IRONWORKERS LOCAL 451 VACATION FUND (EIN 611597033) - 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

2009

Legal Domicile

Principal Officer

Richard Jordan

Phone

3029940946

Tax Period

2024-07-01 to 2024-11-13

IRONWORKERS LOCAL 451 VACATION FUND, founded in 2009, is a micro nonprofit that reported $14K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $19K exceeded revenue, resulting in a 38% operating deficit.

Mission

Provide vacation benefits to members.

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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 $0

Investment Income $1

Other Revenue $14,011

TOTAL REVENUE $14,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $18,326

TOTAL EXPENSES $19,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,012	$8,442	+0.7%
Expenses	$19,323	$16,348	+0.2%
Net Income	$-5,311	$-7,906	-0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Jordan	Trustee	2.00	Director	$0	$0	$0
Albert Rago Jr	Trustee	2.00	Director	$0	$0	$0
Michael Bloom	Trustee	2.00	Director	$0	$0	$0
Chris Grazier	Trustee	2.00	Director	$0	$0	$0
Adam Short	Trustee	2.00	Director	$0	$0	$0
Stephen Sweeney	Trustee	2.00	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	$14,012	$19,323	No data	$-5,311
2024	$8,442	$16,348	$6,163	$-7,906
2023	$544,564	$548,512	$94,885	$-3,948
2022	$533,054	$539,041	$95,524	$-5,987
2021	$653,667	$649,077	$122,953	$4,590
2020	$693,205	$690,990	$120,532	$2,215
2019	$616,475	$625,261	$130,314	$-8,786
2018	$867,319	$856,894	$167,114	$10,425

IRONWORKERS LOCAL 451 VACATION FUND