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 PROVIDES THE FOLLOWING BENEFITS FOR ELIGIBLE ACTIVE AND RETIRED EMPLOYEES AND THEIR DEPENDENTS: DEATH BENEFITS, OUT-PATIENT DIAGNOSTIC, ACCIDENTAL DEATH AND DISMEMBERMENT, X-RAY AND LABORATORY, MATERNITY, HOSPITAL, MAJOR MEDICAL, SURGICAL, DENTAL CARE, VISION CARE, EXTENDED BENEFITS AFTER TERMINATION OF ELIGIBILITY, PRESCRIPTION DRUGS, VACATION BENEFITS AND ALCOHOL AND DRUG ABUSE TREATMENT.THE DEATH AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS ARE BEING PAID THROUGH AN INSURANCE ARRANGEMENT WITH UNION LABOR LIFE INSURANCE COMPANY. SELF-INSURED BENEFITS PAID DIRECTLY TO PARTICIPANTS CONSIST PRIMARILY OF PRESCRIPTION DRUG, VISION, DENTAL, MAJOR MEDICAL, MEDICARE, AND SICKNESS AND ACCIDENT BENEFITS; EXTENDED BENEFITS AFTER TERMINATION OF ELIGIBILITY; AND ALCOHOL AND DRUG ABUSE TREATMENT.
TO PROVIDE MEDICAL, HOSPITAL, DENTAL, VISION, PRESCRIPTION, WEEKLY DISABILITY INCOME, AND DEATH BENEFITS.
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.