LOCAL 272 WELFARE FUND (EIN 135555808) - 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

1951

Legal Domicile

Principal Officer

FRED ALSTON

Phone

2127269730

Tax Period

2023-12-01 to 2024-11-30

LOCAL 272 WELFARE FUND, founded in 1951, is a mid-sized nonprofit that reported $38.2M in total revenue in fiscal year 2023. Expenses of $32.6M left a modest 15% surplus.

Mission

TO PROVIDE HEALTH AND RELATED BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.

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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 $36,580,877

Investment Income $1,647,096

Other Revenue $0

TOTAL REVENUE $38,227,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,150,421

Fundraising Expenses $0

Other Expenses $1,363,748

TOTAL EXPENSES $32,642,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,227,973	$35,864,581	+0.1%
Expenses	$32,642,114	$29,071,451	+0.1%
Net Income	$5,585,859	$6,793,130	-0.2%

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

$430,909

Total Directors

$893,363

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED ALSTON	TRUSTEE	5.00	Director	$0	$31,285	$303,105
EDDIE RIVERA	TRUSTEE	5.00	Director	$0	$29,465	$292,485
JOSE ROJAS	TRUSTEE	5.00	Director	$0	$29,153	$297,773
GORDON HAMM	TRUSTEE	2.00	Director	$0	$0	$0
LANCE HOWARD	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH ROSENBLATT	TRUSTEE	2.00	Director	$0	$0	$0
MARC A GOODMAN	FUND MANAGER	30.00	Officer	$407,430	$23,479	$430,909
MARIA BANCHS	ASSIST. FUND MANAGER	20.00	Highest	$212,718	$23,479	$236,197
CAROLYN ECHOLS	CLAIM EXAMINER	40.00	Highest	$135,580	$23,479	$159,059

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	$38,227,973	$32,634,341	$50,261,786	$5,593,632
2024	$38,227,973	$32,642,114	$50,261,785	$5,585,859
2023	$35,864,581	$29,071,451	$42,476,869	$6,793,130
2022	$34,791,395	$21,873,676	$33,709,724	$12,917,719
2021	$31,834,962	$26,010,236	$23,483,086	$5,824,726
2021	$32,171,982	$27,363,827	$22,843,500	$4,808,155
2020	$31,184,640	$27,260,694	$17,500,828	$3,923,946
2020	$31,184,640	$27,644,079	$17,500,828	$3,540,561
2019	$37,593,159	$31,968,123	$14,680,173	$5,625,036
2019	$37,155,759	$33,240,887	$13,631,610	$3,914,872
2018	$32,271,893	$33,668,281	$9,542,198	$-1,396,388
2017	$29,010,871	$28,164,663	$9,168,689	$846,208

LOCAL 272 WELFARE FUND