EXCAVATORS UNION 731 WELFARE (EIN 131615440) - 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

MARK KEY

Phone

7183919099

Tax Period

2023-01-01 to 2023-12-31

EXCAVATORS UNION 731 WELFARE, founded in 1950, is a major nonprofit that reported $317.8M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114.2M, a strong 36% operating margin.

Mission

COLLECTIVELY BARGAINED MULTI-EMPLOYER WELFARE FUND CREATED TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $245,790,180

Investment Income $71,829,563

Other Revenue $216,029

TOTAL REVENUE $317,835,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,265,452

Fundraising Expenses $0

Program Expenses $203,642,189

Other Expenses $2,747,919

TOTAL EXPENSES $203,642,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,835,772	$148,230,036	+1.1%
Expenses	$203,642,189	$194,198,359	+0.0%
Net Income	$114,193,583	$-45,968,323	-3.5%

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

$717,187

Total Directors

$1,837,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH D'AMATO	FMR UNION TR	0.00	Director	$0	$129,007	$689,916
CARMINE D'AMATO	UNION TRUSTE	N/A	Director	$0	$209,219	$575,468
DOMINIC VALDNER	UNION TRUSTE	0.00	Director	$0	$206,314	$572,155
PAUL D'ABBRACCIO	FMR FUND MNG	20.00	Officer	$0	$104,998	$398,266
MARK KEY	FUND ADM	25.00	Officer	$0	$104,998	$318,921
MICHELLE REID	PENSION SUPE	10.00	Highest	$0	$72,325	$247,870
ANTHONY PICIULLO	ACCOUNTING	12.00	Highest	$0	$71,702	$247,039
M CHEN	WF BENEFIT C	40.00	Highest	$107,410	$71,702	$179,112
MARK ROSEN	EMPLOYER TRU	N/A	Director	$0	$0	$0
ROBERT WESSEL	EMPLOYER TRU	N/A	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	$317,835,772	$203,642,189	$931,035,083	$114,193,583
2022	$148,230,036	$194,198,359	$763,644,459	$-45,968,323
2021	$265,733,082	$179,407,458	$855,197,555	$86,325,624
2020	$244,683,666	$154,710,116	$729,939,503	$89,973,550
2019	$256,840,962	$173,295,875	$594,573,217	$83,545,087
2018	$221,125,972	$153,712,929	$453,818,758	$67,413,043

EXCAVATORS UNION 731 WELFARE