IRONWORKERS LOCAL UNION NO 167 WELFARE FUND (EIN 620696127) - 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

1963

Legal Domicile

Principal Officer

JAMES COLE

Phone

6158590131

Tax Period

2024-08-01 to 2025-07-31

IRONWORKERS LOCAL UNION NO 167 WELFARE FUND, founded in 1963, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $810K, a strong 20% operating margin.

Mission

THE PROVISION OF 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,677,197

Investment Income $197,914

Other Revenue $203,593

TOTAL REVENUE $4,078,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $964,592

TOTAL EXPENSES $3,268,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,078,704	$4,486,167	-0.1%
Expenses	$3,268,676	$3,374,784	0.0%
Net Income	$810,028	$1,111,383	-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
ALAN BARNHART	TRUSTEE	2.00	Director	$0	$0	$0
JAMES COLE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DOUG MCCAIN	TRUSTEE	2.00	Director	$0	$0	$0
ALISON SMITH	SECRETARY	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
2025	$4,078,704	$3,268,676	$4,861,518	$810,028
2024	No data	No data	No data	No data
2023	$2,558,128	$1,878,793	$2,366,821	$679,335
2022	$1,356,783	$2,934,332	$1,440,949	$-1,577,549
2021	$2,394,107	$2,323,889	$3,027,168	$70,218
2020	$1,841,363	$1,723,319	$2,795,551	$118,044
2019	$1,729,127	$1,743,498	$2,774,979	$-14,371
2018	$1,571,210	$1,415,301	$2,663,607	$155,909

IRONWORKERS LOCAL UNION NO 167 WELFARE FUND