Mid-South Iron Workers Welfare Fund (EIN 736104291) - 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

1964

Legal Domicile

Principal Officer

Eric Lemley

Phone

4056822323

Tax Period

2023-12-01 to 2024-11-30

Mid-South Iron Workers Welfare Fund, founded in 1964, is a micro nonprofit that reported $118 in total revenue in fiscal year 2023. Expenses of $5K exceeded revenue, resulting in a 4075% operating deficit.

Mission

The Organization is a collectively bargained multiemployer benefit plan that provides health benefits to eligible participants and their dependents.

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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 $0

Investment Income $118

Other Revenue $0

TOTAL REVENUE $118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,927

TOTAL EXPENSES $4,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118	$-65,524	-1.0%
Expenses	$4,927	$54,978	-0.9%
Net Income	$-4,809	$-120,502	-1.0%

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
Eric Lemley	Union Trustee-Co-chairman	1.00	Director	$0	$0	$0
Chris Williams	Employer Trustee	1.00	Director	$0	$0	$0
Lovis Moomey	Union Trustee	1.00	Director	$0	$0	$0
Walter Ashford	Employer Trustee-Chairman	1.00	Director	$0	$0	$0
Dave Bennett	Employer Trustee	1.00	Director	$0	$0	$0
Willie Wright	Union Trustee	1.00	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	$118	$4,927	No data	$-4,809
2023	$-65,524	$54,978	$273,483	$-120,502
2022	$585,450	$557,379	$1,744,350	$28,071
2021	$4,386,287	$2,897,127	$2,421,790	$1,489,160
2020	$3,807,500	$5,959,145	$1,755,185	$-2,151,645
2019	$5,002,210	$5,114,970	$4,067,278	$-112,760
2018	$4,308,430	$4,638,722	$4,150,501	$-330,292

Mid-South Iron Workers Welfare Fund