LOCAL 14-M HEALTH AND WELFARE FUND

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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

1949

Legal Domicile

Principal Officer

LINDE SHAW

Phone

2157393190

Tax Period

2024-05-01 to 2025-04-30

LOCAL 14-M HEALTH AND WELFARE FUND, founded in 1949, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $3.6M left a modest 10% surplus.

Mission

THE PLAN PROVIDES MEDICAL, HOSPITAL, DENTAL, VISION AND PRESCRIPTION BENEFITS TO ACTIVE MEMBERS AND THEIR DEPENDENTS. THE PLAN PROVIDES LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS AND DISABILITY INCOME TO ACTIVE MEMBERS.

Program Service Accomplishments

Program 1

THE FUND PROVIDES MEDICAL, HOSPITAL, DENTAL, VISION, PRESCRIPTION, ACCIDENTAL DEATH AND DISMEMBERMENT AND LIFE INSURANCE BENEFITS FOR APPROXIMATELY 181 ACTIVE AND RETIRED 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,638,916

Investment Income $346,434

Other Revenue $0

TOTAL REVENUE $3,985,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,653

Fundraising Expenses $0

Other Expenses $130,931

TOTAL EXPENSES $3,571,026

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,985,350	$4,280,649	-0.1%
Expenses	$3,571,026	$4,054,003	-0.1%
Net Income	$414,324	$226,646	+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

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

$105,751

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDE SHAW	UNION TRUSTEE	2.00	Director	$0	$8,620	$105,751
ROBERT COHEN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JON FISCHER	EMPLOYER TRUSTEE (P)	2.00	Director	$0	$0	$0
KURT FREEMAN	UNION TRUSTEE	2.00	Director	$0	$0	$0
SUSAN PICKFORD	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN POTTS	UNION TRUSTEE	2.00	Director	$0	$0	$0
DAVID SALTER	EMPLOYER TRUSTEE	2.00	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
2025	$3,985,350	$3,571,026	$8,273,261	$414,324
2024	$4,280,649	$4,054,003	$7,788,679	$226,646
2023	$4,221,086	$3,739,201	$7,506,864	$481,885
2022	$4,476,705	$4,080,993	$7,103,131	$395,712
2021	$4,464,510	$3,845,777	$6,976,666	$618,733
2020	$4,527,506	$4,963,314	$6,291,244	$-435,808
2019	$4,709,026	$4,912,507	$6,705,618	$-203,481
2018	$4,673,620	$4,021,569	$6,886,286	$652,051