BAC LOCAL 23 NORTH SHORE CHAPTER HEALTH AND WELFARE FUND (EIN 340754400) - 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

TIM LINVILLE

Phone

2165201644

Tax Period

2024-03-01 to 2025-02-28

BAC LOCAL 23 NORTH SHORE CHAPTER HEALTH AND WELFARE FUND, founded in 1953, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $8.0M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH, DISABILITY, DENTAL, LIFE INSURANCE AND DEATH BENEFITS TO ELIGIBLE MEMBERS.

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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 $8,398,385

Investment Income $423,006

Other Revenue $353,290

TOTAL REVENUE $9,174,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,970

Fundraising Expenses $0

Other Expenses $505,290

TOTAL EXPENSES $7,978,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,174,681	$8,357,773	+0.1%
Expenses	$7,978,546	$8,315,649	0.0%
Net Income	$1,196,135	$42,124	+27.4%

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
DAVE W ADDIS	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNE MORGAN COST	TRUSTEE	1.00	Director	$0	$0	$0
TERENCE HALLORAN	TRUSTEE	1.00	Director	$0	$0	$0
TIM LINVILLE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT J ZAVAGNO	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	$9,174,681	$7,978,546	$16,379,249	$1,196,135
2023	$8,325,255	$9,241,282	$12,833,340	$-916,027
2022	$7,349,203	$9,404,713	$14,279,693	$-2,055,510
2021	$6,836,256	$6,642,989	$14,846,947	$193,267
2020	$7,764,276	$8,003,987	$14,110,990	$-239,711
2019	$7,495,387	$8,546,005	$13,977,251	$-1,050,618
2018	$7,238,010	$8,870,147	$15,696,903	$-1,632,137

BAC LOCAL 23 NORTH SHORE CHAPTER HEALTH AND WELFARE FUND