LABORERS' DISTRICT COUNCIL OF WESTERN PENNSYLVANIA WELFARE FUND (EIN 256035806) - 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

1953

Legal Domicile

Principal Officer

JOSEPH LAQUATRA MICHAEL

Phone

4122630900

Tax Period

2024-01-01 to 2024-12-31

LABORERS' DISTRICT COUNCIL OF WESTERN PENNSYLVANIA WELFARE FUND, founded in 1953, is a major nonprofit that reported $123.3M in total revenue in fiscal year 2024. The organization ran a surplus of $32.1M, a strong 26% operating margin.

Mission

PROVIDE GROUP BENEFITS SUCH AS MEDICAL, PRESCRIPTION DRUG, VISION, AND LIFE INSURANCE.

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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 $107,695,561

Investment Income $15,592,993

Other Revenue $0

TOTAL REVENUE $123,288,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,201,494

Other Expenses $3,598,638

TOTAL EXPENSES $91,201,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,288,554	$128,534,481	0.0%
Expenses	$91,201,494	$86,919,714	+0.0%
Net Income	$32,087,060	$41,614,767	-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

Governance

Voting Members

Independent Members

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP AMERIS	EMPLOYEE TRUSTEE	4.00	Director	$0	$0	$0
JEFFREY A GRINNELL	EMPLOYEE TRUSTEE	2.00	Director	$0	$0	$0
ROBERT L FURKA	EMPLOYEE TRUSTEE	2.00	Director	$0	$0	$0
JASON MARKOVICH	EMPLOYEE TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH J LAQUATRA JR	EMPLOYEE TRUSTEE	3.00	Director	$0	$0	$0
MARK G TOY	EMPLOYEE TRUSTEE	2.00	Director	$0	$0	$0
ADAM HARRIS	EMPLOYEE TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL A FACCHIANO JR	EMPLOYER TRUSTEE	3.00	Director	$0	$0	$0
JOHN C MASCARO JR	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
GEORGE E MEZEY	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JAKE PLOEGER	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH A WATTICK	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
PAUL SCABILLONI	EMPLOYER TRUSTEE	3.00	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
2024	$123,288,554	$91,201,494	$532,676,834	$32,087,060
2023	$128,534,481	$86,919,714	$479,750,876	$41,614,767
2022	$110,595,779	$87,985,226	$426,531,211	$22,610,553
2021	$123,748,784	$91,313,322	$418,949,170	$32,435,462
2020	$111,084,102	$89,776,376	$360,180,806	$21,307,726
2019	$148,603,686	$87,944,287	$329,665,320	$60,659,399
2018	$126,790,736	$89,032,053	$245,689,796	$37,758,683

LABORERS' DISTRICT COUNCIL OF WESTERN PENNSYLVANIA WELFARE FUND