LOCAL 57 IUOE HEALTH AND WELFARE FUND (EIN 050269242) - 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

1953

Legal Domicile

Phone

4013319191

Tax Period

2023-01-01 to 2023-12-31

LOCAL 57 IUOE HEALTH AND WELFARE FUND, founded in 1953, is a mid-sized nonprofit that reported $17.0M in total revenue in fiscal year 2023. Expenses of $15.8M left a modest 7% surplus.

Mission

TO PROVIDE MEDICAL, DENTAL AND VISION INSURANCE BENEFITS TO THE COLLECTIVELY BARGAINED 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,070,866

Investment Income $856,070

Other Revenue $118,498

TOTAL REVENUE $17,045,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,953

Fundraising Expenses $0

Other Expenses $184,387

TOTAL EXPENSES $15,817,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,045,434	$17,012,033	+0.0%
Expenses	$15,817,765	$14,932,330	+0.1%
Net Income	$1,227,669	$2,079,703	-0.4%

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

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

$476,621

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WHITE	Trustee	5.00	Director	$0	$76,278	$248,633
RYAN WHITE	Trustee	5.00	Director	$0	$76,278	$227,988
MICHAEL D'AMBRA	Trustee	5.00	Director	$0	$0	$0
STEPHEN CARDI	Trustee	5.00	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	$17,045,434	$15,817,765	$25,702,181	$1,227,669
2022	$17,012,033	$14,932,330	$23,429,295	$2,079,703
2021	$15,388,250	$13,840,284	$24,623,216	$1,547,966
2020	$13,634,479	$13,582,234	$22,763,178	$52,245
2019	$13,960,709	$12,361,924	$21,868,103	$1,598,785
2018	$12,313,039	$10,948,616	$18,886,171	$1,364,423

LOCAL 57 IUOE HEALTH AND WELFARE FUND