WINE LIQUOR & DISTILLERY WORKERS UNION LOCAL 1-D MAJOR MEDICAL PLAN (EIN 131973409) - 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

1962

Legal Domicile

Principal Officer

GLEN CARTER

Phone

7183312311

Tax Period

2023-01-01 to 2023-12-31

WINE LIQUOR & DISTILLERY WORKERS UNION LOCAL 1-D MAJOR MEDICAL PLAN, founded in 1962, is a mid-sized nonprofit that reported $21.6M in total revenue in fiscal year 2023. The organization ran a surplus of $4.4M, a strong 21% operating margin.

Mission

TO PROVIDE HOSPITAL, SURGICAL, MAJOR MEDICAL, DENTAL, OPTICAL, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED 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 $21,147,781

Investment Income $271,845

Other Revenue $198,401

TOTAL REVENUE $21,618,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,438

Fundraising Expenses $0

Other Expenses $536,581

TOTAL EXPENSES $17,176,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,618,027	$20,162,898	+0.1%
Expenses	$17,176,595	$19,644,468	-0.1%
Net Income	$4,441,432	$518,430	+7.6%

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

$178,372

Total Directors

$203,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY KOHN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW MATTASSA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVE YOUNG	UNION TRUSTEE	1.00	Director	$0	$0	$0
DONALD RUTAN	UNION TRUSTEE	1.00	Director	$0	$24,100	$203,910
GLEN CARTER	ADMINISTRATOR	1.00	Officer	$0	$24,100	$178,372

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	$21,618,027	$17,176,595	$17,577,361	$4,441,432
2022	$20,162,898	$19,644,468	$12,570,737	$518,430
2021	$18,925,948	$21,749,766	$14,923,168	$-2,823,818
2020	$18,538,266	$21,764,969	$17,459,965	$-3,226,703
2019	$18,058,993	$22,090,173	$18,660,774	$-4,031,180
2018	$18,124,847	$17,293,984	$21,607,963	$830,863

WINE LIQUOR & DISTILLERY WORKERS UNION LOCAL 1-D MAJOR MEDICAL PLAN