CMTA-IAM JOINT RETIREE HEALTH & WE… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

DON CROSATTO

Phone

9258337300

Tax Period

2024-09-01 to 2025-08-31

CMTA-IAM JOINT RETIREE HEALTH & WELFARE TRUST, founded in 1967, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE RETIREES.

Program Service Accomplishments

Program 1

PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE RETIREES.

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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 $3,225,046

Investment Income $189,389

Other Revenue $0

TOTAL REVENUE $3,414,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $350,168

TOTAL EXPENSES $3,551,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,414,435	$3,707,146	-0.1%
Expenses	$3,551,102	$3,465,593	+0.0%
Net Income	$-136,667	$241,553	-1.6%

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

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
TOM DILLON	CO-CHAIR	4.0	Director	$0	$0	$0
DON CROSATTO	CHAIRMAN	4.0	Director	$0	$0	$0
RICH MORALES	Trustee	4.0	Director	$0	$0	$0
JIM SCHWANTZ	Trustee	4.0	Director	$0	$0	$0
STEVE SOWINSKI	Trustee	4.0	Director	$0	$0	$0
MARK MARTIN	TRUSTEE	4.0	Director	$0	$0	$0
MICHAEL HENNEBERRY	TRUSTEE	4.0	Director	$0	$0	$0
ROBERT GARCIA	TRUSTEE	4.0	Director	$0	$0	$0
WILLY WON	TRUSTEE - EFF. 1/2025	4.0	Director	$0	$0	$0
SEE SCH O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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	$3,414,435	$3,551,102	$5,504,055	$-136,667
2024	$3,707,146	$3,465,593	$5,552,580	$241,553
2023	$3,864,029	$3,761,283	$4,907,122	$102,746
2022	$4,612,871	$4,465,292	$4,818,667	$147,579
2021	$5,686,190	$5,471,632	$5,451,805	$214,558
2020	$6,646,910	$6,645,576	$5,153,973	$1,334
2019	$7,705,108	$7,680,936	$5,011,401	$24,172
2018	$8,309,784	$8,200,843	$4,908,121	$108,941

CMTA-IAM JOINT RETIREE HEALTH & WELFARE TRUST