BUILDING TRADES HEALTH AND WELFARE FUND

EIN: 231700500

PITTSBURGH, PA

Total Revenue
$7,684,380
Total Expenses
$14,542,748
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
1950
Legal Domicile
PA
Principal Officer
WILLIAM SPROULE
Phone
4129225330
Tax Period
2021-05-01 to 2022-04-30

BUILDING TRADES HEALTH AND WELFARE FUND, founded in 1950, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2021. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $14.5M exceeded revenue, resulting in a 89% operating deficit.

Mission

TO PROVIDE MEDICAL BENEFITS TO MEMBERS OF A TRADE UNION, THEIR SPOUSES 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,672,106
Investment Income $1,393,345
Other Revenue $618,929
TOTAL REVENUE $7,684,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,820
Fundraising Expenses $0
Program Expenses $14,542,748
Other Expenses $326,522
TOTAL EXPENSES $14,542,748

Year-over-Year Comparison

2021 2020 Change
Revenue $7,684,380 $28,788,796 -0.7%
Expenses $14,542,748 $20,801,662 -0.3%
Net Income $-6,858,368 $7,987,134 -1.9%
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

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Governance

Voting Members
16
Independent Members
16
Employees
25
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
2
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD F FOLEY LABOR TRUSTEE 0.00
Director
$0 $0 $0
DONALD J MADEJA LABOR TRUSTEE 0.00
Director
$0 $0 $0
KENNETH W UMBEL LABOR TRUSTEE 0.00
Director
$0 $0 $0
SEAN P FOLEY LABOR TRUSTEE 0.00
Director
$0 $0 $0
JOEL L NIECGORSKI LABOR TRUSTEE 0.00
Director
$0 $0 $0
WADE J BAUMGARTNER LABOR TRUSTEE 0.00
Director
$0 $0 $0
PAUL A SIMPSON III LABOR TRUSTEE 0.00
Director
$0 $0 $0
ROBERT BUECHEL MANAGEMENT TRUSTEE 0.00
Director
$0 $0 $0
FREDERICK EPISCOPO MANAGEMENT TRUSTEE 0.00
Director
$0 $0 $0
ROBERT M CANE II MANAGEMENT TRUSTEE 0.00
Director
$0 $0 $0
THOMAS BEGGS MANAGEMENT TRUSTEE 0.00
Director
$0 $0 $0
JOHN MORRIS MANAGEMENT TRUSTEE 0.00
Director
$0 $0 $0
ROBERT F LEAHEY MANAGEMENT TRUSTEE 0.00
Director
$0 $0 $0
RAYMOND A VOLPATT JR MANAGEMENT TRUSTEE 0.00
Director
$0 $0 $0
WILLIAM SPROULE CHAIRMAN - LABOR TRUSTEE 0.00
Officer
$0 $0 $0
DAVID D DAQUELENTE CO-CHAIRMAN - MANAGEMENT TRUSTEE 0.00
Officer
$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
2022 $7,684,380 $14,542,748 No data $-6,858,368
2021 $20,859,508 $21,242,878 $59,368,572 $-383,370
2020 $20,281,989 $20,621,442 $51,480,100 $-339,453
2019 $24,471,745 $20,136,720 $53,748,053 $4,335,025
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