GLDC-ILA 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

1999

Legal Domicile

Principal Officer

JOHN D BAKER

Phone

2167817816

Tax Period

2023-01-01 to 2023-12-31

GLDC-ILA HEALTH AND WELFARE FUND, founded in 1999, is a community nonprofit in the Mutual Benefit sector that reported $9.1M in total revenue in fiscal year 2023. Expenses of $8.8M left a modest 3% surplus.

Mission

TO PROVIDE HEALTH BENEFITS AND LIFE INSURANCE COVERAGE TO THOSE WHO ARE ELIGIBLE AND THEIR COVERED DEPENDENTS.

Program Service Accomplishments

Program 1

Expenses: $8,717,836

TO PROVIDE HEALTH BENEFITS, INCLUDING MEDICAL, HOSPITAL, SURGICAL, MAJOR MEDICAL, PRESCRIPTION DRUG, VISION CARE AND DENTAL, AND LIFE INSURANCE COVERAGE TO THOSE WHO ARE ELIGIBILE AND THEIR COVERED...

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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 $8,804,011

Investment Income $212

Other Revenue $260,585

TOTAL REVENUE $9,064,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,717,836

Other Expenses $60,466

TOTAL EXPENSES $8,778,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,064,808	$8,913,900	+0.0%
Expenses	$8,778,302	$8,415,972	+0.0%
Net Income	$286,506	$497,928	-0.4%

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

N/A

Volunteers

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
JOHN D BAKER	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER DUGAS	TRUSTEE	0.50	Director	$0	$0	$0
BRIAN LARUE	TRUSTEE, 1/23-2/23	0.50	Director	$0	$0	$0
WILLIAM E YOCKEY	TRUSTEE	0.50	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	No data	No data	No data	No data
2023	$9,064,808	$8,778,302	$2,750,138	$286,506
2022	$8,913,900	$8,415,972	$2,520,048	$497,928
2021	$8,428,668	$7,966,324	$2,259,272	$462,344
2020	$7,954,949	$7,795,861	$1,748,677	$159,088
2019	$8,193,990	$7,937,519	$1,608,800	$256,471
2018	$8,311,516	$7,865,676	$1,381,936	$445,840