ALLIED INDUSTRIES LOCAL 427 WELFARE FUND (EIN 237170500) - 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

KENNETH COOK

Phone

2125055050

Tax Period

2023-10-01 to 2024-09-30

ALLIED INDUSTRIES LOCAL 427 WELFARE FUND, founded in 1967, is a small nonprofit that reported $596K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $697K exceeded revenue, resulting in a 17% operating deficit.

Mission

MULTIEMPLOYER HEALTH BENEFIT PLAN TO PAY OR PROVIDE FOR THE PAYMENT OF BENEFITS FOR THE BENEFIT OF THE EMPLOYEES OR THE DEPENDENTS OF ANY OF THE EMPLOYEES OF CONTRIBUTING EMPLOYERS.

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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 $211,175

Investment Income $385,255

Other Revenue $0

TOTAL REVENUE $596,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $697,390

Other Expenses $419,816

TOTAL EXPENSES $697,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$596,430	$337,916	+0.8%
Expenses	$697,390	$749,935	-0.1%
Net Income	$-100,960	$-412,019	-0.8%

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

N/A

Employees

N/A

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

$9,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER MITCHELL	TRUSTEE	1.00	Director	$6,000	$0	$6,000
DANIEL SILVERMAN	TRUSTEE	1.00	Director	$3,000	$0	$3,000

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	$596,430	$697,390	$8,363,038	$-100,960
2023	$337,916	$731,561	$7,538,699	$-393,645
2023	$337,916	$749,935	$7,520,325	$-412,019
2022	$336,524	$799,339	$7,458,523	$-462,815
2021	$424,028	$458,224	$9,176,750	$-34,196
2020	$1,258,417	$568,341	$8,628,252	$690,076
2020	$1,258,417	$569,193	$8,642,419	$689,224
2019	$606,179	$382,775	$8,257,640	$223,404
2019	$606,646	$382,647	$8,261,767	$223,999
2018	$586,440	$792,574	$7,825,902	$-206,134

ALLIED INDUSTRIES LOCAL 427 WELFARE FUND