UNION OF ROOFERS WATERPROOFERS & ALLIED WORKERS LOCAL 44 WELFARE FUND (EIN 346621298) - 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

1969

Legal Domicile

Principal Officer

PAIGE LAVELLE

Phone

2167718220

Tax Period

2024-05-01 to 2025-04-30

UNION OF ROOFERS WATERPROOFERS & ALLIED WORKERS LOCAL 44 WELFARE FUND, founded in 1969, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE WELFARE FUND IS A MULTIEMPLOYER FUND THAT PROVIDES (CONTINUED ON SCHEDULE O)HEALTH AND WELFARE BENEFITS TO UNION MEMBERS, INCLUDING: HEALTH INSURANCE, LIFE, ACCIDENTAL DEATH, AND OTHER BENEFITS.

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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 $3,432,803

Investment Income $177,830

Other Revenue $2,891

TOTAL REVENUE $3,613,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,990

Fundraising Expenses $0

Program Expenses $3,794,760

Other Expenses $390,443

TOTAL EXPENSES $3,794,760

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,613,524	$3,978,739	-0.1%
Expenses	$3,794,760	$3,598,797	+0.1%
Net Income	$-181,236	$379,942	-1.5%

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

$81,641

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TREVOR COST	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM FRANKLIN	TRUSTEE	1.00	Director	$0	$0	$0
TIM LINVILLE	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
CHRIS MILLIRON	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
MIKE VASEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN WASILKO JR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WILLHAM	TRUSTEE	1.00	Director	$0	$0	$0
STEVE WILLHAM	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA MAYER	ADMINISTRATIVE MANAGER, 5/1-6/30	40.00	Officer	$0	$0	$17,945
PAIGE LAVELLE	ADMINISTRATIVE MANAGER, 8/19-PRESENT	40.00	Officer	$0	$0	$62,308
CHRISTINE KRENZKAMMER	ADMINISTRATIVE ASSISTANT 5/1-6/30	40.00	Officer	$0	$0	$1,388

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	$3,613,524	$3,794,760	$3,378,477	$-181,236
2024	$3,978,739	$3,598,797	$3,275,507	$379,942
2023	$3,848,056	$3,657,668	$2,944,053	$190,388
2022	$4,513,818	$3,374,858	$3,013,836	$1,138,960
2021	$3,149,058	$3,212,562	$2,108,690	$-63,504
2020	$3,654,588	$3,381,714	$2,153,014	$272,874
2019	$3,743,719	$3,377,002	$2,007,760	$366,717
2018	$3,653,826	$3,614,125	$1,169,038	$39,701

UNION OF ROOFERS WATERPROOFERS & ALLIED WORKERS LOCAL 44 WELFARE FUND