SOUTHEASTERN IRON WORKERS WELFARE PLAN (EIN 630334002) - 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

1953

Legal Domicile

Principal Officer

ROBERT DUFFIELD

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

SOUTHEASTERN IRON WORKERS WELFARE PLAN, founded in 1953, is a mid-sized nonprofit that reported $33.8M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

To provide health benefits to its 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,336,631

Investment Income $493,484

Other Revenue $0

TOTAL REVENUE $33,830,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,947,243

TOTAL EXPENSES $32,969,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,830,115	$28,141,662	+0.2%
Expenses	$32,969,555	$31,486,974	+0.0%
Net Income	$860,560	$-3,345,312	-1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DUFFIELD	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JODY CREWS	SECRETARY	5.00	Officer Director	$0	$0	$0
KEVIN BARBER	TRUSTEE	5.00	Director	$0	$0	$0
YOSVANY TORRES	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT KNOST	TRUSTEE	5.00	Director	$0	$0	$0
JEFF BAILEY	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM BRADLEY	TRUSTEE	5.00	Director	$0	$0	$0
DAN SEGOVIA	TRUSTEE	5.00	Director	$0	$0	$0
ALEXANDER BERGEL	TRUSTEE	5.00	Director	$0	$0	$0
STEPHEN SHELL	TRUSTEE	5.00	Officer Director	$0	$0	$0
LESTER HENSLEY	TRUSTEE	5.00	Director	$0	$0	$0
JIM BOYKIN	TRUSTEE	5.00	Director	$0	$0	$0
CONRAD VARNUM	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM McMILLAN	TRUSTEE	5.00	Director	$0	$0	$0
PAUL METTE	SECRETARY	5.00	Director	$0	$0	$0
ROBERT GARMOE	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$33,830,115	$32,969,555	$44,183,640	$860,560
2022	$28,141,662	$31,486,974	$40,051,347	$-3,345,312
2021	$33,905,030	$32,818,271	$49,320,694	$1,086,759
2020	$32,717,670	$30,191,367	$50,005,292	$2,526,303
2019	$35,507,206	$27,417,239	$44,417,882	$8,089,967
2018	$32,495,601	$28,388,183	$33,381,766	$4,107,418

SOUTHEASTERN IRON WORKERS WELFARE PLAN