NORTH CENTRAL ILLINOIS LABORERS HEALTH & WELFARE FUND (EIN 300088171) - 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

2002

Legal Domicile

Principal Officer

HOLLY BRYANT

Phone

3096920860

Tax Period

2023-07-01 to 2024-06-30

NORTH CENTRAL ILLINOIS LABORERS HEALTH & WELFARE FUND, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $29.2M in total revenue in fiscal year 2023.

Mission

PROVIDE HEALTH, DISABILITY & DEATH BENEFITS TO ELIGIBLE PARTICIPANTS, DEPENDENTS, & BENEFICIARIES

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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 $27,477,290

Investment Income $1,554,901

Other Revenue $135,297

TOTAL REVENUE $29,167,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $567,440

Fundraising Expenses $0

Other Expenses $1,446,506

TOTAL EXPENSES $30,248,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,167,488	$29,124,755	+0.0%
Expenses	$30,248,571	$30,543,259	0.0%
Net Income	$-1,081,083	$-1,418,504	-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

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

$147,032

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE COWAN	TRUSTEE	2.00	Director	$0	$0	$0
MIKE CULLINAN	TRUSTEE	2.00	Director	$0	$0	$0
RON PAUL	TRUSTEE	2.00	Director	$0	$0	$0
TIM SCHMIDGALL - PAST	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL W SMITH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAN AUSSEM - PAST	TRUSTEE	2.00	Officer Director	$0	$0	$0
TONY PENN	TRUSTEE	2.00	Director	$0	$0	$0
FORTUNATO SALAMONE	TRUSTEE	2.00	Director	$0	$0	$0
DAVID ANSPAUGH	TRUSTEE	2.00	Director	$0	$0	$0
JASON BREWER	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN DALE	TRUSTEE	2.00	Director	$0	$0	$0
CARLA JOCKISCH	TRUSTEE	2.00	Director	$0	$0	$0
MATT BARTOLO	TRUSTEE	2.00	Director	$0	$0	$0
AMY MCNALLY	TRUSTEE	2.00	Director	$0	$0	$0
HOLLY BRYANT	PLAN ADMINISTRATOR	40.00	Officer	$72,558	$74,474	$147,032

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	$29,167,488	$30,248,571	$52,834,017	$-1,081,083
2023	$29,124,755	$30,543,259	$52,916,184	$-1,418,504
2022	$27,717,326	$13,714,967	$55,081,500	$14,002,359
2021	$27,296,310	$26,687,880	$53,685,664	$608,430
2020	$26,467,315	$25,191,088	$48,721,606	$1,276,227
2019	$24,700,759	$23,327,991	$45,015,253	$1,372,768
2018	$23,815,678	$25,871,417	$42,771,384	$-2,055,739

NORTH CENTRAL ILLINOIS LABORERS HEALTH & WELFARE FUND