CRAFT DIVISION OF LOCAL 1049 HEALTH AND WELFARE FUND (EIN 116043757) - 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

1990

Legal Domicile

Principal Officer

PATRICK GUIDICE III

Phone

6312341803

Tax Period

2023-01-01 to 2023-12-31

CRAFT DIVISION OF LOCAL 1049 HEALTH AND WELFARE FUND, founded in 1990, is a mid-sized nonprofit that reported $27.7M in total revenue in fiscal year 2023. The organization ran a surplus of $4.2M, a strong 15% operating margin.

Mission

TO PROVIDE HEALTH & OTHER BENEFITS TO ELIGIBILE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,726,448

Investment Income $-290,267

Other Revenue $286,993

TOTAL REVENUE $27,723,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,923

Fundraising Expenses $0

Other Expenses $1,512,178

TOTAL EXPENSES $23,505,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,723,174	$26,931,810	+0.0%
Expenses	$23,505,423	$22,571,160	+0.0%
Net Income	$4,217,751	$4,360,650	0.0%

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

734

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
JEANNINE DEVLIN	FUND DIRECTOR	26.00		$171,012	$67,827	$238,839
MICHAEL GILCHRIST	Trustee	1.00	Director	$0	$0	$0
JOSEPH HAUGLAND	Trustee	1.00	Director	$0	$0	$0
JESSICA O'NEILL	Trustee	1.00	Director	$0	$0	$0
JAMES COOPER	Trustee	1.00	Director	$0	$0	$0
PATRICK GUIDICE III	Trustee	1.00	Director	$0	$0	$0
JAMES BOGEN	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	No data	No data	No data	No data
2023	$27,723,174	$23,505,423	$111,919,620	$4,217,751
2022	$26,931,810	$22,571,160	$99,615,250	$4,360,650
2021	$39,132,489	$25,456,752	$111,214,879	$13,675,737
2020	$37,375,280	$24,740,411	$100,632,318	$12,634,869
2019	$32,718,675	$22,711,200	$80,936,462	$10,007,475
2018	$33,623,142	$20,142,109	$63,318,396	$13,481,033

CRAFT DIVISION OF LOCAL 1049 HEALTH AND WELFARE FUND