LABORERS UNION LOCAL 1174 HEALTH AND WELFARE FUND (EIN 240856734) - 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

1962

Legal Domicile

Principal Officer

MICHAEL KNECHT

Phone

1716718551

Tax Period

2023-02-01 to 2024-01-31

LABORERS UNION LOCAL 1174 HEALTH AND WELFARE FUND, founded in 1962, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Expenses of $6.7M exceeded revenue, resulting in a 54% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS OF LABORERS LOCAL UNION 1174

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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 $3,937,222

Investment Income $402,494

Other Revenue $0

TOTAL REVENUE $4,339,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,912

Fundraising Expenses $0

Program Expenses $6,698,215

Other Expenses $1,288,301

TOTAL EXPENSES $6,698,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,339,716	$4,507,769	0.0%
Expenses	$6,698,215	$5,639,494	+0.2%
Net Income	$-2,358,499	$-1,131,725	+1.1%

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
THOMAS TOBOROWSKI	UNION TRUSTEE	5.00	Director	$0	$0	$0
SCOTT MANN	UNION TRUSTEE	5.00	Director	$0	$0	$0
CHUCK CLARKE	UNION TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL KNECHT	UNION TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL BUTZ	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
JACK JAMES	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
WILSON ESHBACH	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
LOUISE SCHOMP-SMITH	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	$4,339,716	$6,698,215	$13,186,543	$-2,358,499
2023	$4,507,769	$5,639,494	$14,897,668	$-1,131,725
2022	$5,620,232	$5,212,715	$17,210,611	$407,517
2021	$3,675,731	$3,406,974	$16,856,395	$268,757
2020	$5,119,571	$3,453,734	$15,651,406	$1,665,837
2019	$5,109,348	$3,889,661	$13,273,521	$1,219,687

LABORERS UNION LOCAL 1174 HEALTH AND WELFARE FUND