UA LOCAL 716 HEALTH & WELFARE TRUST FUND (EIN 016010506) - 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

1977

Legal Domicile

Principal Officer

ANTHONY SIROIS

Phone

2032697741

Tax Period

2023-01-01 to 2023-12-31

UA LOCAL 716 HEALTH & WELFARE TRUST FUND, founded in 1977, is a community nonprofit in the Mutual Benefit sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $7.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE VARIOUS FORMS OF HEALTH AND OTHER INSURANCE COVERAGE TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,915,392

Investment Income $137,976

Other Revenue $1,637,940

TOTAL REVENUE $5,691,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $517,886

TOTAL EXPENSES $7,115,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,691,308	$4,434,388	+0.3%
Expenses	$7,115,125	$5,286,509	+0.3%
Net Income	$-1,423,817	$-852,121	+0.7%

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

193

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

$174,748

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAPOLITANO JOHN	TRUSTEE	2.00	Director	$0	$0	$0
MCKENNA JENNIFER	TRUSTEE (P)	2.00	Director	$3,429	$0	$3,429
SAINO GARY	TRUSTEE	2.00	Director	$0	$0	$0
PARRIE WILLIETTE	TRUSTEE	2.00	Director	$0	$0	$0
SIROIS ANTHONY	TRUSTEE	2.00	Director	$0	$0	$87,565
CHAD ELLIS	TRUSTEE	2.00	Director	$0	$0	$0
BEAU LIBBY	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL WICHENBACH	TRUSTEE	2.00	Director	$0	$0	$83,754
DAN NELSON	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$5,691,308	$7,115,125	$4,215,559	$-1,423,817
2022	$4,434,388	$5,286,509	$5,008,801	$-852,121
2021	$4,956,400	$5,112,353	$6,682,151	$-155,953
2020	$4,069,219	$4,794,773	$6,768,953	$-725,554
2019	$5,103,388	$4,892,480	$7,254,311	$210,908
2018	$4,088,263	$4,492,681	$6,532,852	$-404,418

UA LOCAL 716 HEALTH & WELFARE TRUST FUND