ROOFERS LOCAL NO 74203 WELFARE TRUST FUND

EIN: 160836163

WEST SENECA, NY

Total Revenue
$5,430,899
Total Expenses
$6,691,083
Total Assets
$7,077,078
Net Assets
$7,071,197
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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
1958
Legal Domicile
NY
Principal Officer
LUKE BAECKER
Phone
7168280488
Tax Period
2024-07-01 to 2025-06-30

ROOFERS LOCAL NO 74203 WELFARE TRUST FUND, founded in 1958, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

THE FUND PROVIDED MEDICAL BENEFITS TO MEMBERS, INCLUDING HEALTH, MEDICAL EXPENSE REIMBURSEMENT, DISABILITY, DEATH BENEFITS AND DENTAL AND VISION COVERAGE 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,430,644
Investment Income $653,712
Other Revenue $346,543
TOTAL REVENUE $5,430,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,543
Fundraising Expenses $0
Other Expenses $292,901
TOTAL EXPENSES $6,691,083

Year-over-Year Comparison

2024 2023 Change
Revenue $5,430,899 $4,771,660 +0.1%
Expenses $6,691,083 $4,868,460 +0.4%
Net Income $-1,260,184 $-96,800 +12.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
4
Employees
5
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
1
$119,241
Total Directors
8
$419,480
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DOYLE UNION TRUSTE 2.00
Director
$0 $59,884 $173,351
MARK CARPENTER UNION TRUSTE 2.00
Director
$0 $54,470 $132,448
LUKE BAECKER FUND ADMINIS 18.00
Officer
$100,964 $18,277 $119,241
PHILIP LESTER UNION TRUSTE 2.00
Director
$0 $45,689 $109,245
SEAN BERNAS UNION TRUSTE 2.00
Director
$3,556 $565 $4,436
BRIAN BABCOCK EMPLOYER TRU 2.00
Director
$0 $0 $0
PATRICK BYRNE CHAIRMAN/EMP 2.00
Director
$0 $0 $0
JEFF EMBOW EMPLOYER TRU 2.00
Director
$0 $0 $0
WENDY SANDERS EMPLOYER TRU 2.00
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 $5,430,899 $6,691,083 $7,077,078 $-1,260,184
2024 $4,771,660 $4,868,460 $8,289,815 $-96,800
2023 $3,884,084 $3,244,689 $7,859,964 $639,395
2022 $3,579,447 $3,882,605 $7,060,643 $-303,158
2021 $4,221,440 $4,898,319 $8,874,704 $-676,879
2020 $3,685,811 $4,258,365 $8,760,778 $-572,554
2019 $3,680,388 $3,783,715 $9,502,475 $-103,327
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