ASBESTOS WORKERS LOCAL 23 HEALTH & WELFARE PLAN (EIN 237366317) - 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

1973

Legal Domicile

Principal Officer

RONNIE BEVERLEY

Phone

7179300922

Tax Period

2022-08-01 to 2023-07-31

ASBESTOS WORKERS LOCAL 23 HEALTH & WELFARE PLAN, founded in 1973, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2022. The organization ran a surplus of $1.0M, a strong 27% operating margin.

Mission

THE FUND PROVIDES HEALTH & WELFARE BENEFITS TO ITS PARTICIPANTS AND THEIR DEPENDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,656,807

Investment Income $126,976

Other Revenue $1,234

TOTAL REVENUE $3,785,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $787,161

TOTAL EXPENSES $2,780,784

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,785,017	$3,814,705	0.0%
Expenses	$2,780,784	$3,867,429	-0.3%
Net Income	$1,004,233	$-52,724	-20.0%

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

$497,145

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MCGEE	UNION TRUSTEE	5.00	Director	$0	$129,404	$296,895
RONNIE BEVERLEY	UNION TRUSTEE	5.00	Director	$0	$87,266	$200,250
ZACH LYDON	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
CLIFF ZWIERCAN	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
JOHN FRITZ	UNION TRUSTEE	5.00	Director	$0	$0	$0
DAVID CUTRIGHT	EMPLOYER TRUSTEE	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,785,017	$2,780,784	$6,018,061	$1,004,233
2022	$3,814,705	$3,867,429	$5,134,069	$-52,724
2021	$3,638,827	$2,753,836	$5,456,008	$884,991
2020	$3,473,903	$2,938,622	$4,370,433	$535,281
2019	$5,999,132	$5,019,565	$4,357,144	$979,567
2018	$5,455,862	$4,872,081	$3,033,566	$583,781

ASBESTOS WORKERS LOCAL 23 HEALTH & WELFARE PLAN