ITPEU HEALTH & WELFARE FUND (EIN 581236802) - 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

1971

Legal Domicile

Principal Officer

KATHY HEERY

Phone

9123527169

Tax Period

2024-07-01 to 2025-06-30

ITPEU HEALTH & WELFARE FUND, founded in 1971, is a mid-sized nonprofit that reported $71.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $61.4M left a modest 14% surplus.

Mission

MULTI-EMPLOYER EMPLOYEE BENEFITS

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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 $68,364,297

Investment Income $2,847,733

Other Revenue $18,186

TOTAL REVENUE $71,230,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $904,958

Fundraising Expenses $0

Program Expenses $61,408,370

Other Expenses $4,865,126

TOTAL EXPENSES $61,408,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,230,216	$65,025,966	+0.1%
Expenses	$61,408,370	$61,273,850	+0.0%
Net Income	$9,821,846	$3,752,116	+1.6%

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

346

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

$436,107

Total Directors

$866,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS ARRINGTON	CO-CHAIR	0.50		$0	$37,045	$246,819
JOHN BRENTON IV	CO-CHAIR	0.50	Officer Director	$0	$35,799	$219,663
LENA BAILEY	V CO-CHAIR	0.50	Director	$0	$38,112	$199,885
TRINA WILLIAMS	TRUSTEE	0.50	Director	$0	$31,251	$133,191
KATHY HEERY	ADMINISTRATO	40.00	Officer	$120,838	$5,233	$126,071
WILMA ZIMMERMAN	TRUSTEE	0.50	Director	$0	$30,331	$108,151
DENISE MOORE	TRUSTEE	0.50	Director	$0	$28,803	$105,811
PATTY FOLEY	TRUSTEE	0.50	Director	$0	$29,862	$99,895
JANICE AMBROSE	CONTROLLER	40.00	Officer	$85,140	$5,233	$90,373
JERRY M BOWDEN	TRUSTEE	0.50	Director	$0	$0	$0
LEONARD CABRERA	V. CO-CHAIR	0.50	Officer Director	$0	$0	$0
HAROLD E GELBER	CO-CHAIR	0.50	Officer Director	$0	$0	$0
DON JAMES	TRUSTEE	0.50	Director	$0	$0	$0
JOHN XIMENES	TRUSTEE	0.50	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
2025	$71,230,216	$61,408,370	$100,411,001	$9,821,846
2024	$65,025,966	$61,273,850	$86,492,331	$3,752,116
2023	$60,175,216	$59,967,763	$77,877,849	$207,453
2022	$58,416,177	$55,572,830	$74,956,033	$2,843,347
2021	$63,191,898	$53,118,913	$79,390,827	$10,072,985
2020	$62,415,178	$62,120,588	$68,193,959	$294,590
2019	$64,629,323	$59,263,550	$65,193,764	$5,365,773
2018	$65,420,087	$58,601,453	$58,473,122	$6,818,634

ITPEU HEALTH & WELFARE FUND