IRON WORKERS DISTRICT COUNCIL OF TN VALLEY & VICINITY WELFARE PLAN (EIN 620588259) - 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

1958

Legal Domicile

Principal Officer

JACK JARRELL

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

IRON WORKERS DISTRICT COUNCIL OF TN VALLEY & VICINITY WELFARE PLAN, founded in 1958, is a mid-sized nonprofit that reported $19.8M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.7M, a strong 54% operating margin.

Mission

PROVIDE HEALTH, DENTAL, VISION, DEATH, AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.

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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 $13,727,336

Investment Income $5,228,440

Other Revenue $818,432

TOTAL REVENUE $19,774,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,794

Fundraising Expenses $0

Other Expenses $2,024,381

TOTAL EXPENSES $9,063,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,774,208	$11,167,312	+0.8%
Expenses	$9,063,972	$11,327,492	-0.2%
Net Income	$10,710,236	$-160,180	-67.9%

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
J DAVID BECKLER	TRUSTEE	2.00	Director	$0	$0	$0
JACEN DAVIDSON	TRUSTEE	2.00	Director	$0	$0	$0
KEITH HOPPER	TRUSTEE	2.00	Director	$0	$0	$0
JACK JARRELL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SEAN-PAUL KIMBALL	TRUSTEE	2.00	Director	$0	$0	$0
JEB MILES	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER O'KEEFE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL B PFIEFFER	CO-CHAIRMAN	2.00	Officer 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	$19,774,208	$9,063,972	$52,530,696	$10,710,236
2022	$11,167,312	$11,327,492	$42,289,714	$-160,180
2021	$17,688,839	$10,601,767	$42,102,805	$7,087,072
2020	$15,974,421	$8,395,836	$33,403,606	$7,578,585
2019	$14,362,073	$7,241,626	$25,098,015	$7,120,447
2018	$9,133,227	$6,444,231	$17,724,802	$2,688,996

IRON WORKERS DISTRICT COUNCIL OF TN VALLEY & VICINITY WELFARE PLAN