CMTA-IAM JOINT RETIREE HEALTH & WELFARE TRUST (EIN 946130509) - 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

1967

Legal Domicile

Principal Officer

DON CROSATTO

Phone

9258337300

Tax Period

2023-09-01 to 2024-08-31

CMTA-IAM JOINT RETIREE HEALTH & WELFARE TRUST, founded in 1967, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Expenses of $3.5M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,524,774

Investment Income $182,372

Other Revenue $0

TOTAL REVENUE $3,707,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $333,687

TOTAL EXPENSES $3,465,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,707,146	$3,864,029	0.0%
Expenses	$3,465,593	$3,761,283	-0.1%
Net Income	$241,553	$102,746	+1.4%

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
JOHN DIBERNARDO	TRUSTEE - TERM. 9/2023	4.0	Director	$0	$0	$0
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 - EFF. 9/2023	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
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