IW LOCAL 25 SERVICE CORPORATION

EIN: 871228160 Employment

TROY, MI

Total Revenue
$462,435
Total Expenses
$462,435
Total Assets
$13,518,730
Net Assets
N/A
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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
MI
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

PROVIDING ADMINISTRATIVE FUNCTIONS FOR THE OPERATING OF VARIOUS IRON WORKERS LOCAL 25 BENEFIT PLANS.

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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