ROOFERS UNION LOCAL 30 COMBINED HEALTH AND WELFARE FUND (EIN 232258631) - 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

1952

Legal Domicile

Principal Officer

SHAWN MCCULLOUGH

Phone

8772808874

Tax Period

2023-01-01 to 2023-12-31

ROOFERS UNION LOCAL 30 COMBINED HEALTH AND WELFARE FUND, founded in 1952, is a mid-sized nonprofit in the Mutual Benefit sector that reported $19.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $17.3M left a modest 11% surplus.

Mission

THE ORGANIZATION IS THE TRUST FOR A HEALTH AND WELFARE BENEFIT PLAN. THE PLAN PROVIDES BENEFITS TO ELIGIBLE INDIVIDUALS EMPLOYED UNDER THE TERMS OF COLLECTIVE BARGAINING AGREEMENTS WITH CONTRACTING EMPLOYERS.

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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 $17,584,197

Investment Income $729,668

Other Revenue $1,206,964

TOTAL REVENUE $19,520,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,987

Fundraising Expenses $0

Other Expenses $543,011

TOTAL EXPENSES $17,315,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,520,829	$17,504,884	+0.1%
Expenses	$17,315,000	$14,307,750	+0.2%
Net Income	$2,205,829	$3,197,134	-0.3%

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

$423,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN MCCULLOUGH	UNION TRUSTEE	10.00	Director	$0	$67,368	$243,145
THOMAS PEDRICK	UNION TRUSTEE	10.00	Director	$0	$0	$0
BRIAN PLEIS	UNION TRUSTEE	10.00	Director	$0	$62,057	$180,707
JUDY FINNEN	EMPLOYER TRUSTEE	10.00	Director	$0	$0	$0
EDWARD DEANGELIS	EMPLOYER TRUSTEE	10.00	Director	$0	$0	$0
THOMAS MANNA	EMPLOYER TRUSTEE	10.00	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	$19,520,829	$17,315,000	$25,651,118	$2,205,829
2022	$17,504,884	$14,307,750	$22,528,081	$3,197,134
2021	$17,775,956	$14,908,049	$21,811,142	$2,867,907
2020	$16,714,706	$15,472,360	$18,694,221	$1,242,346
2019	$17,964,763	$14,634,670	$16,936,621	$3,330,093
2018	$17,228,771	$14,200,030	$12,977,202	$3,028,741

ROOFERS UNION LOCAL 30 COMBINED HEALTH AND WELFARE FUND