OPCMIA LOCAL 526 WELFARE FUND (EIN 256103482) - 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

1968

Legal Domicile

Principal Officer

KENNETH R HARMON

Phone

4127616166

Tax Period

2024-06-01 to 2025-05-31

OPCMIA LOCAL 526 WELFARE FUND, founded in 1968, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 18% operating margin.

Mission

HEALTH PLAN

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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 $6,260,146

Investment Income $563,271

Other Revenue $47,420

TOTAL REVENUE $6,870,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $483,437

TOTAL EXPENSES $5,626,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,870,837	$6,602,956	+0.0%
Expenses	$5,626,563	$5,390,970	+0.0%
Net Income	$1,244,274	$1,211,986	+0.0%

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
CAMERON RUPERT	TRUSTEE	2.00	Director	$0	$0	$0
JOHN SWENGLISH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT CZERNIEWSKI	TRUSTEE	1.00	Director	$0	$0	$0
KEN HARMON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SCIULLO	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES FISCHER	TRUSTEE	1.00	Director	$0	$0	$0
DINO FOLINO	TRUSTEE	1.00	Director	$0	$0	$0
JON O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
AUGUST DIDIANO	TRUSTEE	1.00	Director	$0	$0	$0
FRED EPISCOPO	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	$6,870,837	$5,626,563	$18,477,305	$1,244,274
2024	$6,602,956	$5,390,970	$16,792,668	$1,211,986
2023	$6,386,496	$5,510,221	$14,739,544	$876,275
2022	$6,062,010	$6,062,704	$13,929,557	$-694
2021	$5,736,181	$5,966,110	$14,443,159	$-229,929

OPCMIA LOCAL 526 WELFARE FUND