BOSTON PLASTERERS' & CEMENT MASONS' HEALTH AND WELFARE PLAN (EIN 046049991) - 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

JAMES MULCAHY

Phone

6178254500

Tax Period

2024-04-01 to 2025-03-31

BOSTON PLASTERERS' & CEMENT MASONS' HEALTH AND WELFARE PLAN, founded in 1952, is a community nonprofit in the Mutual Benefit sector that reported $4.9M in total revenue in fiscal year 2024. Expenses of $5.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS

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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 $4,475,195

Investment Income $304,697

Other Revenue $81,325

TOTAL REVENUE $4,861,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,945

Fundraising Expenses $0

Other Expenses $452,126

TOTAL EXPENSES $5,615,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,861,217	$4,983,808	0.0%
Expenses	$5,615,009	$5,164,671	+0.1%
Net Income	$-753,792	$-180,863	+3.2%

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

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

$206,330

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM REDMOND	TRUSTEE	1.00	Director	$0	$87,537	$190,254
JAMES MULCAHY	TRUSTEE	1.00	Director	$0	$7,444	$16,076
STEPHEN AFFANATO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FRIAS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES MARGUERITE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS PECKHAM	TRUSTEE	1.00	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
2025	$4,861,217	$5,615,009	$9,070,268	$-753,792
2024	$4,983,808	$5,164,671	$9,826,873	$-180,863
2023	$5,608,256	$4,710,350	$9,832,383	$897,906
2022	$5,456,824	$4,163,047	$9,131,152	$1,293,777
2021	$4,765,355	$4,383,227	$8,100,477	$382,128
2020	$4,979,821	$3,957,841	$7,314,196	$1,021,980
2019	$5,175,057	$3,069,222	$6,040,097	$2,105,835

BOSTON PLASTERERS' & CEMENT MASONS' HEALTH AND WELFARE PLAN