ASBESTOS WORKERS LOCAL 12 A HEALTH… - Form 990 Financial Data

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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

1985

Legal Domicile

Phone

2125055050

Tax Period

2024-06-01 to 2025-05-31

ASBESTOS WORKERS LOCAL 12 A HEALTH FUND, founded in 1985, is a community nonprofit in the Mutual Benefit sector that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $556K, a strong 20% operating margin.

Mission

The Plan was established for the purpose of providing health care and other benefits to eligible employees and retirees covered by collective bargaining agreements.

Program Service Accomplishments

Program 1

PROVIDED HEALTH, WELFARE AND OTHER BENEFITS TO COVERED PLAN PARTICIPANTS.

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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 $2,362,344

Investment Income $362,350

Other Revenue $2,439

TOTAL REVENUE $2,727,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $253,291

TOTAL EXPENSES $2,170,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,727,133	$3,335,494	-0.2%
Expenses	$2,170,718	$2,395,182	-0.1%
Net Income	$556,415	$940,312	-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

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
JAIME SOTO	UNION TRUSTEE	1.00	Director	$0	$0	$0
LILIAN PARDO	UNION TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN SANCHEZ	EMPLOYER TRUSTE	1.00	Director	$0	$0	$0
BILL MCKENZIE	EMPLOYER TRUSTE	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
2025	$2,727,133	$2,170,718	$7,488,852	$556,415
2024	$3,335,494	$2,395,182	$7,188,891	$940,312
2023	$2,457,938	$2,269,877	$6,386,017	$188,061
2022	$2,068,704	$1,808,415	$5,300,336	$260,289
2021	$1,810,765	$1,575,002	$5,037,538	$235,763
2019	$1,845,627	$1,573,794	$4,358,090	$271,833
2018	$1,744,382	$1,529,041	$4,023,156	$215,341

ASBESTOS WORKERS LOCAL 12 A HEALTH FUND