HEALTH & WELFARE PLAN LOCAL 854 IBT

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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

1950

Legal Domicile

Principal Officer

DEMOS P DEMOPOULOS

Phone

2123084200

Tax Period

2023-05-01 to 2024-04-30

HEALTH & WELFARE PLAN LOCAL 854 IBT, founded in 1950, is a micro nonprofit that reported $28K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 66% operating margin.

Mission

TO PROVIDE HEALTH AND RELATED BENEFITS TO QUALIFIED PARTICIPANTS AND THEIR DEPENDENTS IN THE AMOUNTS AND UNDER THE CONDITIONS AS SPECIFIED IN THE AGREEMENT AND PLAN, IN ACCORDACE WITH APPLICABLE LAW.

Program Service Accomplishments

Program 1

THE PLAN PROVIDES MEDICAL, PRESCRIPTION DRUG, OPTICAL, LIFE INSURANCE AND DENTAL BENEFITS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,742

Investment Income $0

Other Revenue $8,862

TOTAL REVENUE $27,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,386

TOTAL EXPENSES $9,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,604	$38,138	-0.3%
Expenses	$9,386	$137,001	-0.9%
Net Income	$18,218	$-98,863	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEMOS DEMOPOULOS	TRUSTEE	3.00	Director	$0	$0	$0
JOHN CURCIO	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH BARRETT	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM CASSESE	TRUSTEE	0.50	Director	$0	$0	$0
RALPH BLASI	TRUSTEE	0.50	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	$27,604	$9,386	$29,381	$18,218
2023	$38,138	$137,001	$11,163	$-98,863
2022	$98,170	$450,225	$22,579	$-352,055
2021	$828,918	$3,578,071	$270,715	$-2,749,153
2020	$9,800,305	$11,063,532	$3,054,681	$-1,263,227
2019	$13,261,426	$17,381,664	$4,721,647	$-4,120,238
2018	$13,787,526	$16,314,143	$9,156,432	$-2,526,617