STEELWORKERS HEALTH & WELFARE FUND (EIN 231317409) - 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

1944

Legal Domicile

Principal Officer

DIANE PICKLE

Phone

4125622279

Tax Period

2023-01-01 to 2023-12-31

STEELWORKERS HEALTH & WELFARE FUND, founded in 1944, is a major nonprofit that reported $885.0M in total revenue in fiscal year 2023. Expenses of $850.0M left a modest 4% surplus.

Mission

To provide cost effective, quality benefit plan options for Steelworker members, retirees and their families PURSUANT TO COLLECTIVE BARGAINING AGREEEMENTS.

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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 $881,884,783

Investment Income $2,929,164

Other Revenue $182,244

TOTAL REVENUE $884,996,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,755

Fundraising Expenses $0

Other Expenses $16,208,632

TOTAL EXPENSES $850,045,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$884,996,191	$828,910,195	+0.1%
Expenses	$850,045,846	$821,038,019	+0.0%
Net Income	$34,950,345	$7,872,176	+3.4%

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

N/A

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

$148,816

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE PICKLE	EXECUTIVE DIRECTOR	35.0	Officer	$137,158	$11,658	$148,816
DAVID MCCALL	CHAIRMAN	1.0	Officer Director	$0	$0	$0
MAURICE COBB	TRUSTEE	1.0	Director	$0	$0	$0
DANIEL FLIPPO	TRUSTEE	1.0	Director	$0	$0	$0
ANN FLENER-GITTLEN	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN MAPP	TRUSTEE	1.0	Director	$0	$0	$0
AMBER MILLER	TRUSTEE	1.0	Director	$0	$0	$0
PETE TRINIDAD	TRUSTEE	1.0	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	$884,996,191	$850,045,846	$105,803,367	$34,950,345
2022	$828,910,195	$821,038,019	$67,283,434	$7,872,176
2021	$820,594,262	$814,533,021	$75,759,538	$6,061,241
2020	$804,560,312	$799,752,174	$69,474,027	$4,808,138
2019	$818,745,391	$820,253,254	$60,328,641	$-1,507,863
2018	$817,263,936	$810,438,114	$57,369,857	$6,825,822

STEELWORKERS HEALTH & WELFARE FUND