PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASBESTOS WORKERS PHILADELPHIA HEALTH AND WELFARE PLAN, founded in 1950, is a mid-sized nonprofit that reported $16.8M in total revenue in fiscal year 2024.
THE PLAN IS A MULTIEMPLOYER HEALTH AND WELFARE PLAN COVERING MEMBERS OF INSULATORS AND ASBESTOS WORKERS LOCAL UNION NOS. 14 AND 89 AND ALL EMPLOYEES WHOSE EMPLOYMENT IS IN A CAPACITY WHICH PROVIDES FOR CONTRIBUTIONS TO THE TRUST OF THE PLAN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $16,760,148 | $16,945,973 | 0.0% |
| Expenses | $18,193,608 | $15,659,498 | +0.2% |
| Net Income | $-1,433,460 | $1,286,475 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT CELLUCCI | LABOR TRUSTEE/CO-CHAIRMAN | 1.00 |
Director
|
$0 | $146,203 | $331,033 |
| STEPHEN ROBERTS JR | LABOR TRUSTEE | 1.00 |
Director
|
$0 | $143,390 | $315,955 |
| SEAN BOWMAN | LABOR TRUSTEE | 1.00 |
Director
|
$0 | $135,014 | $307,579 |
| ARTHUR SWEENEY | MANAGEMENT TRUSTEE/CO-CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| JERRY LICHTERMAN | MANAGEMENT TRUSTEE/CO-CHAIRMAN (P) | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL FORMICA | MANAGEMENT TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES GULLER | MANAGEMENT TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN PETTIT | LABOR TRUSTEE (P) | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL BURNS | FUND ADMINISTRATOR | 16.00 |
Officer
|
$19,721 | $109,758 | $280,787 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,760,148 | $18,193,608 | $33,138,892 | $-1,433,460 |
| 2024 | $16,945,973 | $15,659,498 | $32,910,133 | $1,286,475 |
| 2023 | $15,790,635 | $16,800,668 | $29,610,005 | $-1,010,033 |
| 2022 | $13,932,405 | $14,447,163 | $28,943,140 | $-514,758 |
| 2021 | $15,021,751 | $13,141,708 | $31,470,862 | $1,880,043 |
| 2020 | $14,713,592 | $12,774,758 | $27,998,152 | $1,938,834 |
| 2019 | $16,792,466 | $13,740,741 | $25,094,237 | $3,051,725 |
| 2018 | $16,019,448 | $12,998,918 | $21,054,104 | $3,020,530 |
Compare ASBESTOS WORKERS PHILADELPHIA HEALTH AND WELFARE PLAN with other nonprofits in Pennsylvania and across the country.