EXCAVATING & BUILDING MATL DRIVERS… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

MICHAEL WILCHER

Phone

4192543322

Tax Period

2024-01-01 to 2024-09-30

EXCAVATING & BUILDING MATL DRIVERS UNION LOCAL 436 WELFARE FUND, founded in 1952, is a micro nonprofit that reported $33K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $42K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE MAJOR MEDICAL, LIFE, PRESCRIPTION AND OTHER BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES MEDICAL AND RELATED BENEFITS DESCRIBED IN ITS SUMMARY PLAN DESCRIPTION AND IN ACCORDANCE WITH COLLECTIVE BARGAINING AGREEMENTS NEGOTIATED WITH PARTICIPATING EMPLOYERS.

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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 $32,824

Investment Income $58

Other Revenue $606

TOTAL REVENUE $33,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,214

TOTAL EXPENSES $42,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,488	$2,640,055	-1.0%
Expenses	$42,252	$3,156,352	-1.0%
Net Income	$-8,764	$-516,297	-1.0%

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

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
MICHAEL WILCHER	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
2024	$33,488	$42,252	No data	$-8,764
2023	$2,640,055	$3,156,352	$1,110,024	$-516,297
2022	$2,911,483	$2,705,110	$1,640,793	$206,373
2021	$3,057,068	$2,863,867	$1,467,420	$193,201
2020	$3,244,652	$3,774,451	$1,328,987	$-529,799
2019	$3,211,073	$3,838,952	$1,709,923	$-627,879
2018	$3,619,111	$3,922,491	$2,221,514	$-303,380

EXCAVATING & BUILDING MATL DRIVERS UNION LOCAL 436 WELFARE FUND