NEW ENGLAND HEALTH CARE EMPLOYEES WELFARE FUND

EIN: 061188411

HARTFORD, CT

Total Revenue
$50,097,755
Total Expenses
$42,350,038
Total Assets
$69,993,483
Net Assets
$63,547,884
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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
1986
Legal Domicile
CT
Principal Officer
DAVID PICKUS
Phone
8607281100
Tax Period
2024-01-01 to 2024-12-31

NEW ENGLAND HEALTH CARE EMPLOYEES WELFARE FUND, founded in 1986, is a mid-sized nonprofit that reported $50.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.7M, a strong 15% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE 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 $45,801,087
Investment Income $2,014,481
Other Revenue $2,282,187
TOTAL REVENUE $50,097,755

Expense Breakdown

Grants Paid $59,500
Salaries & Benefits $1,548,997
Fundraising Expenses $0
Other Expenses $3,210,232
TOTAL EXPENSES $42,350,038

Year-over-Year Comparison

2024 2023 Change
Revenue $50,097,755 $45,018,871 +0.1%
Expenses $42,350,038 $32,154,929 +0.3%
Net Income $7,747,717 $12,863,942 -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

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Governance

Voting Members
10
Independent Members
N/A
Employees
28
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
12
$494,181
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BARIL UNION TRUSTEE 2.00
Director
$0 $36,249 $161,483
SUZANNE CLARK UNION TRUSTEE 2.00
Director
$0 $33,726 $159,268
JESSE MARTIN UNION TRUSTEE 2.00
Director
$0 $30,968 $141,655
DAVID PICKUS UNION TRUSTEE 2.00
Director
$0 $0 $31,775
BRENDA MORISETT UNION TRUSTEE 2.00
Director
$0 $0 $0
ELLEN BARNES MANAGEMENT TRUSTEE 2.00
Director
$0 $0 $0
JONATHAN HOLCOMB MANAGEMENT TRUSTEE 2.00
Director
$0 $0 $0
JIM PHILLIPS MANAGEMENT TRUSTEE 2.00
Director
$0 $0 $0
THOMAS RICCI MANAGEMENT TRUSTEE 2.00
Director
$0 $0 $0
MARK SCHWARTZ MANAGEMENT TRUSTEE 2.00
Director
$0 $0 $0
MARCY COLEMAN MCNAMARA MANAGEMENT TRUSTEE (P) 2.00
Director
$0 $0 $0
LINDSEY SMITH MANAGEMENT TRUSTEE (P) 2.00
Director
$0 $0 $0
SILVANA STANKUS EXECUTIVE DIRECTOR 36.00
Highest
$155,559 $49,880 $218,966
CHARLES RUBEOR SYSTEM IT 32.00
Highest
$103,891 $38,310 $168,174
CHERIE GUIMOND CONTROLLER 20.00
Highest
$62,394 $36,812 $161,600
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 $50,097,755 $42,350,038 $69,993,483 $7,747,717
2023 $45,018,871 $32,154,929 $60,594,770 $12,863,942
2022 $45,253,329 $37,884,123 $43,108,107 $7,369,206
2021 $50,229,322 $40,149,723 $37,070,697 $10,079,599
2020 $51,139,198 $50,301,580 $34,012,141 $837,618
2019 $53,476,601 $57,003,356 $27,797,688 $-3,526,755
2018 $51,385,385 $58,034,174 $31,134,626 $-6,648,789
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