BUILDING TRADES WELFARE BENEFIT FUND (EIN 113310062) - 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

1996

Legal Domicile

Principal Officer

ERIC OLYNIK

Phone

5168339300

Tax Period

2024-01-01 to 2024-12-31

BUILDING TRADES WELFARE BENEFIT FUND, founded in 1996, is a mid-sized nonprofit that reported $28.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $24.3M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE MEMBERS 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 $27,116,114

Investment Income $927,238

Other Revenue $0

TOTAL REVENUE $28,043,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,961

Fundraising Expenses $0

Other Expenses $672,140

TOTAL EXPENSES $24,277,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,043,352	$22,184,610	+0.3%
Expenses	$24,277,471	$22,265,849	+0.1%
Net Income	$3,765,881	$-81,239	-47.4%

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

N/A

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

$314,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC OLYNIK	TRUSTEE	13.00	Director	$50,481	$0	$157,051
FRANK RAPPO	TRUSTEE	13.00	Director	$50,481	$0	$157,051

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	$28,043,352	$24,277,471	$25,312,902	$3,765,881
2023	$22,184,610	$22,265,849	$19,763,174	$-81,239
2022	$21,874,913	$26,153,659	$18,741,317	$-4,278,746
2021	$23,790,572	$27,217,666	$26,338,921	$-3,427,094
2020	$22,261,045	$24,734,483	$27,968,484	$-2,473,438
2019	$23,751,729	$26,260,152	$28,712,622	$-2,508,423
2018	$24,096,803	$22,293,278	$26,385,810	$1,803,525

BUILDING TRADES WELFARE BENEFIT FUND