PHILADELPHIA FEDERATION OF TEACHERS HEALTH & WELFARE FUND (EIN 231874001) - 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

1971

Legal Domicile

Principal Officer

ARTHUR STEINBERG

Tax Period

2023-09-01 to 2024-08-31

PHILADELPHIA FEDERATION OF TEACHERS HEALTH & WELFARE FUND, founded in 1971, is a mid-sized nonprofit that reported $63.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE HEALTH SERVICES AND BENEFITS TO THE EMPLOYEES OF THE PHILADELPHIA SCHOOL DISTRICT.

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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 $62,507,278

Investment Income $1,271,735

Other Revenue $64,451

TOTAL REVENUE $63,843,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,073,895

Fundraising Expenses $0

Other Expenses $1,831,693

TOTAL EXPENSES $64,815,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,843,464	$69,606,735	-0.1%
Expenses	$64,815,363	$65,709,805	0.0%
Net Income	$-971,899	$3,896,930	-1.2%

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

$18,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR G STEINBERG	TRUSTEE	1.0	Director	$18,320	$0	$18,320
JERRY T JORDAN	TRUSTEE	1.0	Director	$0	$0	$0
DANIEL DiMARTINO	TRUSTEE	1.0	Director	$0	$0	$0
MARISSA QUINN	TRUSTEE	1.0	Director	$0	$0	$0
MARIE KILLIAN	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL HERBSTMAN	TRUSTEE	1.0	Director	$0	$0	$0
DAVID MALONE	TRUSTEE	1.0	Director	$0	$0	$0
LESHAWNA COLEMAN	CHIEF TRUSTEE	1.0	Director	$0	$0	$0
THINH THACH	TRUSTEE	1.0	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	$63,843,464	$64,815,363	$46,026,410	$-971,899
2023	$69,606,735	$65,709,805	$50,361,295	$3,896,930
2022	$66,715,748	$57,209,392	$45,713,955	$9,506,356
2021	$56,422,028	$62,482,719	$37,891,939	$-6,060,691
2020	$75,695,334	$61,870,850	$44,100,838	$13,824,484
2019	$63,437,500	$65,156,678	$30,150,090	$-1,719,178
2018	$52,024,497	$59,530,073	$31,664,224	$-7,505,576

PHILADELPHIA FEDERATION OF TEACHERS HEALTH & WELFARE FUND