HEALTH & WELFARE FUND OF THE LOCAL UNION #396 (EIN 346545105) - 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

1962

Legal Domicile

Phone

3302700453

Tax Period

2024-04-01 to 2025-03-31

HEALTH & WELFARE FUND OF THE LOCAL UNION #396, founded in 1962, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH AND DEATH BENEFITS TO 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 $7,075,479

Investment Income $524,558

Other Revenue $843,431

TOTAL REVENUE $8,443,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,732

Fundraising Expenses $0

Other Expenses $1,308,131

TOTAL EXPENSES $8,300,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,443,468	$8,394,233	+0.0%
Expenses	$8,300,505	$7,960,543	+0.0%
Net Income	$142,963	$433,690	-0.7%

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

$885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MORRONE	TRUSTEE	1.00	Director	$0	$0	$0
BRENT KELLEY	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MARTY LONEY	TRUSTEE	1.00	Director	$0	$0	$0
TIM MORRISON	TRUSTEE	1.00	Director	$390	$0	$390
WESLEY PROUT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN DERAWAY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH LONGO	TRUSTEE	1.00	Director	$495	$0	$495

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	$8,443,468	$8,300,505	$18,019,557	$142,963
2024	$8,394,233	$7,960,543	$17,028,863	$433,690
2023	$8,909,537	$7,262,430	$15,954,273	$1,647,107
2022	$8,803,996	$5,927,098	$14,266,542	$2,876,898
2021	$6,546,235	$6,691,414	$11,036,038	$-145,179
2020	$6,979,401	$7,138,327	$9,828,036	$-158,926
2019	$6,996,153	$5,373,197	$10,074,270	$1,622,956
2018	$7,710,357	$5,949,658	$9,072,190	$1,760,699

HEALTH & WELFARE FUND OF THE LOCAL UNION #396