ROAD CARRIERS LOCAL 707 WELFARE FUND (EIN 112159859) - 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

1950

Legal Domicile

Principal Officer

KEVIN MCCAFFREY

Phone

5165608516

Tax Period

2023-09-01 to 2024-08-31

ROAD CARRIERS LOCAL 707 WELFARE FUND, founded in 1950, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $11.5M left a modest 5% surplus.

Mission

TO PROVIDE HOSPITAL, MEDICAL,DENTAL,DRUG,OPTICAL,LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND OTHER BENEFITS TO ITS' 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 $10,227,173

Investment Income $1,881,308

Other Revenue $11,024

TOTAL REVENUE $12,119,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $350,627

Fundraising Expenses $0

Other Expenses $760,161

TOTAL EXPENSES $11,534,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,119,505	$19,863,472	-0.4%
Expenses	$11,534,190	$19,080,624	-0.4%
Net Income	$585,315	$782,848	-0.3%

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

Total Directors

$449,351

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MCCAFFREY	UNION TRUSTEE	2.00	Director	$0	$50,828	$182,864
MICHAEL DAY	EMPLOYER TRUSTEE (P)	2.00	Director	$0	$0	$0
STEVE DUSKO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
DANIEL PACHECO	UNION TRUSTEE (P)	2.00	Director	$0	$42,496	$129,295
DANIEL THOMAS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN ZIRPOLI III	UNION TRUSTEE	2.00	Director	$0	$50,827	$137,192

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	$12,119,505	$11,534,190	$30,135,226	$585,315
2023	$19,863,472	$19,080,624	$27,698,411	$782,848
2022	$21,648,483	$19,755,448	$26,123,821	$1,893,035
2021	$21,078,203	$18,975,293	$26,798,550	$2,102,910
2020	$21,239,162	$22,987,010	$21,820,287	$-1,747,848
2019	$20,096,228	$16,419,028	$22,336,917	$3,677,200
2018	$18,038,273	$15,109,058	$18,662,715	$2,929,215

ROAD CARRIERS LOCAL 707 WELFARE FUND