LOCAL 665 IATSE HEALTH & WELFARE PLAN (EIN 996046220) - 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

1983

Legal Domicile

Principal Officer

ALLAN OMO GORDON SVEC

Phone

8085092990

Tax Period

2024-06-01 to 2025-05-31

LOCAL 665 IATSE HEALTH & WELFARE PLAN, founded in 1983, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 44% operating deficit.

Mission

ORGANIZATION IS A COLLECTIVELY BARGAINED MULTIEMPLOYER PLAN THAT PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS ACCORDING TO PLAN RULES AND REGULATIONS.

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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 $2,511,734

Investment Income $842,249

Other Revenue $0

TOTAL REVENUE $3,353,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $188,732

TOTAL EXPENSES $4,828,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,353,983	$5,172,248	-0.4%
Expenses	$4,828,379	$5,100,021	-0.1%
Net Income	$-1,474,396	$72,227	-21.4%

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

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
JACK SCHNEIDER	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
GORDON SVEC	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
ALLAN OMO	UNION TRUSTEE	0.25	Director	$0	$0	$0
HENRY FORDHAM	UNION TRUSTEE	0.25	Director	$0	$0	$0
IRISH BARBER	UNION TRUSTEE	0.25	Director	$0	$0	$0
RICHARD VIDA	EMPLOYER TRUSTEE	0.25	Director	$0	$0	$0
JEFFERY NIHIPALI DAY	UNION TRUSTEE (ALT)	0.25	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	$3,353,983	$4,828,379	$19,460,764	$-1,474,396
2024	$5,172,248	$5,100,021	$20,483,552	$72,227
2024	$5,330,744	$5,100,021	$20,642,048	$230,723
2023	$9,762,901	$5,517,660	$19,697,472	$4,245,241
2022	$8,378,692	$5,384,265	$15,713,628	$2,994,427
2021	$5,003,872	$4,730,474	$13,977,428	$273,398
2020	$6,110,039	$4,173,555	$13,708,945	$1,936,484
2019	$6,476,922	$3,672,980	$11,772,112	$2,803,942
2018	$4,642,605	$3,433,629	$9,108,223	$1,208,976

LOCAL 665 IATSE HEALTH & WELFARE PLAN