MASON TENDERS' DISTRICT COUNCIL WELFARE FUND

EIN: 135537605 Mutual Benefit

NEW YORK, NY

Total Revenue
$259,159,996
Total Expenses
$233,793,346
Total Assets
$560,422,420
Net Assets
$515,625,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NY
Principal Officer
ANNA GUTSIN
Phone
2124529700
Tax Period
2023-01-01 to 2023-12-31

MASON TENDERS' DISTRICT COUNCIL WELFARE FUND, founded in 1947, is a major nonprofit in the Mutual Benefit sector that reported $259.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $233.8M left a modest 10% surplus.

Mission

THE PURPOSE OF THE PLAN IS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $225,890,481
Investment Income $32,899,674
Other Revenue $369,841
TOTAL REVENUE $259,159,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,378,983
Fundraising Expenses $0
Other Expenses $1,038,124
TOTAL EXPENSES $233,793,346

Year-over-Year Comparison

2023 2022 Change
Revenue $259,159,996 $237,714,463 +0.1%
Expenses $233,793,346 $202,456,569 +0.2%
Net Income $25,366,650 $35,257,894 -0.3%
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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Governance

Voting Members
7
Independent Members
7
Employees
32
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
1
$451,573
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA GUTSIN FUND DIRECTOR 35.00
Officer
$312,154 $139,419 $451,573
VICKRAM MAHADEO ACCOUNTING MANAGER 35.00
Highest
$180,908 $101,358 $282,266
DOMINICK GIAMMONA CONTRIBUTIONS MANAGER 35.00
Highest
$134,677 $87,968 $222,645
OLGA YANKILEVICH WELFARE MANAGER 35.00
Highest
$124,599 $84,640 $209,239
DAVID BOLGER - EFF 0723 UNION TRUSTEE 1.00
Director
$0 $0 $0
PAWEL GRUCHACZ UNION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL HELLSTROM UNION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PROHASKA UNION TRUSTEE 1.00
Director
$0 $0 $0
CHAZ RYNKIEWICZ - THRU 0723 UNION TRUSTEE 1.00
Director
$0 $0 $0
CHAZ RYNKIEWICZ - EFF 0723 ALT UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN O'HARE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
SALVATORE J DILORENZO EMPLOYER TRUSTEE - THRU 11/23 1.00
Director
$0 $0 $0
NICHOLAS GRECCO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOHN VIRGA EMPLOYER 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 $259,159,996 $233,793,346 $560,422,420 $25,366,650
2022 $237,714,463 $202,456,569 $517,722,901 $35,257,894
2021 $219,410,889 $229,409,401 $554,983,709 $-9,998,512
2020 $188,065,148 $204,800,345 $542,643,674 $-16,735,197
2019 $239,583,752 $213,478,120 $526,874,379 $26,105,632
2018 $240,666,870 $194,949,654 $452,588,381 $45,717,216
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