PENNSYLVANIA FACULTY HEALTH & WELFARE FUND

EIN: 237411025

PITTSBURGH, PA

Total Revenue
$5,015,224
Total Expenses
$4,723,118
Total Assets
$9,072,715
Net Assets
$8,987,770
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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
1974
Legal Domicile
PA
Principal Officer
BRENDA A MUNDELL
Phone
4122244458
Tax Period
2024-07-01 to 2025-06-30

PENNSYLVANIA FACULTY HEALTH & WELFARE FUND, founded in 1974, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. Expenses of $4.7M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO EMPLOYEES OF THE PENNSLYVANIA STATE SYSTEM OF HIGHER EDUCATION COVERED IN THE COLLECTIVE BARGAINING UNIT REPRESENTED BY THE UNION OR ANY OTHER UNION, OTHER EMPLOYEES FOR WHOM THE EMPLOYER SUBMITS CONTRIBUTIONS, EMPLOYEES OF THE UNION OR ITS LOCAL CHAPTERS, AND ANY EMPLOYEES OF THE FUND.

Program Service Accomplishments

Program 1

THE FUND PROVIDED ELIGIBLE EMPLOYEES AND THEIR BENEFICIARIES WITH VISION AND DENTAL BENEFITS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,692,649
Investment Income $289,442
Other Revenue $33,133
TOTAL REVENUE $5,015,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $529
Fundraising Expenses $0
Other Expenses $536,198
TOTAL EXPENSES $4,723,118

Year-over-Year Comparison

2024 2023 Change
Revenue $5,015,224 $5,074,891 0.0%
Expenses $4,723,118 $4,716,839 +0.0%
Net Income $292,106 $358,052 -0.2%
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

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Governance

Voting Members
6
Independent Members
6
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA A MUNDELL SECRETARY / TREASURER 1.00
Officer Director
$0 $0 $0
MARC A SYLVESTER PHD CHAIRMAN 1.00
Officer Director
$0 $0 $0
ERIKA FRENZEL PHD TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY S LYNN PHD TRUSTEE 1.00
Director
$0 $0 $0
TENA MAURER TRUSTEE 1.00
Director
$0 $0 $0
SHARON MINNICH 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 $5,015,224 $4,723,118 $9,072,715 $292,106
2024 $5,074,891 $4,716,839 $8,700,352 $358,052
2023 $5,094,536 $4,924,550 $8,246,136 $169,986
2022 $5,364,584 $5,079,813 $8,086,912 $284,771
2021 $6,021,207 $4,999,799 $8,100,969 $1,021,408
2020 $6,338,715 $4,775,418 $7,233,687 $1,563,297
2019 $6,031,994 $6,163,679 $5,571,031 $-131,685
2018 $6,107,279 $5,887,365 $5,416,722 $219,914
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