Local 837 Health & Welfare Fund (EIN 231685740) - 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

1965

Legal Domicile

Principal Officer

Board of Trustees

Phone

2156737337

Tax Period

2023-01-01 to 2023-12-31

Local 837 Health & Welfare Fund, founded in 1965, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 140% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

Provide Health and Welfare benefits to its members and their dependents.

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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 $714,891

Investment Income $703,135

Other Revenue $0

TOTAL REVENUE $1,418,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $666,057

Fundraising Expenses $0

Other Expenses $256,194

TOTAL EXPENSES $1,565,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,418,026	$590,592	+1.4%
Expenses	$1,565,855	$1,231,123	+0.3%
Net Income	$-147,829	$-640,531	-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

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

$152,076

Key Employees

$126,509

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John C Dulczak	Administrator	40.00	Highest	$272,776	$95,390	$436,190
Pamela Palmer	Trustee / Office Manager	30.00	Director Key Emp	$62,592	$48,308	$126,509
Frank Saladino	Trustee / Office Employee	20.00	Director	$8,740	$14,647	$25,567
Dominic Marano	Trustee	5.00	Director	$0	$0	$0
David Wegner	Trustee	5.00	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
2024	No data	No data	No data	No data
2023	$1,418,026	$1,565,855	$8,658,525	$-147,829
2022	$590,592	$1,231,123	$8,701,153	$-640,531
2021	$1,095,678	$2,034,351	$9,995,647	$-938,673
2020	$2,653,235	$2,624,100	$10,731,577	$29,135
2019	$3,679,559	$3,709,126	$10,621,295	$-29,567
2018	$5,714,305	$3,846,151	$10,162,909	$1,868,154

Local 837 Health & Welfare Fund