LABORERS LOCAL 785 HEALTH & WELFARE TRUST (EIN 166054286) - 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

KASEY EIKLOR

Phone

6072773081

Tax Period

2023-01-01 to 2023-12-31

LABORERS LOCAL 785 HEALTH & WELFARE TRUST, founded in 1961, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Net assets of $10.6M represent 26 months of operating reserves.

Mission

THE PLAN IS A MULTIEMPLOYER DEFINED BENEFIT WELFARE PLAN THAT PROVIDES HEALTH, LIFE, DENTAL, OPTICAL, CHIROPRACTICE AND ACUPUNCTURE BENEFITS COVERING ELIGIBLE MEMBERS OF THE LABORERS LOCAL 785.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,640,060

Investment Income $186,679

Other Revenue $22,240

TOTAL REVENUE $4,848,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,222

Fundraising Expenses $0

Other Expenses $494,250

TOTAL EXPENSES $5,009,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,848,979	$4,557,534	+0.1%
Expenses	$5,009,452	$4,974,635	+0.0%
Net Income	$-160,473	$-417,101	-0.6%

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
DANIEL NORTON	TRUSTEE	0.50	Officer Director	$0	$0	$0
JOHN HEALY	TRUSTEE	0.50	Director	$0	$0	$0
KASEY EIKLOR	TRUSTEE	4.00	Officer Director	$0	$0	$0
BRADLEY P WALTERS	TRUSTEE	0.50	Director	$0	$0	$0
FRANK E JONES JR	TRUSTEE	0.50	Director	$0	$0	$0
JAY F NIEDZIALKOWSKI	TRUSTEE	0.50	Director	$0	$0	$0
CHARLES HOLLISTER	TRUSTEE	0.50	Director	$0	$0	$0
DENNIS SHEAHAN	TRUSTEE	0.50	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	No data	No data	No data	No data
2023	$4,848,979	$5,009,452	$11,070,030	$-160,473
2022	$4,557,534	$4,974,635	$10,275,350	$-417,101
2021	$5,197,487	$5,818,137	$12,043,984	$-620,650
2020	$5,832,425	$5,451,465	$12,410,263	$380,960
2019	$6,019,425	$5,205,414	$12,543,908	$814,011

LABORERS LOCAL 785 HEALTH & WELFARE TRUST