NORTHWEST IRONWORKERS HEALTH AND SECURITY TRUST (EIN 916068079) - 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

1966

Legal Domicile

Principal Officer

JEFF ILENSTINE

Phone

2064417574

Tax Period

2024-07-01 to 2025-06-30

NORTHWEST IRONWORKERS HEALTH AND SECURITY TRUST, founded in 1966, is a mid-sized nonprofit that reported $55.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE WELFARE BENEFITS FOR PARTICIPATING EMPLOYEES AND THEIR BENEFICIARIES.

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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 $52,192,167

Investment Income $3,199,203

Other Revenue $46,292

TOTAL REVENUE $55,437,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,781,546

TOTAL EXPENSES $56,832,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,437,662	$51,661,615	+0.1%
Expenses	$56,832,563	$54,830,151	+0.0%
Net Income	$-1,394,901	$-3,168,536	-0.6%

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

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
JEFF ILENSTINE	CHAIRMAN (EMPLOYER TRUSTEE)	1.00	Officer Director	$0	$0	$0
CHRIS MCCLAIN	SECRETARY (UNION TRUSTEE)	1.00	Officer Director	$0	$0	$0
KEN CARR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DECKER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ALLAN HARDING	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAN CURTISS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MARC PAULSEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PATTERSON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DICK DEVRIES	EMPLOYER TRUSTEE (OUTGOING)	1.00	Director	$0	$0	$0
JASON FUSSELL	UNION TRUSTEE	1.00	Director	$0	$0	$0
GREG GALES	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KORTH	UNION TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY LADD	UNION TRUSTEE	1.00	Director	$0	$0	$0
JAMES RYCKMAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
RODNEY G SPRINKLE	UNION TRUSTEE	1.00	Director	$0	$0	$0
DEREK PATCHES	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
2025	$55,437,662	$56,832,563	$85,740,766	$-1,394,901
2024	No data	No data	No data	No data
2023	$58,642,826	$52,769,273	$75,387,005	$5,873,553
2022	$58,307,642	$51,554,041	$65,147,164	$6,753,601
2021	$56,682,209	$60,872,016	$63,843,277	$-4,189,807
2020	$52,045,025	$46,329,443	$55,581,290	$5,715,582
2019	$53,107,450	$45,706,035	$49,284,881	$7,401,415
2018	$46,285,343	$54,029,568	$46,999,375	$-7,744,225

NORTHWEST IRONWORKERS HEALTH AND SECURITY TRUST