ATLANTA IRONWORKERS LOCAL #387 WELFARE c/o SOUTHERN BENEFIT ADMINISTRATORS INC (EIN 472135622) - 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

2014

Legal Domicile

Principal Officer

ROBERT DUFFIELD

Phone

6158590131

Tax Period

2023-10-01 to 2024-09-30

ATLANTA IRONWORKERS LOCAL #387 WELFARE c/o SOUTHERN BENEFIT ADMINISTRATORS INC, founded in 2014, is a small nonprofit in the Mutual Benefit sector that reported $491K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $299K, a strong 61% operating margin.

Mission

To provide benefits to its members.

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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 $393,674

Investment Income $97,163

Other Revenue $0

TOTAL REVENUE $490,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,115

TOTAL EXPENSES $192,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,837	$349,505	+0.4%
Expenses	$192,196	$189,143	+0.0%
Net Income	$298,641	$160,362	+0.9%

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
ROBERT DUFFIELD	CHAIRMAN	5.00	Officer Director	$0	$0	$0
CHRIS TOBIASSON	TRUSTEE	5.00	Director	$0	$0	$0
STEVEN SCHELL	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS ADDINGTON	TRUSTEE, PAST	5.00	Director	$0	$0	$0
SHANE SMITH	TRUSTEE	5.00	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	$490,837	$192,196	$2,286,890	$298,641
2023	$349,505	$189,143	$1,771,506	$160,362
2022	$343,469	$194,661	$1,537,437	$148,808
2021	$346,276	$205,271	$1,748,962	$141,005
2020	$113,712	$113,450	$1,521,937	$262
2019	$101,033	$54,978	$1,440,689	$46,055
2018	$49,620	$53,518	$1,361,042	$-3,898

ATLANTA IRONWORKERS LOCAL #387 WELFARE c/o SOUTHERN BENEFIT ADMINISTRATORS INC