LOCAL 1205 WELFARE FUND (EIN 111586595) - 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

1975

Legal Domicile

Principal Officer

NELSON NUNEZ

Phone

5165011205

Tax Period

2024-07-01 to 2025-06-30

LOCAL 1205 WELFARE FUND, founded in 1975, is a mid-sized nonprofit that reported $19.2M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $21.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $18,237,221

Investment Income $969,427

Other Revenue $2,199

TOTAL REVENUE $19,208,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,984

Fundraising Expenses $0

Other Expenses $439,642

TOTAL EXPENSES $21,699,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,208,847	$32,343,090	-0.4%
Expenses	$21,699,679	$21,381,259	+0.0%
Net Income	$-2,490,832	$10,961,831	-1.2%

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

Employees

N/A

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

$144,914

Total Directors

$287,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DECROTIE - PAST	TRUSTEE	2.00	Director	$0	$32,634	$142,717
THOMAS CARBERRY	TRUSTEE	2.00	Director	$0	$0	$0
NELSON NUNEZ	TRUSTEE	2.00	Director	$0	$32,634	$144,403
VENUS TEMPLE	FUND ADMINISTRATOR	28.00	Officer	$0	$28,553	$144,914

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	$19,208,847	$21,699,679	$38,685,054	$-2,490,832
2024	$32,343,090	$21,381,259	$37,613,542	$10,961,831
2023	$18,673,194	$19,292,403	$36,055,749	$-619,209
2022	$18,148,897	$17,016,139	$33,639,324	$1,132,758
2021	$17,332,526	$17,434,659	$36,169,568	$-102,133
2020	$20,830,744	$19,594,402	$30,629,471	$1,236,342
2019	$20,885,394	$20,467,538	$28,921,821	$417,856
2018	$20,067,023	$22,370,921	$27,476,728	$-2,303,898

LOCAL 1205 WELFARE FUND