LICENSED PRACTICAL NURSES WELFARE FUND (EIN 132623987) - 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

1968

Legal Domicile

Principal Officer

LORRAINE HENRY-DEMPSEY

Phone

6464736656

Tax Period

2024-01-01 to 2024-12-31

LICENSED PRACTICAL NURSES WELFARE FUND, founded in 1968, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $956K left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $596,846

Investment Income $187,135

Other Revenue $234,787

TOTAL REVENUE $1,018,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $95,928

TOTAL EXPENSES $956,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,018,768	$809,549	+0.3%
Expenses	$956,425	$1,299,039	-0.3%
Net Income	$62,343	$-489,490	-1.1%

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

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

$5,453,786

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKY REID	TRUSTEE	1.00	Director	$0	$0	$0
DAN RATNER	UNION TRUSTEE	1.00	Director	$0	$0	$0
STACYLEA GRAY	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOYCE NEIL	UNION TRUSTEE - FORMER	1.00	Director	$0	$0	$0
KIM CAMERON	TRUSTEE - FORMER	1.00	Director	$0	$0	$0
JOSEPH CHINEA	UNION TRUSTEE	1.00	Director	$0	$0	$0
FABIOLA BUDDAN-MAIS	TRUSTEE	1.00	Director	$0	$0	$0
LORRAINE HENRY-DEMPSEY	TRUSTEE	1.00	Director	$0	$0	$0
SAUNDRA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DONNA REY	EXECUTIVE OFFICER	1.00	Officer	$0	$481,818	$1,436,131
MERCEDES MAMBRU	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$271,960	$781,811
VAN DUNN	CHIEF MEDICAL OFFICER	1.00	Officer	$0	$318,443	$898,225
LORRAINE MONCHAK	CHIEF INVESTMENTS OFFICER	1.00	Officer	$0	$779,824	$2,337,619
FERDAG DILAY ALTINER	PORTFOLIO MANAGER	1.00	Highest	$0	$202,321	$617,885
SUZANNE A METZGER	CHIEF GENERAL COUNSEL	1.00	Highest	$0	$251,980	$696,991
ANGELA SCOTT	CHIEF OF BENEFIT OPERATION	1.00	Highest	$0	$282,236	$827,584
STACEY MILLMAN	CHIEF COMMUNICATIONS OFFIC	1.00	Highest	$0	$315,506	$939,563
BRANDY SHILOH	CHIEF ADMINISTRATIVE OFFIC	1.00	Highest	$0	$408,256	$1,203,698

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	$1,018,768	$956,425	$5,779,338	$62,343
2023	$809,549	$1,299,039	$5,831,552	$-489,490
2022	$978,561	$1,068,670	$6,221,469	$-90,109
2021	$1,178,368	$1,287,448	$7,193,661	$-109,080
2020	$1,267,315	$1,226,005	$7,541,549	$41,310
2019	$1,374,342	$1,469,708	$7,210,728	$-95,366
2018	$1,389,999	$1,352,220	$6,953,257	$37,779

LICENSED PRACTICAL NURSES WELFARE FUND