BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL 5 NEW YORK WELFARE FUND (EIN 146022899) - 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

1949

Legal Domicile

Principal Officer

MICHAEL CLIFFORD

Phone

7184595800

Tax Period

2024-01-01 to 2024-12-31

BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL 5 NEW YORK WELFARE FUND, founded in 1949, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 10% surplus.

Mission

HEALTH CARE COVERAGE

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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 $2,404,086

Investment Income $593,609

Other Revenue $0

TOTAL REVENUE $2,997,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $562,385

TOTAL EXPENSES $2,703,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,997,695	$3,062,403	0.0%
Expenses	$2,703,176	$3,764,421	-0.3%
Net Income	$294,519	$-702,018	-1.4%

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
ALAN SEIDMAN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CLIFFORD	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID WILLIAMS	UNION TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW PEPE	EMPLOYER TRUSTEE	1.00	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
2024	$2,997,695	$2,703,176	$10,312,550	$294,519
2023	$3,062,403	$3,764,421	$10,243,796	$-702,018
2022	$2,854,799	$2,479,343	$9,570,478	$375,456
2021	$2,782,182	$3,717,795	$10,449,256	$-935,613
2020	$2,783,603	$2,612,465	$11,085,653	$171,138
2019	$2,705,686	$3,323,002	$10,205,635	$-617,316
2018	$3,075,454	$2,911,805	$10,214,235	$163,649

BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL 5 NEW YORK WELFARE FUND