INLAND REFRIGERATION AND AIR CONDITIONING HEALTH AND WELFARE TRUST FUND

EIN: 956115404

LOS ANGELES, CA

Total Revenue
$5,516,544
Total Expenses
$5,201,531
Total Assets
$4,391,329
Net Assets
$2,262,414
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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
CA
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.

Program Service Accomplishments

Program 1

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%)

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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

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Governance

Voting Members
8
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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