STA OF BALTIMORE-ILA BENEFITS FUND (EIN 520575721) - 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

1949

Legal Domicile

Principal Officer

RICHARD P KRUEGER JR

Phone

4106339311

Tax Period

2023-10-01 to 2024-09-30

STA OF BALTIMORE-ILA BENEFITS FUND, founded in 1949, is a community nonprofit in the Mutual Benefit sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE EMPLOYEE WELFARE BENEFITS TO ITS ELIGIBLE COLLECTIVELY BARGAINED MEMBERSHIP.

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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 $2,618,535

Investment Income $228,553

Other Revenue $702

TOTAL REVENUE $2,847,790

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $664,258

Fundraising Expenses $0

Other Expenses $299,747

TOTAL EXPENSES $3,585,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,847,790	$3,184,797	-0.1%
Expenses	$3,585,189	$3,206,592	+0.1%
Net Income	$-737,399	$-21,795	+32.8%

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

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
JOHN LEICHLING	PROPERTY MANAGER	0.0	Highest	$168,485	$39,526	$208,011
RICHARD WOHLFORT JR	CO-ADMININSTRATOR	10.0	Highest	$163,373	$39,526	$202,899
RICHARD KRUEGER III	CO-ADMINISTRATOR	10.0	Highest	$163,213	$39,526	$202,739
LAWRENCE JOHNSON	SUBSTANCE ABUSE ADMINISTRATOR	40.0	Highest	$152,356	$39,526	$191,882
EARLE MCKNIGHT	FIELD REP	3.0	Highest	$152,340	$39,526	$191,866
DAVID KONIG	TRUSTEE	1.0	Director	$0	$0	$0
MARK SCHMIDT	TRUSTEE	1.0	Director	$0	$0	$0
JOHN D SHADE	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL COE	TRUSTEE	1.0	Director	$0	$0	$0
TROY NILSEN	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT COWAN	TRUSTEE	1.0	Director	$0	$0	$0
TIMOTHY KRAJEWSKI	TRUSTEE	1.0	Director	$0	$0	$0
MORGAN BAILEY	TRUSTEE	1.0	Director	$0	$0	$0
BILL WADE	TRUSTEE	1.0	Director	$0	$0	$0
DOUGLAS WOLFE	TRUSTEE	1.0	Director	$0	$0	$0
MAURO DAL BO	TRUSTEE	1.0	Director	$0	$0	$0
DAVID HARTMAN	TRUSTEE (THRU 08/25/2024)	1.0	Director	$0	$0	$0
GREGORY WAIDLICH	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD KRUEGER JR	TRUSTEE	1.0	Director	$0	$0	$0
JASON YOUNG	TRUSTEE	1.0	Director	$0	$0	$0
NORMAN MCCORD	TRUSTEE	1.0	Director	$0	$0	$0
TIMOTHY BEALL	TRUSTEE	1.0	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	$2,847,790	$3,585,189	$9,586,858	$-737,399
2023	$3,184,797	$3,206,592	$9,824,247	$-21,795
2022	$3,127,853	$3,318,902	$9,184,825	$-191,049
2021	$3,373,138	$3,674,753	$10,129,223	$-301,615
2020	$3,360,683	$3,261,685	$10,379,206	$98,998
2019	$3,560,975	$3,464,957	$10,243,632	$96,018
2018	$4,120,257	$3,554,423	$9,578,575	$565,834

STA OF BALTIMORE-ILA BENEFITS FUND