BRICKLAYERS UNION LOCAL NO 6 OF INDIANA WELFARE FUND (EIN 350940329) - 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

1954

Legal Domicile

Principal Officer

ROBERT PUZA

Phone

2197693376

Tax Period

2024-03-01 to 2025-02-28

BRICKLAYERS UNION LOCAL NO 6 OF INDIANA WELFARE FUND, founded in 1954, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $11.2M represent 26 months of operating reserves.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS AND LIFE INSURANCE COVERAGE FOR PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS.

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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 $4,563,307

Investment Income $689,453

Other Revenue $0

TOTAL REVENUE $5,252,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,546

Fundraising Expenses $0

Other Expenses $237,194

TOTAL EXPENSES $5,422,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,252,760	$4,781,459	+0.1%
Expenses	$5,422,763	$5,257,126	+0.0%
Net Income	$-170,003	$-475,667	-0.6%

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

$147,437

Total Directors

$323,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK CLARK	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY COLVIN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS DOOLIN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY CAVINDER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ZEMAITIS	TRUSTEE	1.00	Director	$0	$0	$0
TIM WHITE	TRUSTEE	1.00	Director	$0	$0	$0
JASON BARNARD	TRUSTEE	1.00	Director	$0	$0	$0
DONALD SUMMAR	TRUSTEE	1.00	Director	$0	$83,494	$188,030
TODD ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PATTERSON	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES ISHMAEL	TRUSTEE - NEW	1.00	Director	$0	$42,462	$135,380
BOB WILCZYNSKI	TRUSTEE - NEW	1.00	Director	$0	$0	$0
ANTHONY ARENS	TRUSTEE - PAST	1.00	Director	$0	$0	$0
TIM KAPITAN	TRUSTEE - PAST	1.00	Director	$0	$0	$0
ROBERT PUZA	FUND MANAGER	20.00	Officer	$0	$58,303	$147,437

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	$5,252,760	$5,422,763	$11,335,934	$-170,003
2024	$4,781,459	$5,257,126	$11,385,124	$-475,667
2023	$4,305,310	$3,764,910	$11,318,815	$540,400
2022	$4,332,512	$3,842,132	$11,685,696	$490,380
2021	$4,038,868	$3,643,955	$11,274,059	$394,913
2019	$4,380,869	$3,933,575	$9,495,528	$447,294

BRICKLAYERS UNION LOCAL NO 6 OF INDIANA WELFARE FUND