BUILDING SERVICES LOCAL 2-WELFARE FUND (EIN 111831226) - 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

1958

Legal Domicile

Principal Officer

MARY CLANTON

Phone

7182967017

Tax Period

2023-01-01 to 2023-12-31

BUILDING SERVICES LOCAL 2-WELFARE FUND, founded in 1958, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 45% operating margin.

Mission

TO PROVIDE MEDICAL, DENTAL AND PRESCRIPTION BENEFITS TO ELIGIBLE 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 $5,973,055

Investment Income $380,762

Other Revenue $141,575

TOTAL REVENUE $6,495,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,294

Fundraising Expenses $0

Other Expenses $234,450

TOTAL EXPENSES $3,582,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,495,392	$5,928,858	+0.1%
Expenses	$3,582,883	$3,861,491	-0.1%
Net Income	$2,912,509	$2,067,367	+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

$167,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS STUART	UNION TRUSTEE/PRESIDENT	1.00	Director	$0	$0	$0
GARY ROTHMAN	PROFESSIONAL TRUSTEE	1.00	Director	$0	$0	$0
LYDIA STUART	SECRETARY-TREASURER	1.00	Officer	$0	$0	$0
MARY CLANTON	VICE PRESIDENT	40.00	Officer	$153,900	$14,040	$167,940

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	$6,495,392	$3,582,883	$23,926,493	$2,912,509
2022	$5,928,858	$3,861,491	$19,840,092	$2,067,367
2021	$7,504,280	$4,350,781	$19,605,362	$3,153,499
2020	$7,208,760	$4,180,424	$17,411,854	$3,028,336
2019	$6,150,980	$4,436,661	$13,603,470	$1,714,319
2018	$5,694,497	$3,055,096	$11,806,644	$2,639,401

BUILDING SERVICES LOCAL 2-WELFARE FUND