Pressmen Welfare Fund

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

DENNIS LARKIN

Phone

4106837200

Tax Period

2023-01-01 to 2023-12-31

Pressmen Welfare Fund, founded in 1971, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH CARE, VISION, PRESCRIPTION DRUGS, DISABILITY AND DEATH BENEFITS ADMINISTERED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS FOR MEMBERS OF WASHINGTON PRINTING PRESSMEN, ASSISTANTS AND OFFSET WORKERS L.U. NO. 72.

Program Service Accomplishments

Program 1

PROVIDED HEALTH CARE, VISION, PRESCRIPTION DRUGS, DISABILITY AND DEATH BENEFITS ADMINISTERED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS FOR MEMBERS OF WASHINGTON PRINTING PRESSMEN...

PROVIDED HEALTH CARE, VISION, PRESCRIPTION DRUGS, DISABILITY AND DEATH BENEFITS ADMINISTERED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS FOR MEMBERS OF WASHINGTON PRINTING PRESSMEN, ASSISTANTS AND OFFSET WORKERS L.U. NO. 72.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,913,572

Investment Income $199,202

Other Revenue $0

TOTAL REVENUE $2,112,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $182,845

TOTAL EXPENSES $2,063,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,112,774	$1,663,877	+0.3%
Expenses	$2,063,052	$1,924,426	+0.1%
Net Income	$49,722	$-260,549	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$56,629

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE BORT	UNION TRUSTEE	1.0	Director	$42,634	$0	$42,634
PAUL ATWILL	UNION TRUSTEE	5.0	Director	$13,995	$0	$13,995
JAY GOLDSCHER	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
BETH SWANSON	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
STEVE BEARDEN	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
DENNIS LARKIN	UNION TRUSTEE	1.0	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
2024	No data	No data	No data	No data
2023	$2,112,774	$2,063,052	$1,240,161	$49,722
2022	$1,663,877	$1,924,426	$1,256,027	$-260,549
2021	$1,421,224	$1,797,121	$1,698,342	$-375,897
2020	$1,533,539	$1,917,721	$1,878,542	$-384,182
2019	$2,186,495	$2,144,920	$2,170,734	$41,575
2018	$2,184,677	$2,196,557	$2,002,701	$-11,880