LABORERS LOCAL NO 91 WELFARE FUND (EIN 160776158) - 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

1972

Legal Domicile

Principal Officer

WILLIAM GRACE

Phone

7162976001

Tax Period

2024-06-01 to 2025-05-31

LABORERS LOCAL NO 91 WELFARE FUND, founded in 1972, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $731K, a strong 18% operating margin.

Mission

TO PROVIDE PARTICIPANTS WITH HEALTH AND WELFARE BENEFITS.

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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 $3,825,605

Investment Income $246,461

Other Revenue $14,629

TOTAL REVENUE $4,086,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,052

Fundraising Expenses $0

Other Expenses $207,445

TOTAL EXPENSES $3,356,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,086,695	$3,474,809	+0.2%
Expenses	$3,356,103	$3,098,328	+0.1%
Net Income	$730,592	$376,481	+0.9%

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

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

$213,332

Total Directors

$535,895

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PALLADINO	TRUSTEE	4.00	Director	$0	$122,825	$278,036
RANDY PALLADINO	TRUSTEE	4.00	Director	$18,945	$108,823	$247,864
WILLIAM GRACE	ADMINISTRATO	19.00	Officer	$95,912	$105,508	$213,332
MARIO NERI	TRUSTEE	4.00	Director	$0	$0	$9,995
TOM CEFALU	TRUSTEE	0.00	Director	$0	$0	$0
ANTHONY CIMATO	TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL MCLAUGHLIN	TRUSTEE	0.00	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	$4,086,695	$3,356,103	$7,513,092	$730,592
2024	$3,474,809	$3,098,328	$6,717,919	$376,481
2023	$3,773,072	$3,253,948	$6,042,996	$519,124
2022	$3,805,753	$3,327,913	$5,622,167	$477,840
2021	$3,265,778	$3,263,469	$5,448,257	$2,309
2020	$4,151,569	$3,668,699	$5,142,117	$482,870
2019	$3,988,164	$3,529,465	$4,640,069	$458,699
2018	$4,157,176	$3,682,211	$4,047,945	$474,965

LABORERS LOCAL NO 91 WELFARE FUND