WESTCHESTER HEAVY CONSTRUCTION LABORERS LOCAL 60 HEALTH & WELFARE FUND

EIN: 131737041

HAWTHORNE, NY

Total Revenue
$17,853,142
Total Expenses
$17,281,437
Total Assets
$33,768,118
Net Assets
$30,627,859
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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
1988
Legal Domicile
NY
Principal Officer
ANTHONY ASCENCAO
Phone
9147692440
Tax Period
2023-01-01 to 2023-12-31

WESTCHESTER HEAVY CONSTRUCTION LABORERS LOCAL 60 HEALTH & WELFARE FUND, founded in 1988, is a mid-sized nonprofit that reported $17.9M in total revenue in fiscal year 2023. Expenses of $17.3M left a modest 3% surplus.

Mission

THE PURPOSE OF THIS PLAN IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

THE PURPOSE OF THIS PLAN IS TO PROVIDE HEALTH AND 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,853,918
Investment Income $997,079
Other Revenue $2,145
TOTAL REVENUE $17,853,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $279,108
Fundraising Expenses $0
Other Expenses $1,569,030
TOTAL EXPENSES $17,281,437

Year-over-Year Comparison

2023 2022 Change
Revenue $17,853,142 $17,845,451 +0.0%
Expenses $17,281,437 $17,056,709 +0.0%
Net Income $571,705 $788,742 -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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Governance

Voting Members
6
Independent Members
3
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
0
$0
Total Directors
7
$1,066,166
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL MASCETTA EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
ROSS PEPE EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
GEORGE PACCHIANA EMPLOYER TRUSTEE 0.50
Director
$0 $0 $0
CARLOS ASCENCAO ALT UNION TRUST 0.50
Director
$0 $0 $0
ANTHONY ASCENCAO UNION TRUSTEE 0.50
Director
$0 $170,166 $465,532
JACINTO FRAGOSO UNION TRUSTEE 0.50
Director
$0 $115,462 $300,321
MICHAEL MOREIRA UNION TRUSTEE 0.50
Director
$0 $115,462 $300,313
CHRISTINE COSTA FUND ADMINISTRATOR 25.00
Highest
$0 $51,696 $217,279
FRANK BISIGNANO TRAINING DIRECTOR 0.00
Highest
$0 $139,705 $375,906
ANDREW FERRARO TRAINING INSTRUCTOR 0.00
Highest
$0 $54,510 $204,264
MICHAEL CRUZ EAP DIRECTOR 20.00
Highest
$0 $51,696 $175,658
CARLOS GONZALEZ TRAINING INSTRUCTOR 0.00
Highest
$0 $54,529 $208,480
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 $17,853,142 $17,281,437 $33,768,118 $571,705
2022 $17,845,451 $17,056,709 $32,392,757 $788,742
2021 $17,320,085 $16,594,922 $33,059,436 $725,163
2020 $15,003,318 $12,979,096 $30,192,053 $2,024,222
2019 $14,726,685 $15,769,433 $25,927,609 $-1,042,748
2018 $15,023,452 $14,357,449 $23,959,828 $666,003
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