CEMENT MASONS LOCAL NO 111 HEALTH & WELFARE FUND (EIN 166095037) - 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

1967

Legal Domicile

Principal Officer

JAMES C LOGAN

Phone

7166951494

Tax Period

2023-09-01 to 2024-08-31

CEMENT MASONS LOCAL NO 111 HEALTH & WELFARE FUND, founded in 1967, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. The organization ran a surplus of $631K, a strong 22% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS OF CEMENT MASONS LOCAL NO. 111

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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 $2,636,295

Investment Income $291,374

Other Revenue $0

TOTAL REVENUE $2,927,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,692

Fundraising Expenses $0

Program Expenses $2,042,860

Other Expenses $225,236

TOTAL EXPENSES $2,296,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,927,669	$2,971,492	0.0%
Expenses	$2,296,788	$2,362,317	0.0%
Net Income	$630,881	$609,175	+0.0%

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

$84,968

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SABUDA	UNION TRUSTEE	1.00	Director	$0	$0	$0
SALVATORE NASCA	UNION TRUSTEE	1.00	Director	$0	$0	$0
JAMES C LOGAN	CONTRACTOR TRUSTEE	1.00	Director	$0	$0	$0
ANGELO MASSARO	CONTRACTOR TRUSTEE	1.00	Director	$0	$0	$0
KAREN MCKERNAN	FUND ADMINISTRATOR/TRUSTEE	20.00	Officer	$0	$19,162	$84,968

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	$2,927,669	$2,296,788	$8,711,414	$630,881
2023	$2,971,492	$2,362,317	$7,488,452	$609,175
2022	$3,056,230	$2,273,777	$6,764,425	$782,453
2021	$2,687,381	$2,156,999	$7,040,499	$530,382
2020	$2,665,773	$2,271,955	$6,079,661	$393,818
2019	$2,668,214	$2,209,910	$5,752,576	$458,304
2018	$2,704,580	$2,143,350	$5,560,893	$561,230

CEMENT MASONS LOCAL NO 111 HEALTH & WELFARE FUND