ASBESTOS WORKERS SYRACUSE WELFARE … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

JAMES LISTER

Phone

3154241809

Tax Period

2023-01-01 to 2023-12-31

ASBESTOS WORKERS SYRACUSE WELFARE FUND, founded in 1952, is a small nonprofit that reported $999K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $949K left a modest 5% surplus.

Mission

TO PROVIDE PARTICIPANTS OR THEIR BENEFICIARIES WITH LIFE, SICKNESS, ACCIDENT AND OTHER BENEFITS.

Program Service Accomplishments

Program 1

TO PROVIDE PARTICIPANTS OR THEIR BENEFICIARIES WITH LIFE, SICKNESS, ACCIDENT AND OTHER BENEFITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $936,480

Investment Income $62,200

Other Revenue $0

TOTAL REVENUE $998,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $132,248

TOTAL EXPENSES $948,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$998,680	$1,222,940	-0.2%
Expenses	$948,553	$881,034	+0.1%
Net Income	$50,127	$341,906	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$33,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL RUGGIO	UNION TRUSTEE	0.10	Director	$0	$0	$0
RICHARD MULLEN	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
MARK SABERT	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
THOMAS CLARK	UNION TRUSTEE, CHAIRMAN	0.10	Officer Director	$0	$0	$0
DONNA THOMAS	FUND MANAGER	14.00	Officer	$0	$0	$33,566

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	No data	No data	No data	No data
2023	$998,680	$948,553	$2,565,303	$50,127
2022	$1,222,940	$881,034	$2,363,011	$341,906
2021	$1,189,347	$831,224	$2,338,659	$358,123
2020	$958,727	$781,932	$1,956,361	$176,795
2019	$749,549	$724,139	$1,673,515	$25,410
2018	$857,217	$719,272	$1,516,329	$137,945

ASBESTOS WORKERS SYRACUSE WELFARE FUND