MASSACHUSETTS BRICKLAYERS & MASONS HEALTH & WELFARE FUND (EIN 042145367) - 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

1952

Legal Domicile

Principal Officer

CHARLES RASO II

Phone

6174365000

Tax Period

2024-04-01 to 2025-03-31

MASSACHUSETTS BRICKLAYERS & MASONS HEALTH & WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $34.0M in total revenue in fiscal year 2024.

Mission

PROVIDE MEDICAL BENEFITS

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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 $30,540,313

Investment Income $3,282,043

Other Revenue $171,797

TOTAL REVENUE $33,994,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $582,315

Fundraising Expenses $0

Other Expenses $1,655,767

TOTAL EXPENSES $36,383,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,994,153	$34,685,172	0.0%
Expenses	$36,383,311	$34,834,765	+0.0%
Net Income	$-2,389,158	$-149,593	+15.0%

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

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

$358,680

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK FOLAN III	TRUSTEE	2.00	Director	$0	$0	$0
GREGORY SALVUCCI	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH IACOPUCCI	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS MCCORMICK	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN GRANDE	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES RASO	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD LAVOIE	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY ANTONUCCIO	TRUSTEE	2.00	Director	$0	$0	$0
LESLIE CARRIO	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD PACHECO	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH GRENHAM	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT VESEY	TRUSTEE	2.00	Director	$0	$0	$0
JAMES PIMENTAL	TRUSTEE	2.00	Director	$0	$0	$0
CHUCK RASO II	EXECUTIVE DIRECTOR AND TRU	8.00	Officer	$84,852	$124,282	$358,680

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	$33,994,153	$36,383,311	$54,239,210	$-2,389,158
2024	$34,685,172	$34,834,765	$57,010,212	$-149,593
2023	$32,035,431	$32,058,528	$53,101,991	$-23,097
2022	$32,665,597	$31,054,322	$55,070,264	$1,611,275
2021	$27,395,018	$29,331,935	$56,562,864	$-1,936,917
2020	$30,883,431	$29,770,106	$51,740,431	$1,113,325
2019	$32,650,993	$28,443,739	$49,980,193	$4,207,254
2018	$29,796,159	$27,100,511	$43,832,148	$2,695,648

MASSACHUSETTS BRICKLAYERS & MASONS HEALTH & WELFARE FUND