ASBESTOS WORKERS WELFARE FUND LOCAL 32 (EIN 237159212) - 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

1957

Legal Domicile

Principal Officer

JOHN DWYER

Phone

8567932501

Tax Period

2023-01-01 to 2023-12-31

ASBESTOS WORKERS WELFARE FUND LOCAL 32, founded in 1957, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE FUND WAS ESTABLISHED TO PROVIDE HEALTH AND DEATH BENEFITS TO ELIGIBLE MEMBERS BASED UPON COLLECTIVE BARGAINING AGREEMENT.

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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 $7,977,415

Investment Income $52,511

Other Revenue $0

TOTAL REVENUE $8,029,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $528,500

TOTAL EXPENSES $8,543,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,029,926	$7,148,083	+0.1%
Expenses	$8,543,357	$8,975,598	0.0%
Net Income	$-513,431	$-1,827,515	-0.7%

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

$793,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DWYER	UNION TRUSTEE	1.00	Director	$0	$124,294	$287,771
PAUL LEGRAND	FORMER UNION TRUSTEE	1.00	Director	$0	$0	$0
JC FARMER	UNION TRUSTEE	1.00	Director	$0	$122,992	$280,022
BRIAN PENT	UNION TRUSTEE	1.00	Director	$0	$3,607	$8,649
JOHN MAZOR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
RICK BAPTISTA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY CHAPLIN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
KURT NALE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DERECK VERGARI	UNION TRUSTEE	1.00	Director	$0	$75,124	$217,258

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	$8,029,926	$8,543,357	$5,696,320	$-513,431
2022	$7,148,083	$8,975,598	$5,682,077	$-1,827,515
2021	$7,571,651	$8,221,768	$7,862,817	$-650,117
2020	$6,926,526	$6,148,156	$8,278,989	$778,370
2019	$7,002,600	$6,545,792	$7,550,420	$456,808
2018	$7,394,655	$6,479,206	$7,125,125	$915,449

ASBESTOS WORKERS WELFARE FUND LOCAL 32