BAC LOCAL UNION 15 WELFARE FUND (EIN 237386028) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

DUSTIN HIMES

Phone

8167772668

Tax Period

2024-04-01 to 2025-03-31

BAC LOCAL UNION 15 WELFARE FUND, founded in 1974, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROVIDE HEALTH BENEFITS TO QUALIFIED PARTICIPANTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,103,706

Investment Income $1,730,340

Other Revenue $293,733

TOTAL REVENUE $12,127,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,203,989

TOTAL EXPENSES $12,937,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,127,779	$10,604,310	+0.1%
Expenses	$12,937,595	$10,042,015	+0.3%
Net Income	$-809,816	$562,295	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
DUSTIN HIMES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREGORY DAVEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DON HUNT	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MORROW	TRUSTEE	1.00	Director	$0	$0	$0
BILL LIPP	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW TREUNER	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	$12,127,779	$12,937,595	$23,404,073	$-809,816
2024	$10,604,310	$10,042,015	$24,617,880	$562,295
2023	$10,226,950	$10,558,228	$22,760,787	$-331,278
2022	$10,907,825	$9,834,871	$24,262,115	$1,072,954
2021	$9,932,699	$9,979,130	$23,810,150	$-46,431
2019	$8,837,986	$8,610,928	$21,657,994	$227,058
2018	$8,906,506	$7,958,830	$20,965,340	$947,676

BAC LOCAL UNION 15 WELFARE FUND