KENTUCKY LABORERS DISTRICT COUNCIL HEALTH & WELFARE FUND

EIN: 237017526

LAWRENCEBURG, KY

Total Revenue
$28,873,743
Total Expenses
$22,606,614
Total Assets
$46,212,126
Net Assets
$45,327,189
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
KY
Principal Officer
PERRY BLADES
Phone
5028398166
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY LABORERS DISTRICT COUNCIL HEALTH & WELFARE FUND, founded in 1967, is a mid-sized nonprofit that reported $28.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.3M, a strong 22% operating margin.

Mission

EMPLOYEE BENEFIT PLAN PROVIDING ACCIDENT, SICKNESS, VISION, DENTAL, DEATH AND ACCIDENTAL DEATH & DISMEMBERMENT BENEFITS FOR ACTIVE PARTICIPANTS AND ACCIDENT, SICKNESS, VISION, DENTAL AND DEATH BENEFITS FOR RETIRED PARTICIPANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,740,813
Investment Income $1,060,904
Other Revenue $72,026
TOTAL REVENUE $28,873,743

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,088,339
Fundraising Expenses $0
Other Expenses $1,580,535
TOTAL EXPENSES $22,606,614

Year-over-Year Comparison

2024 2023 Change
Revenue $28,873,743 $24,714,024 +0.2%
Expenses $22,606,614 $21,672,695 +0.0%
Net Income $6,267,129 $3,041,329 +1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
8
Volunteers
9

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
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD TRAVIS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JEFF STORY EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY WICKLINE TRUSTEE (TO 01/24) 1.00
Director
$0 $0 $0
LARRY HENDERSON UNION TRUSTEE 1.00
Director
$0 $0 $0
DWAYNE MCCAULEY UNION TRUSTEE 1.00
Director
$0 $0 $0
JEREMY JENKINS UNION TRUSTEE 1.00
Director
$0 $0 $0
TERRY BLADES ALTERNATE UNION TRUSTEE 1.00
Director
$0 $0 $0
PERRY BLADES CHAIRMAN 1.00
Officer Director
$0 $0 $0
DOUG HACKER SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
DAVID BOIEN EMPLOYER TRUSTEE (FROM 01/24) 1.00
Director
$0 $0 $0
SAMANTHA GRIFFIETH FUND ADMINISTRATOR 40.00
Highest
$106,528 $80,841 $187,369
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 $28,873,743 $22,606,614 $46,212,126 $6,267,129
2023 $24,714,024 $21,672,695 $38,623,854 $3,041,329
2022 $20,361,283 $18,431,465 $33,958,983 $1,929,818
2021 $19,470,039 $15,816,062 $33,038,279 $3,653,977
2020 $20,435,553 $16,143,807 $29,767,609 $4,291,746
2019 $26,135,968 $21,784,972 $25,441,958 $4,350,996
2018 $22,823,152 $24,559,100 $23,016,317 $-1,735,948
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