IRON WORKERS LOCAL NO 568 HEALTH AND WELFARE PLAN (EIN 526112461) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

MR DANIEL W CESSNA

Phone

3017777770

Tax Period

2023-09-01 to 2024-08-31

IRON WORKERS LOCAL NO 568 HEALTH AND WELFARE PLAN, founded in 1972, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,121,663

Investment Income $62,342

Other Revenue $0

TOTAL REVENUE $1,184,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,877

Fundraising Expenses $0

Other Expenses $273,375

TOTAL EXPENSES $1,188,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,184,005	$936,280	+0.3%
Expenses	$1,188,748	$880,732	+0.3%
Net Income	$-4,743	$55,548	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$199,895

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DANIEL W CESSNA	TRUSTEE	N/A	Director	$0	$68,391	$148,582
MR ERIC HUGHES	TRUSTEE	N/A	Director	$0	$15,675	$51,313
MR STEVE DIEHL	TRUSTEE	N/A	Director	$0	$0	$0
MR CARL BELT JR	TRUSTEE	N/A	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	$1,184,005	$1,188,748	$1,332,857	$-4,743
2023	$936,280	$880,732	$1,277,364	$55,548
2022	$921,456	$714,260	$1,252,743	$207,196
2021	$914,478	$1,015,996	$1,134,217	$-101,518
2020	$845,757	$1,083,376	$1,320,429	$-237,619
2019	$925,024	$1,089,883	$1,518,532	$-164,859
2018	$1,008,935	$1,122,775	$1,652,845	$-113,840

IRON WORKERS LOCAL NO 568 HEALTH AND WELFARE PLAN