BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 HEALTH AND WELFARE FUND (EIN 161204213) - 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

1961

Legal Domicile

Principal Officer

RICHARD WILLIAMSON

Phone

7168421318

Tax Period

2024-06-01 to 2025-05-31

BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 HEALTH AND WELFARE FUND, founded in 1961, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 9% surplus.

Mission

TO PROVIDE BENEFITS TO MEMBERS, INCLUDING HEALTH EXPENSE REIMBURSEMENTS, HEALTH, DENTAL, AND VISION INSURANCE PREMIUMS, TUITION REIMBURSEMENT, CHILD CARE REIMBURSEMENT, SUPPLEMENTAL UNEMPLOYMENT, SUPPLEMENTAL WORKERS COMP, SUPPLEMENTAL DISABILITY, SICK PAY AND VACATION 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 $3,955,270

Investment Income $232,698

Other Revenue $45,774

TOTAL REVENUE $4,233,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,036

Fundraising Expenses $0

Other Expenses $108,641

TOTAL EXPENSES $3,857,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,233,742	$3,935,739	+0.1%
Expenses	$3,857,391	$3,860,498	0.0%
Net Income	$376,351	$75,241	+4.0%

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

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

$139,353

Total Directors

$818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW HANRAHAN	TRUSTEE	0.50	Director	$0	$0	$0
FRANK PIETROWSKI	TRUSTEE	0.50	Director	$0	$0	$0
RICHARD WILLIAMSON	TRUSTEE	0.50	Director	$0	$0	$0
PAUL JOHNSON	TRUSTEE	0.25	Director	$0	$0	$0
JAMES LOGAN	TRUSTEE	0.25	Director	$0	$0	$0
KENT RANDLE	TRUSTEE	0.25	Director	$0	$0	$0
MARK SELL	TRUSTEE	0.25	Director	$0	$287	$818
CARMEN O'NEAL	FUNDS ADMINISTRATOR	17.50	Officer	$0	$55,222	$139,353

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	$4,233,742	$3,857,391	$7,145,006	$376,351
2024	$3,935,739	$3,860,498	$6,480,586	$75,241
2023	$4,114,972	$3,374,071	$6,155,564	$740,901
2022	$3,617,236	$3,300,536	$5,526,954	$316,700
2021	$3,342,314	$2,965,062	$5,614,806	$377,252
2020	$3,543,789	$3,599,272	$4,778,483	$-55,483
2019	$4,049,963	$3,808,762	$4,927,956	$241,201

BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL NO 3 HEALTH AND WELFARE FUND