Texas Iron Workers Health Benefit Fund (EIN 746038639) - 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

1955

Legal Domicile

Phone

7132191200

Tax Period

2024-04-01 to 2025-03-31

Texas Iron Workers Health Benefit Fund, founded in 1955, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $3.0M, a strong 20% operating margin.

Mission

The Texas Iron Workers Health Benefit Fund exists to provide medical, dental and life insurance benefits to eligible members of the Plan.

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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 $13,750,619

Investment Income $1,677,296

Other Revenue $-265,235

TOTAL REVENUE $15,162,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,447,427

Other Expenses $755,438

TOTAL EXPENSES $12,202,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,162,680	$17,352,662	-0.1%
Expenses	$12,202,865	$13,058,739	-0.1%
Net Income	$2,959,815	$4,293,923	-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
Vince Bosworth	Co-Chairman	002.00	Officer Director	$0	$0	$0
Eric Fryer	Co-Chairman	002.00	Officer Director	$0	$0	$0
JD Biggs	Mgmt Trustee	002.00	Director	$0	$0	$0
Jason Stout	Mgmt Trustee	002.00	Director	$0	$0	$0
Parley Dixon	Mgmt Trustee	002.00	Director	$0	$0	$0
Robin Drake	Labor Trustee	002.00	Director	$0	$0	$0
Robert Esparza Jr	Labor Trustee	002.00	Director	$0	$0	$0
Charles Schneider	Labor Trustee	002.00	Director	$0	$0	$0
Antonio Luquis	Labor Trustee	002.00	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
2025	$15,162,680	$12,202,865	$29,906,669	$2,959,815
2024	$17,352,662	$13,058,739	$26,741,495	$4,293,923
2023	$10,674,739	$10,043,337	$21,359,336	$631,402
2022	$12,103,442	$11,635,813	$19,200,202	$467,629
2021	$12,896,192	$10,144,619	$18,994,552	$2,751,573
2020	$12,249,703	$11,672,782	$16,757,792	$576,921
2018	$11,580,967	$9,777,010	$11,769,043	$1,803,957

Texas Iron Workers Health Benefit Fund