.00
Director
$0 $0 $0
MARVIN RAGSDALE 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
2020 $10,000 $7,557 No data $2,443
2019 $3 $25,607 $924 $-25,604
2018 $126,971 $313,956 $23,161 $-186,985
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