INDIANA LABORERS WELFARE FUND

EIN: 350923209

TERRE HAUTE, IN

Total Revenue
$142,979,855
Total Expenses
$112,390,431
Total Assets
$405,611,854
Net Assets
$380,752,098
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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
1953
Legal Domicile
IN
Principal Officer
BRIAN SHORT
Phone
8122382551
Tax Period
2023-12-01 to 2024-11-30

INDIANA LABORERS WELFARE FUND, founded in 1953, is a major nonprofit that reported $143.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $30.6M, a strong 21% operating margin.

Mission

PROVIDE HEALTH & WELFARE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $130,186,271
Investment Income $12,773,525
Other Revenue $20,059
TOTAL REVENUE $142,979,855

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,716,322
Fundraising Expenses $0
Other Expenses $8,584,483
TOTAL EXPENSES $112,390,431

Year-over-Year Comparison

2023 2022 Change
Revenue $142,979,855 $127,344,309 +0.1%
Expenses $112,390,431 $96,699,793 +0.2%
Net Income $30,589,424 $30,644,516 0.0%
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

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Governance

Voting Members
14
Independent Members
14
Employees
305
Volunteers
14

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
2
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY AYRES TRUSTEE 1.00
Director
$0 $0 $0
ANDREW ANGEL TRUSTEE 1.00
Director
$0 $0 $0
JAMES W DANIELS TRUSTEE 1.00
Director
$0 $0 $0
JEFFERY CHAPMAN TRUSTEE 1.00
Director
$0 $0 $0
DANNY STULTS TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM A HASSE III TRUSTEE 1.00
Director
$0 $0 $0
JIM MCDONALD CHAIRMAN 1.00
Officer Director
$0 $0 $0
MURRAY MILLER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN ROACH TRUSTEE 1.00
Director
$0 $0 $0
BRIAN SHORT TREASURER 1.00
Officer Director
$0 $0 $0
JIM TERRY TRUSTEE 1.00
Director
$0 $0 $0
BUTCH MCAREAVY TRUSTEE 1.00
Director
$0 $0 $0
MIKE FERRARA TRUSTEE 1.00
Director
$0 $0 $0
DAVE PODLOGAR 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 $142,979,855 $112,390,431 $405,611,854 $30,589,424
2023 $127,344,309 $96,699,793 $345,262,609 $30,644,516
2022 $104,451,795 $95,511,680 $302,582,748 $8,940,115
2021 $117,994,109 $101,017,831 $297,651,155 $16,976,278
2020 $102,892,384 $103,908,288 $276,143,032 $-1,015,904
2019 $102,595,527 $93,354,421 $261,228,383 $9,241,106
2018 $98,780,027 $98,435,322 $241,777,245 $344,705
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