ALLIED BUILDING INSPECTORS LOCAL UNION NO 211 IUOE WELFARE FUND (EIN 136192272) - 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

1965

Legal Domicile

Phone

2122332690

Tax Period

2024-01-01 to 2024-12-31

ALLIED BUILDING INSPECTORS LOCAL UNION NO 211 IUOE WELFARE FUND, founded in 1965, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $519K, a strong 20% operating margin.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,905,278

Investment Income $674,753

Other Revenue $0

TOTAL REVENUE $2,580,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $389,619

TOTAL EXPENSES $2,060,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,580,031	$2,095,012	+0.2%
Expenses	$2,060,579	$1,745,985	+0.2%
Net Income	$519,452	$349,027	+0.5%

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

$147,537

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR CUNDY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MURPHY	TRUSTEE	1.00	Director	$0	$0	$1,650
RICHARD BALDWIN	TRUSTEE	1.00	Director	$0	$0	$1,800
MATTHEW GUGLIOTTA	CHAIRMAN	1.00	Director	$0	$25,660	$142,587
KENZA KIM ERMAN	TRUSTEE	1.00	Director	$0	$0	$1,500

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	$2,580,031	$2,060,579	$17,721,757	$519,452
2023	$2,095,012	$1,745,985	$16,464,385	$349,027
2022	$2,465,425	$1,565,344	$14,999,445	$900,081
2021	$2,900,421	$1,351,370	$15,614,982	$1,549,051
2020	$2,405,604	$1,510,281	$13,527,592	$895,323
2019	$2,749,417	$2,029,507	$12,255,853	$719,910
2018	$2,613,147	$1,668,835	$10,407,455	$944,312

ALLIED BUILDING INSPECTORS LOCAL UNION NO 211 IUOE WELFARE FUND