BOARD OF TRUSTEES CARPENTERS' HEALTH & WELFARE FUND OF PHILADELPHIA & VICINITY

EIN: 231574984

PHILADELPHIA, PA

Total Revenue
$88,045,752
Total Expenses
$87,190,610
Total Assets
N/A
Net Assets
N/A
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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
1960
Legal Domicile
PA
Principal Officer
WILLIAM SPROULE
Phone
2155680430
Tax Period
2022-05-01 to 2022-12-31

BOARD OF TRUSTEES CARPENTERS' HEALTH & WELFARE FUND OF PHILADELPHIA & VICINITY, founded in 1960, is a mid-sized nonprofit that reported $88.0M in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

THE CARPENTERS' HEALTH AND WELFARE FUND OF PHILADELPHIA AND VICINITY (THE PLAN) PROVIDES HEALTH AND OTHER BENEFITS TO ELIGIBLE MEMBERS OF METROPOLITAN REGIONAL COUNCIL OF PHILADELPHIA AND VICINITY OF THE UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA WHICH REPRESENTS CARPENTERS EMPLOYED PRIMARILY IN SOUTHEASTERN PENNSYLVANIA.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $84,114,201
Investment Income $3,614,380
Other Revenue $317,171
TOTAL REVENUE $88,045,752

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,476,185
Fundraising Expenses $0
Other Expenses $1,838,548
TOTAL EXPENSES $87,190,610

Year-over-Year Comparison

2022 2021 Change
Revenue $88,045,752 $129,770,431 -0.3%
Expenses $87,190,610 $126,299,095 -0.3%
Net Income $855,142 $3,471,336 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
7
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
0
$0
Total Directors
10
$1,053,889
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM SPROULE LABOR TRUSTEE CO-CHAIR 2.00
Director
$0 $0 $402,177
PHILIP RADOMSKI MGMT TRUSTEE CO-CHAIR 2.00
Director
$0 $0 $0
ANTHONY ABRANTES LABOR TRUSTEE 2.00
Director
$0 $0 $288,000
JAMES HOCKER LABOR TRUSTEE 2.00
Director
$0 $0 $195,058
MICHAEL MORROW LABOR TRUSTEE 2.00
Director
$0 $0 $168,654
FRANK LUTTER MGMT TRUSTEE 2.00
Director
$0 $0 $0
JAMES R DAVIS MGMT TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH CLEARKIN MGMT TRUSTEE 2.00
Director
$0 $0 $0
JACK HEALY MGMT TRUSTEE 2.00
Director
$0 $0 $0
BENJAMIN J CONNORS MGMT TRUSTEE 2.00
Director
$0 $0 $0
PETE TONIA EXECUTIVE FUND DIRECTOR 18.00
Highest
$178,941 $156,747 $477,258
JOSEPH OBUCHOWICZ FUND DIRECTOR 18.00
Highest
$140,098 $119,558 $351,854
RYAN SICA CONTOLLER 16.00
Highest
$93,204 $98,128 $272,114
MICHAEL WAGNER FUND EMPLOYEE 36.00
Highest
$95,047 $78,081 $202,504
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
2022 $129,770,431 $126,299,095 $502,024,693 $3,471,336
2022 $88,045,752 $87,190,610 No data $855,142
2021 $133,720,722 $112,226,987 $507,387,795 $21,493,735
2020 $139,835,365 $120,982,417 $458,301,832 $18,852,948
2019 $147,923,116 $104,595,888 $445,523,440 $43,327,228
2019 $147,923,116 $104,595,888 $445,523,440 $43,327,228
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