COMMUNICATION WORKERS OF AMERICA WELFARE FUND (EIN 226298153) - 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

1976

Legal Domicile

Principal Officer

ANTHONY SPINA

Phone

7184441109

Tax Period

2023-10-01 to 2024-09-30

COMMUNICATION WORKERS OF AMERICA WELFARE FUND, founded in 1976, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $472K, a strong 19% operating margin.

Mission

WELFARE BENEFITS FOR MEMBERS

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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 $2,475,764

Investment Income $17,433

Other Revenue $0

TOTAL REVENUE $2,493,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,604

Fundraising Expenses $0

Program Expenses $2,020,952

Other Expenses $208,073

TOTAL EXPENSES $2,020,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,493,197	$2,637,612	-0.1%
Expenses	$2,020,952	$1,523,153	+0.3%
Net Income	$472,245	$1,114,459	-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
JOHN HEANING	EMPLOYER TRUSTEE	10.00	Director	$0	$0	$0
ROBERT LOVEJOY	EMPLOYER TRUSTEE	10.00	Director	$0	$0	$0
ANTHONY SPINA	PRESIDENT	10.00	Officer	$0	$0	$0
JOE IORIO	SECRETARY TREASURER	10.00	Officer	$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	$2,493,197	$2,020,952	$2,555,684	$472,245
2023	$2,637,612	$1,523,153	$1,988,931	$1,114,459
2022	$3,165,411	$3,932,814	$1,344,831	$-767,403
2021	$4,522,058	$4,895,963	$2,312,183	$-373,905
2020	$4,252,398	$4,509,557	$2,193,559	$-257,159
2019	$4,028,255	$4,692,842	$3,273,344	$-664,587
2018	$3,017,318	$3,606,136	$3,568,765	$-588,818

COMMUNICATION WORKERS OF AMERICA WELFARE FUND