PUBLISHERS' - PRESSMENS' WELFARE FUND BOARD OF TRUSTEES (EIN 136116945) - 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

1954

Legal Domicile

Principal Officer

JOHN HEFFERNAN

Phone

5163339010

Tax Period

2024-04-01 to 2025-03-31

PUBLISHERS' - PRESSMENS' WELFARE FUND BOARD OF TRUSTEES, founded in 1954, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $640K exceeded revenue, resulting in a 484% operating deficit.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER WELFARE BENEFITS TO ELIGIBLE EMPLOYEES OF EMPLOYERS HAVING COLLECTIVE BARGAINING AGREEMENTS WITH THE NEW YORK PRINTING PRESSMEN'S UNION NO. 2, WHICH REPRESENTS PRESSMAN WORKERS EMPLOYED IN THE NEW YORK METROPOLITAN AREA.

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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 $8,745

Investment Income $100,829

Other Revenue $0

TOTAL REVENUE $109,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $189,768

TOTAL EXPENSES $639,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,574	$243,070	-0.5%
Expenses	$639,549	$450,283	+0.4%
Net Income	$-529,975	$-207,213	+1.6%

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

N/A

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

$309,074

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH DALY	UNION TRUSTEE	2.00	Director	$0	$0	$0
JOHN HEFFERNAN	UNION TRUSTEE	2.00	Director	$0	$32,287	$174,864
ANDREW GUTTERMAN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL TORTORA	UNION TRUSTEE	2.00	Director	$0	$32,287	$134,210
TONI MARTINEZ	EMPLOYER TRUSTEE	2.00	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
2025	$109,574	$639,549	$688,093	$-529,975
2024	$243,070	$450,283	$1,271,260	$-207,213
2023	$76,703	$701,811	$1,437,779	$-625,108
2022	$2,046,848	$3,840,579	$2,262,116	$-1,793,731
2021	$4,932,911	$7,155,595	$4,472,834	$-2,222,684
2020	$5,552,229	$8,031,395	$6,484,643	$-2,479,166
2019	$5,816,165	$7,236,955	$9,217,661	$-1,420,790
2018	$5,367,846	$7,329,480	$10,546,407	$-1,961,634

PUBLISHERS' - PRESSMENS' WELFARE FUND BOARD OF TRUSTEES