ALABAMA LABORERS' HEALTH & WELFARE FUND (EIN 237048018) - 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

1967

Legal Domicile

Principal Officer

GLENN FARNER

Phone

6158590131

Tax Period

2023-02-01 to 2024-01-31

ALABAMA LABORERS' HEALTH & WELFARE FUND, founded in 1967, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.4M, a strong 36% operating margin.

Mission

THE PROVISION OF HEALTH, DENTAL, VISION, TEMPORARY DIABILITY AND LIFE INSURANCE BENEFITS TO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,021,456

Investment Income $538,756

Other Revenue $327,803

TOTAL REVENUE $3,888,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $466,689

TOTAL EXPENSES $2,499,235

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,888,015	$4,118,102	-0.1%
Expenses	$2,499,235	$3,476,792	-0.3%
Net Income	$1,388,780	$641,310	+1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CATON	TRUSTEE	2.00	Director	$0	$0	$0
GLENN FARNER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOE DAVIS III	TRUSTEE	2.00	Director	$0	$0	$0
HAL MCKEWEN	TRUSTEE	2.00	Director	$0	$0	$0
JEROME PETERSON	TRUSTEE	2.00	Director	$0	$0	$0
HARRIS WILSON	SECRETARY	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$3,888,015	$2,499,235	$11,161,945	$1,388,780
2023	$4,118,102	$3,476,792	$10,243,817	$641,310
2022	$4,412,536	$3,782,403	$9,710,185	$630,133
2021	$3,600,657	$3,381,835	$9,092,482	$218,822

ALABAMA LABORERS' HEALTH & WELFARE FUND