UNITED UNION OF ROOFERS WATERPROOFERS & ALLIED WORKERS LOCAL # 12 HEALTH FUND

EIN: 060878220

WALLINGFORD, CT

Total Revenue
$4,922,419
Total Expenses
$4,149,552
Total Assets
$4,623,018
Net Assets
$4,361,167
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CT
Principal Officer
KEVIN GUERTIN
Phone
8004468646
Tax Period
2024-01-01 to 2024-12-31

UNITED UNION OF ROOFERS WATERPROOFERS & ALLIED WORKERS LOCAL # 12 HEALTH FUND, founded in 1978, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $773K, a strong 16% operating margin.

Mission

EMPLOYERS CONTRIBUTE TO THE LOCAL UNION 12 HEALTH FUND SO THAT THE FUND CAN PROVIDE FOR HOSPITALIZATION, LIFE INSURANCE, DISABILITY INSURANCE, SURGERY, DENTAL AND OTHER MEDICAL EXPENSES FOR THE EMPLOYEES OF THE CONTRIBUTING EMPLOYERS.

Program Service Accomplishments

Program 1
Expenses: $2,755,526

MEDICAL CLAIMS

Program 2
Expenses: $518,653

PRESCRIPTION BENEFITS

Program 3
Expenses: $153,391

SUPPLEMENTAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,853,702
Investment Income $68,717
Other Revenue $0
TOTAL REVENUE $4,922,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,465,934
Other Expenses $1,003,657
TOTAL EXPENSES $4,149,552

Year-over-Year Comparison

2024 2023 Change
Revenue $4,922,419 $4,194,672 +0.2%
Expenses $4,149,552 $3,792,269 +0.1%
Net Income $772,867 $402,403 +0.9%
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

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Governance

Voting Members
6
Independent Members
6
Employees
4
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAIRE WEBSTER TRUSTEE 1.00
Director
$0 $0 $0
KENNETH MACDONALD TRUSTEE 1.00
Director
$0 $0 $0
WARREN WALLER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN GUERTIN TRUSTEE 1.00
Director
$0 $0 $0
JOHN LUCCHESI JR TRUSTEE 1.00
Director
$0 $0 $0
KIM MARSHALL 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
2024 $4,922,419 $4,149,552 $4,623,018 $772,867
2023 $4,194,672 $3,792,269 $3,757,367 $402,403
2022 $3,551,107 $3,132,965 $3,096,622 $418,142
2021 $3,063,626 $3,639,059 $3,488,791 $-575,433
2020 $3,331,952 $2,972,939 $3,745,153 $359,013
2019 $3,382,927 $3,998,557 $3,081,183 $-615,630
2018 $2,946,345 $3,551,867 $3,414,088 $-605,522
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