LOCAL 522 WELFARE FUND - ROOFERS DIVISION (EIN 111854964) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

JAMES KANE

Phone

7188591624

Tax Period

2024-01-01 to 2024-12-31

LOCAL 522 WELFARE FUND - ROOFERS DIVISION, founded in 1957, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDING HEALTH & WELFARE BENEFITS TO PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS. BENEFITS INCLUDE MEDICAL, HOSPITAL, DENTAL, OPTICAL, DEATH AND HOLIDAY BENEFITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,521,806

Investment Income $155,800

Other Revenue $9,562

TOTAL REVENUE $1,687,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $152,890

TOTAL EXPENSES $2,131,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,687,168	$1,427,401	+0.2%
Expenses	$2,131,417	$1,428,871	+0.5%
Net Income	$-444,249	$-1,470	+301.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

158

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

$333,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KANE	TRUSTEE	1.00	Director	$0	$50,060	$166,660
PETER MURPHY	TRUSTEE	1.00	Director	$0	$50,060	$166,660
ANDREW WIST	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HUSSEY	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	$1,687,168	$2,131,417	$1,400,254	$-444,249
2023	$1,427,401	$1,428,871	$1,874,350	$-1,470
2023	$1,427,401	$1,426,241	$1,874,480	$1,160
2022	$1,385,099	$1,790,975	$1,916,432	$-405,876
2021	$1,464,944	$1,321,897	$2,380,368	$143,047
2020	$996,990	$1,196,791	$2,179,764	$-199,801
2019	$445,026	$1,425,932	$2,241,368	$-980,906
2018	$1,438,048	$1,252,067	$3,159,165	$185,981

LOCAL 522 WELFARE FUND - ROOFERS DIVISION