UNION TROWEL TRADES BENEFIT FUNDS

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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

1961

Legal Domicile

Principal Officer

LESTER W KAUFFMAN III

Phone

2023833902

Tax Period

2019-05-01 to 2020-04-30

UNION TROWEL TRADES BENEFIT FUNDS, founded in 1961, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2019.

Mission

THE PLAN PROVIDES HEALTH AND ACCIDENT INSURANCE COVERAGE, DISABILITY, DEATH, VISION, PRESCRIPTION AND DENTAL BENEFITS. THE PLAN COVERS UNION MEMBERS EMPLOYED UNDER THE TERMS OF A COLLECTIVE BARGAINING AGREEMENT, FULL TIME UNION EMPLOYEES AND BOARD OF TRUSTEES.

Program Service Accomplishments

Program 1

THE PLAN PROVIDES HEALTH AND ACCIDENT INSURANCE COVERAGE, DISABILITY, DEATH, VISION, PRESCRIPTION AND DENTAL BENEFITS TO ELIGIBLE PARTICIPANTS 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,381,986

Investment Income $1,074,085

Other Revenue $0

TOTAL REVENUE $10,456,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,143

Fundraising Expenses $0

Other Expenses $1,244,092

TOTAL EXPENSES $11,048,872

Year-over-Year Comparison

	2019	2018	Change
Revenue	$10,456,071	$10,246,974	+0.0%
Expenses	$11,048,872	$9,782,672	+0.1%
Net Income	$-592,801	$464,302	-2.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESTER KAUFFMAN IIIX	UNION TRUSTEE	10.00	Director	$0	$0	$0
MELVIN WATTS	UNION TRUSTEE	10.00	Director	$0	$0	$0
JOSEPH DAVIS	UNION TRUSTEE	10.00	Director	$0	$0	$0
RANDY EBERLY	UNION TRUSTEE	10.00	Director	$0	$0	$0
WALTER SAKOWSKI	UNION TRUSTEE	10.00	Director	$0	$0	$0
THOMAS SMITH	UNION TRUSTEE	10.00	Director	$0	$0	$0
JOSEPH IORIO	MANAGEMENT TRUSTEE	10.00	Director	$0	$0	$0
GREGORY HESS	MANAGEMENT TRUSTEE	10.00	Director	$0	$0	$0
JEFFREY WOLFF	MANAGEMENT TRUSTEE	10.00	Director	$0	$0	$0
JOSEPH SMITH	UNION TRUSTEE	10.00	Director	$0	$0	$0
GREGORY HARDY	MANAGEMENT TRUSTEE	10.00	Director	$0	$0	$0
CLAY ROACH	UNION TRUSTEE	10.00	Director	$0	$0	$0
LAINE GEHRES	UNION TRUSTEE	10.00	Director	$0	$0	$0
DOUG WILCZEK	MANAGEMENT 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
2020	$10,456,071	$11,048,872	$15,297,911	$-592,801
2020	$4,918,430	$3,880,321	No data	$1,038,109
2019	$10,246,974	$9,782,672	$16,533,896	$464,302
2018	$9,750,378	$10,344,141	$15,713,028	$-593,763