MATERIAL YARD WORKERS LOCAL 1175 WELFARE FUND (EIN 135679400) - 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

1956

Legal Domicile

Principal Officer

DOMINIC VALDNER

Phone

7183926660

Tax Period

2024-01-01 to 2024-12-31

MATERIAL YARD WORKERS LOCAL 1175 WELFARE FUND, founded in 1956, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.6M left a modest 13% surplus.

Mission

TO PROVIDE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,234,428

Investment Income $60,140

Other Revenue $837

TOTAL REVENUE $5,295,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,836

Fundraising Expenses $0

Other Expenses $22,803

TOTAL EXPENSES $4,604,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,295,405	$4,663,588	+0.1%
Expenses	$4,604,526	$4,800,148	0.0%
Net Income	$690,879	$-136,560	-6.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIC VALDNER	TRUSTEE	2.00	Director	$0	$0	$0
MARK ROSEN	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH GRECO JR	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH TODARO	TRUSTEE	2.00	Director	$0	$0	$0
CONNIE HENRY	PLAN ADMINISTRATOR	40.00	Highest	$156,422	$90,153	$246,575

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	$5,295,405	$4,604,526	$3,548,509	$690,879
2023	$4,663,588	$4,800,148	$2,823,379	$-136,560
2022	$4,222,168	$4,162,311	$2,374,234	$59,857
2021	$3,743,848	$3,957,905	$2,629,000	$-214,057
2020	$3,680,820	$3,739,569	$2,811,694	$-58,749
2019	$3,636,461	$3,514,437	$2,816,286	$122,024
2018	$3,442,148	$3,381,169	$2,587,923	$60,979

MATERIAL YARD WORKERS LOCAL 1175 WELFARE FUND