LOCAL 6 BAKERY CONFECTIONERY & TOBACCO WRKS INTL UN AFL-CIO HEALTH & WELFARE FD (EIN 232522548) - 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

1989

Legal Domicile

Phone

2673876383

Tax Period

2018-01-01 to 2018-10-31

LOCAL 6 BAKERY CONFECTIONERY & TOBACCO WRKS INTL UN AFL-CIO HEALTH & WELFARE FD, founded in 1989, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ACTIVE AND RETIRED 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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,347,073

Investment Income $174,398

Other Revenue $82,909

TOTAL REVENUE $3,604,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $573,666

TOTAL EXPENSES $4,016,999

Year-over-Year Comparison

	2018	2017	Change
Revenue	$3,604,380	$4,708,385	-0.2%
Expenses	$4,016,999	$5,387,395	-0.3%
Net Income	$-412,619	$-679,010	-0.4%

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

N/A

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

$355,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN LOONEY	FMR UNION TRSTE	3.00	Director	$0	$50,405	$102,645
HENRY MCKAY	UNION TRUSTEE	3.00	Director	$0	$53,898	$145,604
EDGAR RODRIGUEZ	UNION TRUSTEE	3.00	Director	$0	$54,784	$106,759
PHIL PATURZO	EMPLOYERTRUSTEE	1.00	Director	$0	$0	$0
ERIC BONAWITZ	EMPLOYERTRUSTEE	1.00	Director	$0	$0	$0
GREG PETERSON	EMPLOYERTRUSTEE	1.00	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
2018	$3,604,380	$4,016,999	No data	$-412,619

LOCAL 6 BAKERY CONFECTIONERY & TOBACCO WRKS INTL UN AFL-CIO HEALTH & WELFARE FD