ASBESTOS WORKERS LOCAL NO 3 HEALTH AND WELFARE FUND (EIN 341286578) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Phone

3302700453

Tax Period

2024-06-01 to 2025-05-31

ASBESTOS WORKERS LOCAL NO 3 HEALTH AND WELFARE FUND, founded in 1979, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Expenses of $3.6M left a modest 15% surplus.

Mission

A VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION FOR A COLLECTIVELY-BARGAINED PLAN THAT PROVIDES WELFARE BENEFITS FOR ITS MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,088,411

Investment Income $125,572

Other Revenue $6,854

TOTAL REVENUE $4,220,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $160,942

TOTAL EXPENSES $3,600,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,220,837	$4,158,148	+0.0%
Expenses	$3,600,555	$3,706,680	0.0%
Net Income	$620,282	$451,468	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JAMES GALLAGHER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER SCARL	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN SOMERVILLE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS DAKE II	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS DAKE	TRUSTEE	1.00	Director	$0	$0	$0
GUS HOYAS	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	$4,220,837	$3,600,555	$7,434,275	$620,282
2024	$4,158,148	$3,706,680	$5,836,757	$451,468
2023	$4,160,546	$3,257,903	$5,177,250	$902,643
2022	$3,392,692	$2,906,105	$4,514,215	$486,587
2021	$3,159,358	$2,502,565	$4,092,687	$656,793
2020	$2,832,046	$2,528,852	$3,278,500	$303,194
2019	$2,929,508	$2,524,887	$2,965,032	$404,621
2018	$2,529,112	$2,522,658	$2,533,798	$6,454

ASBESTOS WORKERS LOCAL NO 3 HEALTH AND WELFARE FUND