LOCAL 169 WELFARE FUND (EIN 237215201) - 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

1940

Legal Domicile

Principal Officer

CHRISTOPHER CUNNINGHAM

Phone

2156351696

Tax Period

2023-01-01 to 2023-12-31

LOCAL 169 WELFARE FUND, founded in 1940, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 31% operating margin.

Mission

HEALTH AND WELFARE BENEFIT FUND

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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 $4,493,420

Investment Income $2,445,224

Other Revenue $1,331

TOTAL REVENUE $6,939,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $295,795

TOTAL EXPENSES $4,776,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,939,975	$4,724,382	+0.5%
Expenses	$4,776,467	$4,265,020	+0.1%
Net Income	$2,163,508	$459,362	+3.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CUNNINGHAM	CHAIRMAN	4.00	Director	$0	$0	$0
ROBERT BRUNNER	TRUSTEE	2.00	Director	$0	$0	$0
RAYMOND TARNOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
SHANE REICE	TRUSTEE	2.00	Director	$0	$0	$0
VANESSA MAZZANTI	TRUSTEE	1.00	Director	$0	$0	$0
KEITH GOODWIN	TRUSTEE	1.00	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	$6,939,975	$4,776,467	$13,542,424	$2,163,508
2022	$4,724,382	$4,265,020	$12,140,295	$459,362
2021	$5,404,008	$4,545,010	$13,435,363	$858,998
2020	$5,691,661	$4,952,193	$11,816,606	$739,468
2019	$5,480,389	$3,753,885	$9,881,644	$1,726,504
2018	$5,665,485	$5,997,795	$7,695,101	$-332,310

LOCAL 169 WELFARE FUND