Civic Intelligence

Ironworkers Local 395 Trust Fund

EIN 35-6327302 • 501(c)9 • Oak Brook, IL

Profile

To provide health benefits

2625 Butterfield Road 208EOak Brook, IL 60523

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.03x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.08x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Net Margin

37th percentile

0.3%

Higher net margin than 37% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$297,021

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

$50M-$100M nonprofits • Source year 2024

Asset Growth

43rd percentile

4.6%

Faster asset growth than 43% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

75th percentile

15%

Faster revenue growth than 75% of similar nonprofits.

501(c)9 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Assets

Up

$63,173,862

Up $1,388,416 (+2.2%) from 2023

Liabilities

Up

$1,753,149

Up $134,077 (+8.3%) from 2023

Net Assets

Up

$61,420,713

Up $1,254,339 (+2.1%) from 2023

Revenue

Up

$22,325,912

Up $1,190,929 (+5.6%) from 2023

Expenses

Up

$22,255,379

Up $1,330,241 (+6.4%) from 2023

Net Income

Down

$70,533

Down $139,312 (-66%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $38,449,408Liabilities 2010: $727,423Net Assets 2010: $37,721,9852010Assets 2011: $43,849,802Liabilities 2011: $1,458,573Net Assets 2011: $42,391,2292011Assets 2012: $48,010,446Liabilities 2012: $535,234Net Assets 2012: $47,475,2122012Assets 2013: $50,555,545Liabilities 2013: $307,187Net Assets 2013: $50,248,3582013Assets 2014: $52,548,446Liabilities 2014: $411,794Net Assets 2014: $52,136,6522014Assets 2015: $51,007,604Liabilities 2015: $421,702Net Assets 2015: $50,585,9022015Assets 2016: $50,735,623Liabilities 2016: $206,801Net Assets 2016: $50,528,8222016Assets 2017: $53,922,637Liabilities 2017: $166,352Net Assets 2017: $53,756,2852017Assets 2018: $56,514,321Liabilities 2018: $1,445,470Net Assets 2018: $55,068,8512018Assets 2019: $62,516,813Liabilities 2019: $628,790Net Assets 2019: $61,888,0232019Assets 2020: $61,915,332Liabilities 2020: $734,086Net Assets 2020: $61,181,2462020Assets 2021: $65,601,953Liabilities 2021: $1,116,087Net Assets 2021: $64,485,8662021Assets 2022: $57,751,240Liabilities 2022: $800,404Net Assets 2022: $56,950,8362022Assets 2023: $61,785,446Liabilities 2023: $1,619,072Net Assets 2023: $60,166,3742023Assets 2024: $63,173,862Liabilities 2024: $1,753,149Net Assets 2024: $61,420,7132024

Highlighted filing

2024

Assets$63,173,862
Liabilities$1,753,149
Net Assets$61,420,713

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10M-$20MExpenses 2010: $12,542,0972010Expenses 2011: $14,758,6662011Expenses 2012: $16,597,7152012Revenue 2013: $17,682,885Expenses 2013: $16,074,295Net Income 2013: $1,608,5902013Revenue 2014: $16,965,268Expenses 2014: $16,255,555Net Income 2014: $709,7132014Revenue 2015: $15,174,089Expenses 2015: $16,058,551Net Income 2015: -$884,4622015Revenue 2016: $14,895,914Expenses 2016: $15,402,888Net Income 2016: -$506,9742016Revenue 2017: $19,099,042Expenses 2017: $16,374,549Net Income 2017: $2,724,4932017Revenue 2018: $19,854,202Expenses 2018: $15,777,844Net Income 2018: $4,076,3582018Revenue 2019: $19,652,300Expenses 2019: $17,822,998Net Income 2019: $1,829,3022019Revenue 2020: $6,836,141Expenses 2020: $17,942,793Net Income 2020: -$11,106,6522020Revenue 2021: $20,371,622Expenses 2021: $16,925,376Net Income 2021: $3,446,2462021Revenue 2022: $16,825,764Expenses 2022: $17,962,881Net Income 2022: -$1,137,1172022Revenue 2023: $21,134,983Expenses 2023: $20,925,138Net Income 2023: $209,8452023Revenue 2024: $22,325,912Expenses 2024: $22,255,379Net Income 2024: $70,5332024

Highlighted filing

2024

Revenue$22,325,912
Expenses$22,255,379
Net Income$70,533

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.2$1.75$61.4$22.3$22.3$0.07
2023Detailed filing. Detailed filing data is available for this year.$61.8$1.62$60.2$21.1$20.9$0.21
2022Detailed filing. Detailed filing data is available for this year.$57.8$0.80$57.0$16.8$18.0$1.14
2021Detailed filing. Detailed filing data is available for this year.$65.6$1.12$64.5$20.4$16.9$3.45
2020Detailed filing. Detailed filing data is available for this year.$61.9$0.73$61.2$6.84$17.9$11.1
2019Detailed filing. Detailed filing data is available for this year.$62.5$0.63$61.9$19.7$17.8$1.83
2018Detailed filing. Detailed filing data is available for this year.$56.5$1.45$55.1$19.9$15.8$4.08
2017Detailed filing. Detailed filing data is available for this year.$53.9$0.17$53.8$19.1$16.4$2.72
2016Detailed filing. Detailed filing data is available for this year.$50.7$0.21$50.5$14.9$15.4$0.51
2015Detailed filing. Detailed filing data is available for this year.$51.0$0.42$50.6$15.2$16.1$0.88
2014Detailed filing. Detailed filing data is available for this year.$52.5$0.41$52.1$17.0$16.3$0.71
2013Detailed filing. Detailed filing data is available for this year.$50.6$0.31$50.2$17.7$16.1$1.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.0$0.54$47.5$16.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.8$1.46$42.4$14.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.4$0.73$37.7$12.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.2
Gross Receipts
$30,032,303
Mission and Program Overview

Mission

To provide health benefits

PROVIDE HEALTH BENEFITS

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$60,166,374$61,420,713▲ $1,254,339
Investments in Publicly Traded Securities$53,782,041$54,426,740▲ $644,699
Cash and Non-Interest-Bearing Accounts$2,909,531$2,942,784▲ $33,253
Investments Other Securities$2,676,110$2,781,846▲ $105,736
Accounts Receivable$1,833,966$2,348,060▲ $514,094
Savings and Temporary Cash Investments$88,309$406,498▲ $318,189
Prepaid Expenses and Deferred Charges$383,570$150,178▼ $233,392
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$61,785,446$63,173,862▲ $1,388,416
Other Assets Total$111,919$117,756▲ $5,837
Liabilities
Other Liabilities$1,274,382$1,395,916▲ $121,534
Accounts Payable and Accrued Expenses$344,690$357,233▲ $12,543
Total Liabilities$1,619,072$1,753,149▲ $134,077
Net Assets / Fund Balance
Total Net Assets Fund Balance$60,166,374$61,420,713▲ $1,254,339
Total Liabilities and Net Assets / Fund Balance$61,785,446$63,173,862▲ $1,388,416
Compensation and Service Providers

Board Members and Trustees

NameTitle
Samuel TiptonEmployer Trustee
Steve MichaelsEmployer Trustee
Jim Stemmler JrUnion Trustee
Ronald Ware JrUnion Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Zenith American SolutionsThird Party Administrator2625 BUTTERFIELD ROAD, Oak Brook, IL 60523$490,192
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,975,138
Investment Income
$2,269,173
Other Revenue
$81,601
Change in Net Assets
$70,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,299,662
Revenue Not Reported on Financial Statements
$26,250
Revenue Not Reported on Form 990
$1,183,806
Total Revenue per Audited Statements
$23,483,468
Total Revenue per Form 990
$22,325,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$692,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$21,562,872
Fees for Services Management---$436,074
Fees for Services Other---$76,060
Office Expenses---$52,994
Fees for Services Accounting---$38,575
Fees for Services Legal---$37,504
Fees for Service Investment Mgmnt Fees---$26,250
Insurance---$10,650
Conferences and Meetings---$2,165
Other Expenses---$1,275
Total Functional Expenses$0$0$0$22,255,379

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,255,379
Expenses per Audited Statements$22,229,129
Total Expenses per Audited Statements$22,229,129
Expenses Not Reported on Financial Statements$26,250
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$1,317,551
Due to Broker - Net$78,365
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The board of trustees has delegated the day to day management duties to zenith american solutions, as third party administrator of the fund.

Form 990, Part VI, Section A, Line 8B

The organization has no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

A copy of form 990 is provided to the entire board of trustees prior to filing. The trustees review the form and upon fully understanding the completed form 990, the form is approved and submitted to the irs.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available to any participant in the plan who comes into the fund office and requests to see them.

Filing and Contact Details

Filer

Filer Name
Ironworkers Local 395 Trust Fund
EIN
35-6327302
Phone
3126491200
Address
2625 BUTTERFIELD ROAD 208E, OAK BROOK, IL 60523

Signing Officer

Name
Ronald Ware
Title
Chairman
Phone
3126491200
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Ware
Formed
1977
Legal Domicile
In
Voting Board Members
4
Independent Board Members
2
Employees
58
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
222 INDIANAPOLIS BOULEVARD SUITE, 103, SCHERERVILLE, IN 46375
Preparer
Renee Berg-speck
Phone
3123680500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the plan to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by tax authorities. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 767 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt070533
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt060166374
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt061420713
IRS990/SavingsAndTempCashInvstGrp/BOYAmt088309
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0406498
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt026250
IRS990ScheduleD/ExpensesSubtotalAmt022229129
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt026250
IRS990ScheduleD/InvestmentExpensesNotIncldAmt026250
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01183806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt078365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11317551
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BROKER - NET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED ORGANIZATIONS
IRS990ScheduleD/RevenueNotReportedAmt01183806
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt026250
IRS990ScheduleD/RevenueSubtotalAmt022299662
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE PLAN TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt022255379
IRS990ScheduleD/TotalLiabilityAmt01395916
IRS990ScheduleD/TotalRevenuePerForm990Amt022325912
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023483468
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt022229129
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0164746
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1162309
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt098261
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt198261
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt034014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt134014
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RONALD WARE JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JIM STEMMLER JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0UNION TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1UNION TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0297021
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1294584
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES HAS DELEGATED THE DAY TO DAY MANAGEMENT DUTIES TO ZENITH AMERICAN SOLUTIONS, AS THIRD PARTY ADMINISTRATOR OF THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING. THE TRUSTEES REVIEW THE FORM AND UPON FULLY UNDERSTANDING THE COMPLETED FORM 990, THE FORM IS APPROVED AND SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ANY PARTICIPANT IN THE PLAN WHO COMES INTO THE FUND OFFICE AND REQUESTS TO SEE THEM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd960

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