HEALTH & WELFARE FUND OF ROOFERS LOCAL NO 22 (EIN 237381527) - 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

ADAM HOFFMAN

Phone

5852350829

Tax Period

2024-07-01 to 2025-06-30

HEALTH & WELFARE FUND OF ROOFERS LOCAL NO 22, founded in 1973, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 33% operating margin.

Mission

TO PROVIDE HEALTH & DEATH BENEFITS TO ELIGIBLE PARTICIPANTS OF LOCAL 22.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,878,907

Investment Income $673,347

Other Revenue $204,264

TOTAL REVENUE $3,756,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,947

Fundraising Expenses $0

Other Expenses $310,209

TOTAL EXPENSES $2,524,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,756,518	$3,444,010	+0.1%
Expenses	$2,524,241	$2,514,089	+0.0%
Net Income	$1,232,277	$929,921	+0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF DAVIS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ANDY CENTAURO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ERIC WARREN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ONDRAE FLORENCE	UNION TRUSTEE	1.00	Director	$0	$0	$0
SPENCER MOORE	UNION TRUSTEE	1.00	Director	$0	$0	$0
ADAM HOFFMAN	UNION 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
2025	$3,756,518	$2,524,241	$10,673,336	$1,232,277
2024	$3,444,010	$2,514,089	$9,278,907	$929,921
2023	$3,074,011	$2,426,045	$8,155,353	$647,966
2022	$3,145,064	$2,229,210	$7,231,197	$915,854
2021	$3,353,758	$2,637,163	$7,382,099	$716,595
2020	$3,010,542	$2,703,156	$6,296,229	$307,386
2019	$2,835,082	$2,616,733	$5,985,960	$218,349
2018	$2,855,963	$2,625,143	$5,603,726	$230,820

HEALTH & WELFARE FUND OF ROOFERS LOCAL NO 22