IRONWORKERS AND EMPLOYERS COOPERATIVE TRUST FUND (EIN 467424521) - 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

2013

Principal Officer

JAMES WILLIS III

Phone

7168281200

Tax Period

2024-06-01 to 2025-05-31

IRONWORKERS AND EMPLOYERS COOPERATIVE TRUST FUND, founded in 2013, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 93% operating margin.

Mission

TO ADVANCE THE COLLECTIVE INTEREST OF WORKERS WHO ARE MEMBERS OF THE IRON WORKERS LOCAL 6 AND ITS EMPLOYERS.

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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 $1,188,432

Investment Income $13,770

Other Revenue $0

TOTAL REVENUE $1,202,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $89,709

TOTAL EXPENSES $89,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,202,202	$736,874	+0.6%
Expenses	$89,709	$345,001	-0.7%
Net Income	$1,112,493	$391,873	+1.8%

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
BRIAN HART	UNION TRUSTE	1.00	Director	$0	$0	$0
JAMES WILLIS III	UNION TRUSTE	1.00	Director	$0	$0	$0
JAMES LOGAN	EMPLOYER TRU	1.00	Director	$0	$0	$0
THOMAS SAIA	EMPLOYER TRU	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
2025	$1,202,202	$89,709	$2,385,919	$1,112,493
2024	$736,874	$345,001	$1,267,922	$391,873
2023	$697,298	$639,181	$949,583	$58,117
2022	$300,339	$166,705	$846,535	$133,634
2021	$210,557	$280,401	$685,391	$-69,844
2020	$146,222	$55,998	$758,092	$90,224
2019	$242,901	$156,233	$775,452	$86,668
2018	$298,000	$262,050	$667,812	$35,950

IRONWORKERS AND EMPLOYERS COOPERATIVE TRUST FUND