CHICAGO AND VICINITY LABORERS' DISTRICT COUNCIL HEALTH & WELFARE PLAN (EIN 362151212) - 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

1950

Legal Domicile

Principal Officer

CATHERINE WENSKUS

Phone

7085620200

Tax Period

2024-06-01 to 2025-05-31

HEALTH & WELFARE DEPT OF THE CONSTR & GEN LBRS DIST CNCL OF CH & VICIN, founded in 1950, is a major nonprofit that reported $222.0M in total revenue in fiscal year 2017. Expenses of $190.1M left a modest 14% surplus.

Mission

THE PLAN PROVIDES HEALTH, PRESCRIPTION, DENTAL, VISION AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND 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 $243,565,529

Investment Income $21,572,984

Other Revenue $1,055,255

TOTAL REVENUE $266,193,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,887,991

Fundraising Expenses $0

Other Expenses $4,531,738

TOTAL EXPENSES $271,244,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,193,768	$263,902,860	+0.0%
Expenses	$271,244,288	$248,266,759	+0.1%
Net Income	$-5,050,520	$15,636,101	-1.3%

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

$410,664

Total Directors

$3,194,958

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CONNOLLY	TRUSTEE	1.00	Director	$0	$214,494	$695,896
JOSEPH HEALY	TRUSTEE	1.00	Director	$0	$208,279	$687,270
MARTIN FLANAGAN	TRUSTEE	1.00	Director	$0	$183,130	$565,464
RICHARD KUCZKOWSKI	TRUSTEE	1.00	Director	$0	$174,606	$536,623
LOYD VAUGHN	TRUSTEE	1.00	Director	$0	$132,250	$368,722
FRANK TAFFORA	TRUSTEE	1.00	Director	$0	$131,916	$340,983
KEVIN CAMOSY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM GALLAGHER	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
CLIFTON HORN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LORIG	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE WENSKUS	ADMINISTRATOR	8.00	Officer	$0	$140,803	$410,664

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	$266,193,768	$271,244,288	$705,149,891	$-5,050,520
2024	$263,902,860	$248,266,759	$680,324,904	$15,636,101
2023	$263,903,387	$235,909,203	$626,781,989	$27,994,184
2022	$245,355,059	$215,027,065	$608,269,724	$30,327,994
2021	$222,045,222	$205,356,230	$608,474,210	$16,688,992
2019	$230,109,007	$204,144,463	$522,991,842	$25,964,544
2018	$221,976,458	$190,148,976	$478,245,119	$31,827,482

CHICAGO AND VICINITY LABORERS' DISTRICT COUNCIL HEALTH & WELFARE PLAN