CALIFORNIA IRONWORKERS FIELD WELFARE PLAN (EIN 956042868) - 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

1963

Legal Domicile

Principal Officer

GREG MCCLELLAND

Phone

6267927337

Tax Period

2024-06-01 to 2025-05-31

CALIFORNIA IRONWORKERS FIELD WELFARE PLAN, founded in 1963, is a major nonprofit that reported $212.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN A MULTIEMPLOYER PLAN.

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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 $202,808,163

Investment Income $9,982,942

Other Revenue $0

TOTAL REVENUE $212,791,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,346,499

TOTAL EXPENSES $229,286,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,791,105	$230,641,422	-0.1%
Expenses	$229,286,709	$236,028,606	0.0%
Net Income	$-16,495,604	$-5,387,184	+2.1%

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

111

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
GREG MCCLELLAND	MANAGEMENT CHAIRMAN	1.0	Director	$0	$0	$0
DANIEL WELSH	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES KREBS	TRUSTEE	1.0	Director	$0	$0	$0
DENNIS ANDERSEN	TRUSTEE	1.0	Director	$0	$0	$0
DAVE MCEUEN	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES HERNANDEZ	TRUSTEE	1.0	Director	$0	$0	$0
KARL PINEO	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL VLAMING	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD BARBOUR	TRUSTEE	1.0	Director	$0	$0	$0
DYLAN OLSON	TRUSTEE	1.0	Director	$0	$0	$0
KEITH HARKEY	TRUSTEE	1.0	Director	$0	$0	$0
JESUS CASTANEDA	TRUSTEE	1.0	Director	$0	$0	$0
BEAU COLEMAN	TRUSTEE	1.0	Director	$0	$0	$0
JASON SANGSTER	TRUSTEE	1.0	Director	$0	$0	$0
Jason Gallia	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS STOWERS	TRUSTEE - TERM. 4/23/2025	1.0	Director	$0	$0	$0
FRANKIE JIMENEZ	TRUSTEE	1.0	Director	$0	$0	$0
DAVID OSBORNE	TRUSTEE	1.0	Director	$0	$0	$0
JOHN KONECHNE	TRUSTEE - EFF. 4/23/2025	1.0	Director	$0	$0	$0
SEE SCHEDULE 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	$212,791,105	$229,286,709	$257,459,437	$-16,495,604
2024	$230,641,422	$236,028,606	$269,179,745	$-5,387,184
2023	$210,493,649	$209,969,449	$260,081,816	$524,200
2022	$188,962,562	$211,336,946	$261,061,747	$-22,374,384
2021	$199,920,750	$191,638,973	$295,368,908	$8,281,777
2020	$211,518,441	$202,764,360	$280,928,025	$8,754,081
2019	$213,098,026	$196,615,602	$269,647,602	$16,482,424
2018	$200,273,756	$182,446,291	$235,842,052	$17,827,465

CALIFORNIA IRONWORKERS FIELD WELFARE PLAN