HEALTH & WELFARE FUND OF LOCAL UNION 373 UA (EIN 133593163) - 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

1991

Legal Domicile

Principal Officer

THOMAS GANDOLFINI LABOR

Phone

8455349522

Tax Period

2023-01-01 to 2023-12-31

HEALTH & WELFARE FUND OF LOCAL UNION 373 UA, founded in 1991, is a community nonprofit in the Health Care sector that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $7.8M left a modest 7% surplus.

Mission

PROVIDE HEALTH AND 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 $7,581,888

Investment Income $375,545

Other Revenue $435,394

TOTAL REVENUE $8,392,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,199

Fundraising Expenses $0

Other Expenses $210,309

TOTAL EXPENSES $7,820,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,392,827	$6,594,244	+0.3%
Expenses	$7,820,480	$6,084,467	+0.3%
Net Income	$572,347	$509,777	+0.1%

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

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

$262,144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KEMPTON	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DANA MOSHIER	LABOR TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL BEWICK	LABOR TRUSTEE	1.00	Director	$0	$0	$0
KANE ARMISTEAD	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ROTH	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
RICHARD PFORTE	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ROBERT AMBROSETTI	LABOR TRUSTEE	1.00	Director	$0	$10,180	$23,018
TIMOTHY HAUSER	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
THOMAS GANDOLFINI	LABOR TRUSTEE	1.00	Director	$0	$104,997	$239,126
JAMES ESTABROOK ESQ	MANAGEMENT TRUSTEE	1.00	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	$8,392,827	$7,820,480	$14,948,259	$572,347
2022	$6,594,244	$6,084,467	$12,681,834	$509,777
2021	$6,201,187	$5,305,079	$13,627,020	$896,108
2020	$5,930,332	$5,380,612	$13,276,151	$549,720
2019	$6,382,966	$6,539,704	$11,214,715	$-156,738
2018	$7,453,278	$7,341,942	$11,240,382	$111,336

HEALTH & WELFARE FUND OF LOCAL UNION 373 UA