LOCAL 306 WELFARE FUND FOR MUNICIP… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

MICHAEL FEWX

Phone

5163965503

Tax Period

2024-07-01 to 2025-06-30

LOCAL 306 WELFARE FUND FOR MUNICIPAL EMP C/O ADMINISTRATIVE SERVICES ONLY INC, founded in 1971, is a small nonprofit that reported $155K in total revenue in fiscal year 2024. Expenses of $148K left a modest 4% surplus.

Mission

PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEEMENTS.

Program Service Accomplishments

Program 1

PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WHO ARE COVERED BY COLLECTIVE BARGAINING AGREEEMENTS.

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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 $144,236

Investment Income $10,314

Other Revenue $0

TOTAL REVENUE $154,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $33,345

TOTAL EXPENSES $147,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,550	$143,889	+0.1%
Expenses	$147,707	$122,951	+0.2%
Net Income	$6,843	$20,938	-0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FEWX	TRUSTEE	0.20	Director	$0	$0	$0
CHARLES OLIVA	TRUSTEE	0.20	Director	$0	$0	$0
JOSEPH RIVIERZO	TRUSTEE	0.20	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	$154,550	$147,707	$587,669	$6,843
2024	$143,889	$122,951	$579,226	$20,938
2023	$149,117	$122,701	$562,488	$26,416
2022	$147,680	$122,045	$542,207	$25,635
2021	$149,257	$109,069	$503,237	$40,188

LOCAL 306 WELFARE FUND FOR MUNICIPAL EMP C/O ADMINISTRATIVE SERVICES ONLY INC