BLASTERS DRILLRUNNERS AND MINERS LOCAL 29 WELFARE FUND (EIN 131776473) - 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

FRANK BIANCANIELLO

Phone

7187060720

Tax Period

2019-01-01 to 2019-12-31

BLASTERS DRILLRUNNERS AND MINERS LOCAL 29 WELFARE FUND, founded in 1950, is a micro nonprofit that reported $70K in total revenue in fiscal year 2019. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $313K exceeded revenue, resulting in a 346% operating deficit.

Mission

COLLECTIVELY BARGAINED MULTI-EMPLOYER WELFARE FUND CREATED TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPANTS & 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $70,217

TOTAL REVENUE $70,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,036

Fundraising Expenses $0

Program Expenses $313,193

Other Expenses $121,499

TOTAL EXPENSES $313,193

Year-over-Year Comparison

	2019	2018	Change
Revenue	$70,217	$3,187,428	-1.0%
Expenses	$313,193	$4,688,190	-0.9%
Net Income	$-242,976	$-1,500,762	-0.8%

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

$493,647

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BIANCANIELLO	TRUSTEE	0.00	Director	$0	$171,210	$493,647
DENISE RICHARDSON	TRUSTEE	N/A	Director	$0	$0	$0
MARK ROSEN	TRUSTEE	N/A	Director	$0	$0	$0
ANTHONY RUSSO	TRUSTEE	N/A	Director	$0	$0	$0
MICHAEL SULLIVAN	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT WESSEL	TRUSTEE	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
2019	$70,217	$313,193	No data	$-242,976
2018	$3,187,428	$4,688,190	$10,619,754	$-1,500,762

BLASTERS DRILLRUNNERS AND MINERS LOCAL 29 WELFARE FUND