CEMENT AND CONCRETE WORKERS DC WELFARE FUND (EIN 135542693) - 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

1949

Legal Domicile

Principal Officer

CHRISTINA MADERICH

Phone

7187626133

Tax Period

2023-01-01 to 2023-12-31

CEMENT AND CONCRETE WORKERS DC WELFARE FUND, founded in 1949, is a mid-sized nonprofit in the Employment sector that reported $25.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $37.5M exceeded revenue, resulting in a 45% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,602,604

Investment Income $4,914,020

Other Revenue $389,309

TOTAL REVENUE $25,905,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,379,409

Fundraising Expenses $0

Other Expenses $431,470

TOTAL EXPENSES $37,536,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,905,933	$23,284,267	+0.1%
Expenses	$37,536,201	$34,553,735	+0.1%
Net Income	$-11,630,268	$-11,269,468	+0.0%

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

$292,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO ANGELONE	UNION TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SALGO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ERIC LEE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY AMELLA	UNION TRUSTEE	1.00	Director	$0	$0	$0
KIERAN O'SULLIVAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOHN PETERS	UNION TRUSTEE	1.00	Director	$0	$0	$0
KEVIN O'BRIEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MITRIONE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ABBY KAPLAN	INTERIM FUND ADMINISTRATOR	7.00	Officer	$218,169	$74,367	$292,536
JESSICA SCHIPPELL	PEN FD MGR	0.00	Highest	$100,440	$40,874	$141,314
ALEXA ANGELONE	EMPLOYEE	13.00	Highest	$132,476	$47,679	$180,155

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	$25,905,933	$37,536,201	$80,647,433	$-11,630,268
2022	$23,284,267	$34,553,735	$89,661,297	$-11,269,468
2021	$34,540,506	$37,758,131	$115,712,146	$-3,217,625
2020	$26,974,249	$36,854,931	$115,159,029	$-9,880,682
2019	$39,163,367	$38,444,874	$116,121,628	$718,493
2018	$34,318,844	$37,666,603	$114,605,489	$-3,347,759

CEMENT AND CONCRETE WORKERS DC WELFARE FUND