1978 RETIRED CONSTRUCTION WORKERS BENEFIT TRUST (EIN 550583589) - 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

1978

Legal Domicile

Principal Officer

FREDRICK MARX

Phone

8006246961

Tax Period

2024-04-01 to 2025-03-31

1978 RETIRED CONSTRUCTION WORKERS BENEFIT TRUST, founded in 1978, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. The organization ran a surplus of $2.7M, a strong 42% operating margin.

Mission

HEALTH & WELFARE PLAN EXEMPT UNDER I.R.C. SECTION 501(C)(9).

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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 $5,490,815

Investment Income $865,130

Other Revenue $59,802

TOTAL REVENUE $6,415,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,000

Fundraising Expenses $0

Other Expenses $260,410

TOTAL EXPENSES $3,725,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,415,747	$6,592,316	0.0%
Expenses	$3,725,425	$4,678,761	-0.2%
Net Income	$2,690,322	$1,913,555	+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

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

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM H HOWE	TRUSTEE	1.00	Director	$15,000	$0	$50,000
DONALD T BARNETT	TRUSTEE	1.00	Director	$15,000	$0	$50,000
FRED MARX	CHAIRMAN	1.00	Director	$15,000	$0	$50,000

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	$6,415,747	$3,725,425	$21,525,081	$2,690,322
2024	$6,592,316	$4,678,761	$18,689,488	$1,913,555
2023	$6,681,839	$5,108,441	$16,932,838	$1,573,398
2022	$6,957,177	$5,597,577	$16,155,706	$1,359,600
2021	$7,229,550	$4,749,186	$15,580,204	$2,480,364
2020	$7,758,232	$5,681,205	$13,042,247	$2,077,027
2019	$7,646,760	$6,138,143	$10,792,611	$1,508,617
2018	$7,972,379	$6,607,609	$9,340,908	$1,364,770

1978 RETIRED CONSTRUCTION WORKERS BENEFIT TRUST