NJBLS WELFARE FUND (EIN 221764453) - 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

1965

Legal Domicile

Phone

2019630633

Tax Period

2023-01-01 to 2023-12-31

NJBLS WELFARE FUND, founded in 1965, is a mid-sized nonprofit that reported $44.4M in total revenue in fiscal year 2023. Expenses of $40.9M left a modest 8% surplus.

Mission

PROVIDE HEALTH AND OTHER BENEFITS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,767,353

Investment Income $2,590,983

Other Revenue $9,528

TOTAL REVENUE $44,367,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,086,177

Fundraising Expenses $0

Other Expenses $-628,510

TOTAL EXPENSES $40,945,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,367,864	$45,310,061	0.0%
Expenses	$40,945,063	$37,709,691	+0.1%
Net Income	$3,422,801	$7,600,370	-0.5%

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

$321,287

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E HELLSTROM	CO-CHAIRMAN	1.00	Director	$0	$0	$0
JACK KOCSIS	CO-CHAIRMAN	1.00	Director	$0	$0	$0
ROBERT GARIEPY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FITZPATRICK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CARL E STYLES	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH GIORDANO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
PHIL PRICSO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
PAUL ROLDAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER CUPO	UNION TRUSTEE	1.00	Director	$0	$0	$0
BRYAN HALFEN	UNION TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA PETERSON-MITCHELL	FUND ADMIN	17.00	Officer	$257,259	$64,028	$321,287
KIMBERLY KEMPLE	COLLECTIONS MGR	15.00	Highest	$177,438	$64,028	$241,466
SUSAN DOMINGUEZ	SENIOR ANALYST	15.00	Highest	$117,798	$64,028	$181,826
MARITZA PEREZ	EXECUTIVE ASSISTANT	17.00	Highest	$100,639	$64,028	$164,667

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	$44,367,864	$40,945,063	$116,568,226	$3,422,801
2022	$45,310,061	$37,709,691	$109,082,418	$7,600,370
2021	$43,109,332	$46,342,137	$110,871,064	$-3,232,805
2020	$42,193,271	$38,390,904	$108,198,197	$3,802,367
2019	$48,976,223	$43,636,405	$105,913,819	$5,339,818
2018	$46,304,385	$41,267,646	$95,416,838	$5,036,739

NJBLS WELFARE FUND