INLAND REFRIGERATION AND AIR CONDITIONING HEALTH AND WELFARE TRUST FUND (EIN 956115404) - 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

1978

Legal Domicile

Principal Officer

Michael Reed

Phone

2133856161

Tax Period

2024-02-01 to 2025-01-31

INLAND REFRIGERATION AND AIR CONDITIONING HEALTH AND WELFARE TRUST FUND, founded in 1978, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Expenses of $5.2M left a modest 6% surplus.

Mission

TO PROVIDE MEDICAL, SURGICAL, HOSPITAL, DENTAL, VISION, LIFE AND PRESCRIPTION BENEFITS TO EMPLOYEES OF COMPANIES SIGNING APPROPRIATE COLLECTIVE BARGAINING AGREEMENTS.

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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 $5,573,552

Investment Income $-57,008

Other Revenue $0

TOTAL REVENUE $5,516,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $146,579

TOTAL EXPENSES $5,201,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,516,544	$5,378,394	+0.0%
Expenses	$5,201,531	$5,144,583	+0.0%
Net Income	$315,013	$233,811	+0.3%

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

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
RANDALL CHENWORTH	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
DAVID GEITH	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL REED	MANAGEMENT TRUSTEE	1.0	Director	$0	$0	$0
TRACY GIPSON	UNION TRUSTEE	1.0	Director	$0	$0	$0
JERRY TREVINO	UNION TRUSTEE	1.0	Director	$0	$0	$0
David Hanson	UNION TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH RAYMOND	UNION TRUSTEE	1.0	Director	$0	$0	$0
JORDAN DEAN	MANAGEMENT TRUSTEE	1.0	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	$5,516,544	$5,201,531	$4,391,329	$315,013
2024	$5,378,394	$5,144,583	$3,843,670	$233,811
2023	$4,769,678	$4,608,206	$3,336,675	$161,472
2022	$4,297,588	$4,201,547	$3,267,234	$96,041
2021	$3,794,387	$3,792,900	$3,044,626	$1,487
2020	$3,851,602	$3,672,494	$2,892,938	$179,108
2019	$3,630,708	$3,529,433	$2,658,272	$101,275

INLAND REFRIGERATION AND AIR CONDITIONING HEALTH AND WELFARE TRUST FUND