GARAGE & PARKING LOT EMPLOYEES WELFARE FUND LOCAL 700

EIN: 236390783

PHILADELPHIA, PA

Total Revenue
$155,279
Total Expenses
$101,926
Total Assets
$426,694
Net Assets
$418,027
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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
PA
Principal Officer
ROBERT TAYLOR
Phone
2155924119
Tax Period
2023-09-01 to 2024-08-31

GARAGE & PARKING LOT EMPLOYEES WELFARE FUND LOCAL 700, founded in 1961, is a small nonprofit that reported $155K in total revenue in fiscal year 2023. The organization ran a surplus of $53K, a strong 34% operating margin.

Mission

INSURANCE PROVIDER OF GROUP HEALTH BENEFITS, SHORT TERM DISABILITY, DEATH BENEFITS AND LIFE INSURANCE COVERING FULL-TIME MEMBERS OF LOCAL 700.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $154,383
Investment Income $896
Other Revenue $0
TOTAL REVENUE $155,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $52,211
TOTAL EXPENSES $101,926

Year-over-Year Comparison

2023 2022 Change
Revenue $155,279 $155,709 0.0%
Expenses $101,926 $93,602 +0.1%
Net Income $53,353 $62,107 -0.1%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIE BROWN UNION TRUSTEE 1.00
Officer
$0 $0 $0
CASSANDRA GILBERT UNION TRUSTEE 1.00
Officer
$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 $155,279 $101,926 $426,694 $53,353
2023 $155,709 $93,602 $373,341 $62,107
2022 $110,736 $115,205 $302,567 $-4,469
2021 $158,418 $181,421 $335,126 $-23,003
2020 $212,353 $317,268 $358,129 $-104,915
2019 $374,822 $441,679 $461,541 $-66,857
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