MASON TENDERS' DISTRICT COUNCIL WE… - Form 990 Financial Data

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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

1947

Legal Domicile

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.

Program Service Accomplishments

Program 1

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%)

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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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

$451,573

Total Directors

Key Employees

Highest Compensated

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

MASON TENDERS' DISTRICT COUNCIL WELFARE FUND