DISTRICT COUNCIL 33 HEALTH -WELFARE FUND (EIN 231999220) - 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

1975

Legal Domicile

Phone

2158953312

Tax Period

2024-07-01 to 2025-06-30

DISTRICT COUNCIL 33 HEALTH -WELFARE FUND, founded in 1975, is a major nonprofit that reported $195.9M in total revenue in fiscal year 2024. The organization ran a surplus of $54.3M, a strong 28% operating margin.

Mission

TO PROVIDE HEALTH CARE BENEFITS FOR ALL MEMBERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT WITH AFSCME DISTRICT COUNCIL 33 OR ONE OF ITS AFFILIATED LOCAL UNIONS

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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 $192,786,413

Investment Income $3,095,948

Other Revenue $0

TOTAL REVENUE $195,882,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $906,320

Fundraising Expenses $0

Program Expenses $141,044,188

Other Expenses $2,173,427

TOTAL EXPENSES $141,565,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,882,361	$183,039,494	+0.1%
Expenses	$141,565,279	$138,083,291	+0.0%
Net Income	$54,317,082	$44,956,203	+0.2%

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

$472,730

Total Directors

$604,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G BOULWARE	PRESIDENT	005.00	Officer Director	$0	$18,280	$171,968
J GALLAGHER	SEC TREASURER	001.00	Officer Director	$0	$18,280	$161,025
A LITTLE	V PRESIDENT	005.00	Officer Director	$0	$18,040	$121,617
DAMON KINSEY	EX BOARD	001.00	Director	$1,671	$18,320	$19,991
LAWRENCE PORTERFIELD	EX BOARD	001.00	Director	$1,259	$18,320	$19,579
GORDON ZIMMITT	EX BOARD	001.00	Director	$898	$18,280	$19,178
K ATHANASIADIS	EX BOARD	001.00	Director	$0	$18,320	$18,320
C CARRINGTON	EX BOARD	001.00	Director	$0	$18,280	$18,280
ANTHONY DINKINS	EX BOARD	001.00	Director	$0	$18,280	$18,280
KARIMA MACKINS	EX BPARD	001.00	Director	$0	$18,280	$18,280
I SNYDER	EX BOARD	001.00	Officer Director	$0	$18,120	$18,120
ALTON WILLOUGHBY	EX BOARD	001.00	Director	$0	$0	$0
FRANK CLAY	EX BOARD	001.00	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	$195,882,361	$141,565,279	$180,289,206	$54,317,082
2024	$183,039,494	$138,083,291	$141,421,177	$44,956,203
2023	$185,787,160	$136,391,417	$88,952,809	$49,395,743
2022	$197,227,707	$147,480,321	$38,565,335	$49,747,386
2021	$164,585,719	$203,630,016	$23,146,271	$-39,044,297
2020	$177,073,807	$171,192,009	$24,590,456	$5,881,798
2019	$184,310,593	$175,419,407	$22,494,124	$8,891,186

DISTRICT COUNCIL 33 HEALTH -WELFARE FUND