COMPOSITION ROOFERS LOCAL #4-WELFARE FUND (EIN 226257695) - 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

1952

Legal Domicile

Principal Officer

ROBERT CRITCHLEY

Phone

9735158500

Tax Period

2023-11-01 to 2024-10-31

COMPOSITION ROOFERS LOCAL #4-WELFARE FUND, founded in 1952, is a community nonprofit in the Mutual Benefit sector that reported $4.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $3.7M left a modest 10% surplus.

Mission

TO PROVIDE HEALTH BENEFITS TO 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 $3,871,515

Investment Income $261,939

Other Revenue $25,456

TOTAL REVENUE $4,158,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $265,077

TOTAL EXPENSES $3,741,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,158,910	$4,529,445	-0.1%
Expenses	$3,741,441	$3,877,893	0.0%
Net Income	$417,469	$651,552	-0.4%

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
CRAIG GIBELLO	TRUSTEE	1.00	Director	$0	$0	$0
BILL TIPTON	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HALL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LABELLA	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD SEMBLER	TRUSTEE	1.00	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
2024	$4,158,910	$3,741,441	$11,028,987	$417,469
2023	$4,529,445	$3,877,893	$9,966,451	$651,552
2022	$4,110,853	$3,428,777	$9,193,426	$682,076
2021	$3,911,353	$3,422,076	$9,542,854	$489,277
2020	$3,880,756	$3,467,188	$8,754,782	$413,568
2019	$4,393,714	$3,251,344	$8,237,997	$1,142,370
2018	$3,852,686	$3,520,655	$6,914,956	$332,031

COMPOSITION ROOFERS LOCAL #4-WELFARE FUND