DULUTH SUPERIOR ILA LOCAL 1037 SUPPLEMENTAL UNEMPLOYMENT BENEFIT (EIN 856239879) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

BENJAMIN HERSTAD

Phone

2187284231

Tax Period

2024-01-01 to 2024-12-31

DULUTH SUPERIOR ILA LOCAL 1037 SUPPLEMENTAL UNEMPLOYMENT BENEFIT, founded in 2020, is a micro nonprofit in the Mutual Benefit sector that reported $58K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $67K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE SUPPLEMENTAL UNEMMPLOYMENT BENEFITS FOR ACTIVE MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $57,912

Investment Income $41

Other Revenue $0

TOTAL REVENUE $57,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,010

TOTAL EXPENSES $67,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,953	$95,686	-0.4%
Expenses	$67,275	$86,918	-0.2%
Net Income	$-9,322	$8,768	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
GREG FISHER	UNION TRUSTE	1.00	Director	$0	$0	$0
BENJAMIN HERSTAD	EMPLOYER TRU	1.00	Officer Director	$0	$0	$0
STEVEN NELSON	UNION TRUSTE	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	$57,953	$67,275	$7,138	$-9,322
2023	$95,686	$86,918	$87,019	$8,768
2022	$103,625	$101,098	$84,807	$2,527
2021	$80,772	$97,385	$77,310	$-16,613
2020	$319,233	$297,455	$152,566	$21,778

DULUTH SUPERIOR ILA LOCAL 1037 SUPPLEMENTAL UNEMPLOYMENT BENEFIT