IW LOCAL 25 SERVICE CORPORATION

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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

2021

Legal Domicile

Principal Officer

RICHARD SAWHILL

Phone

2488139800

Tax Period

2024-05-01 to 2025-04-30

IW LOCAL 25 SERVICE CORPORATION, founded in 2021, is a small nonprofit in the Employment sector that reported $462K in total revenue in fiscal year 2024.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $462,435 Revenue: $182,334

THE IW LOCAL 25 SERVICE CORPORATION IS A NONPROFIT ENTITY ESTABLISHED IN MICHIGAN AS A CAPTIVE ENTITY TO PROVIDE COLLECTION AGENT AND CONTRIBUTION DISBURSEMENT SERVICES FOR THE OPERATIONS OF VARIOUS TAFT-HARTLEY BENEFIT PLANS THAT ARE GOVERNED BY ERISA. THE SERVICE CORPORATION IS SERVICING THE FOLLOWING FAMILY OF MULTI-EMPLOYER TAFT-HARTLEY FUNDS, AS WELL AS VARIOUS ANCILLARY RELATED FUNDS:IRON WORKERS LOCAL 25 PENSION TRUSTIRON WORKERS LOCAL 25 DEFINED CONTRIBUTION PENSION TRUSTIRON WORKERS LOCAL 25 HEALTH CARE TRUSTIRON WORKERS LOCAL 25 VACATION PAY TRUSTIRON WORKERS LOCAL 25 TRAINING TRUST

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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 $182,334

Investment Income $280,101

Other Revenue $0

TOTAL REVENUE $462,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $462,435

Other Expenses $462,435

TOTAL EXPENSES $462,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,435	$485,518	0.0%
Expenses	$462,435	$520,040	-0.1%
Net Income	$0	$-34,522	-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

Employees

N/A

Volunteers

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
RICHARD SAWHILL	MANAGEMENT TRUSTEE, CHAIRMAN	0.50	Officer Director	$0	$0	$0
MICHAEL RANDICK	UNION TRUSTEE, SECRETARY	0.50	Officer Director	$0	$0	$0
CHRIS VLK	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
MARK KERNEY	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
WAYNE COFFELL	UNION TRUSTEE	0.50	Director	$0	$0	$0
DENNIS AGUIRRE II	UNION TRUSTEE	0.50	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	$462,435	$462,435	$13,518,730	No data
2024	$485,518	$520,040	$13,839,108	$-34,522
2023	$50,504	$15,982	$13,466,559	$34,522