LABORERS' LOCAL 235 WELFARE FUND (EIN 131777458) - 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

1948

Legal Domicile

Principal Officer

RALPH J MERRIT

Phone

9145923331

Tax Period

2023-01-01 to 2023-12-31

LABORERS' LOCAL 235 WELFARE FUND, founded in 1948, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.7M, a strong 44% operating margin.

Mission

EMPLOYER CONTRIBUTIONS FROM UNION CONTRACTORS PROVIDE ELIGIBLE MEMBERS WITH WELFARE BENEFITS.

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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 $10,050,558

Investment Income $243,561

Other Revenue $471,554

TOTAL REVENUE $10,765,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,466

Fundraising Expenses $0

Other Expenses $1,064,209

TOTAL EXPENSES $6,059,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,765,673	$9,149,303	+0.2%
Expenses	$6,059,528	$7,050,642	-0.1%
Net Income	$4,706,145	$2,098,661	+1.2%

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

Total Directors

$640,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIO BOCCAROSSA	CHAIRMAN	0.05	Director	$0	$127,368	$405,468
RALPH MERRITT	UNION TRUSTEE	0.05	Director	$0	$92,299	$235,520
JARAINARE B ARELLANO	UNION TRUSTEE	0.05	Director	$0	$0	$0
MARK FANTE	SECRETARY	0.05	Director	$0	$0	$0
MATTHEW PEPE	EMPLOYER TRUSTEE	0.05	Director	$0	$0	$0
ALAN SEIDMAN	EMPLOYER TRUSTEE	0.05	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	$10,765,673	$6,059,528	$11,918,320	$4,706,145
2022	$9,149,303	$7,050,642	$7,369,270	$2,098,661
2021	$8,948,322	$8,351,566	$5,513,928	$596,756
2020	$7,598,101	$9,211,690	$4,748,559	$-1,613,589
2019	$9,149,473	$10,379,849	$6,117,346	$-1,230,376
2018	$9,690,186	$9,529,655	$7,052,799	$160,531

LABORERS' LOCAL 235 WELFARE FUND