HEALTH AND WELFARE TRUST FUND FOR IUOE LOCAL 99 & 99A (EIN 526072849) - 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

1966

Legal Domicile

Principal Officer

DONALD P HAVARD

Phone

4102549595

Tax Period

2023-01-01 to 2023-12-31

HEALTH AND WELFARE TRUST FUND FOR IUOE LOCAL 99 & 99A, founded in 1966, is a mid-sized nonprofit that reported $58.1M in total revenue in fiscal year 2023. Expenses of $50.9M left a modest 12% surplus.

Mission

THE PLAN ADMINISTERS HEALTH, ACCIDENT, DISABILITY AND DEATH BENEFITS PAID TO OR FOR PARTICIPANTS AND THEIR DEPENDENTS, WHICH IS THE EXEMPT PURPOSE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $56,548,025

Investment Income $1,553,103

Other Revenue $0

TOTAL REVENUE $58,101,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,761,732

TOTAL EXPENSES $50,862,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,101,128	$53,924,565	+0.1%
Expenses	$50,862,868	$42,702,535	+0.2%
Net Income	$7,238,260	$11,222,030	-0.4%

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

$761,671

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD P HAVARD	TRUSTEE-CHAIRMAN	1.00	Director	$0	$84,085	$322,267
FRANK BARILE	TRUSTEE	1.00	Director	$0	$69,202	$227,676
STEVE RUPPERT	TRUSTEE	1.00	Director	$0	$56,230	$211,728
SCOTT BARLOW	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD ELLIS	TRUSTEE	1.00	Director	$0	$0	$0
MANJALA MASTER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL RODGERS RESIGNED	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
2024	No data	No data	No data	No data
2023	$58,101,128	$50,862,868	$70,305,276	$7,238,260
2022	$53,924,565	$42,702,535	$60,317,882	$11,222,030
2021	$48,391,564	$43,402,722	$52,248,767	$4,988,842
2020	$47,290,923	$36,387,227	$46,120,918	$10,903,696
2019	$45,552,213	$36,960,500	$34,222,555	$8,591,713
2018	$43,498,392	$38,488,334	$24,796,748	$5,010,058

HEALTH AND WELFARE TRUST FUND FOR IUOE LOCAL 99 & 99A