LOCAL 99 HEALTH AND WELFARE FUND

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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

1946

Legal Domicile

Principal Officer

KEVIN MCCANN

Phone

9737356464

Tax Period

2024-01-01 to 2024-12-31

LOCAL 99 HEALTH AND WELFARE FUND, founded in 1946, is a mid-sized nonprofit in the Mutual Benefit sector that reported $27.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS WHO ARE EMPLOYED IN COVERED CRAFTS BY EMPLOYERS WHO CONTRIBUTE TO THE FUND

Program Service Accomplishments

Program 1

HEALTH AND WELFARE BENEFITS PAID TO OR FOR PARTICIPANTS AND BENEFICIARIES, APPROXIMATELY 2,000 PARTICIPANTS WERE INVOLVED.

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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 $25,827,049

Investment Income $2,116,656

Other Revenue $0

TOTAL REVENUE $27,943,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,009,671

TOTAL EXPENSES $27,469,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,943,705	$23,837,555	+0.2%
Expenses	$27,469,021	$23,711,268	+0.2%
Net Income	$474,684	$126,287	+2.8%

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
ALBERTO ARROYO	TRUSTEE	10.00	Director	$0	$0	$0
KEVIN MCCANN	TRUSTEE	30.00	Director	$0	$0	$0
MARILYN RUSSELL	TRUSTEE	2.00	Director	$0	$0	$0
DAVID TORUNO	TRUSTEE	2.00	Director	$0	$0	$0
CECILIA GOMEZ	TRUSTEE	2.00	Director	$0	$0	$0
CLEVELAND JENKINS	TRUSTEE	2.00	Director	$0	$0	$0
MARTIN CANTURIANO	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA RICH	EXECUTIVE DIRECTOR	35.00	Director	$0	$0	$0
MAYRA DIFO	TRUSTEE	2.00	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	$27,943,705	$27,469,021	$31,870,479	$474,684
2023	$23,837,555	$23,711,268	$31,244,955	$126,287
2022	$22,972,820	$21,934,400	$28,226,446	$1,038,420
2021	$26,401,860	$29,760,265	$29,198,037	$-3,358,405
2020	$29,420,486	$30,636,615	$33,745,320	$-1,216,129
2019	$25,378,642	$26,907,976	$35,575,817	$-1,529,334
2018	$26,044,200	$29,649,069	$35,029,722	$-3,604,869