Laborers Local Union No 158 Health and Welfare Fund (EIN 231608209) - 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

1961

Legal Domicile

Principal Officer

Paul DeSanto

Phone

7176578229

Tax Period

2023-01-01 to 2023-12-31

Laborers Local Union No 158 Health and Welfare Fund, founded in 1961, is a mid-sized nonprofit that reported $17.0M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 28% operating margin.

Mission

TO PROVIDE MEDICAL BENEFITS, PRESCRIPTION DRUG, DENTAL & VISION BENEFITS TO MEMBERS THROUGH SELF-INSURANCE PROGRAMS; TO PROVIDE LIFE, AD&D AND S/T DISABILITY BENEFITS TO MEMBERS THROUGH INSURED PROGRAMS.

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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 $15,472,523

Investment Income $1,492,801

Other Revenue $0

TOTAL REVENUE $16,965,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,650

Fundraising Expenses $0

Other Expenses $1,449,123

TOTAL EXPENSES $12,202,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,965,324	$13,433,184	+0.3%
Expenses	$12,202,113	$12,395,158	0.0%
Net Income	$4,763,211	$1,038,026	+3.6%

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

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
JAMES R DAVIS	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
ROBERT W ROUNAY	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
KEVIN R SCHULTZ	EMPLOYER TRUSTEE	0.50	Director	$0	$0	$0
JAMES M ANDREWS	UNION TRUSTEE	0.50	Director	$0	$0	$0
MATTHEW BALIKIAN	UNION TRUSTEE	0.50	Director	$0	$0	$0
ROBERT SLICK	UNION TRUSTEE	0.50	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	$16,965,324	$12,202,113	$63,030,727	$4,763,211
2022	$13,433,184	$12,395,158	$56,905,713	$1,038,026
2021	$14,966,424	$13,625,882	$60,558,647	$1,340,542
2020	$14,478,092	$15,919,447	$59,575,207	$-1,441,355
2019	$18,083,115	$17,153,413	$60,294,564	$929,702
2018	$27,197,092	$16,008,771	$56,045,622	$11,188,321

Laborers Local Union No 158 Health and Welfare Fund