CENTRAL STATES SOUTHEAST & SOUTHWEST AREAS HEALTH & WELFARE FUND (EIN 362154936) - 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

THOMAS C NYHAN

Phone

8475189800

Tax Period

2024-01-01 to 2024-12-31

CENTRAL STATES SE & SW AREAS HEALTH & WELFARE FUND, founded in 1950, is a large national nonprofit that reported $3.8B in total revenue in fiscal year 2018. The organization ran a surplus of $626.3M, a strong 17% operating margin.

Mission

To provide Health and Welfare benefits to participants.

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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 $4,946,418,912

Investment Income $520,720,272

Other Revenue $912,318

TOTAL REVENUE $5,468,051,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,358,117

Fundraising Expenses $0

Program Expenses $0

Other Expenses $145,628,256

TOTAL EXPENSES $4,289,964,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,468,051,502	$5,014,226,146	+0.1%
Expenses	$4,289,964,572	$4,065,776,749	+0.1%
Net Income	$1,178,086,930	$948,449,397	+0.2%

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

769

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

$2,884,286

Total Directors

$123,970

Key Employees

$340,628

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas C Nyhan	Executive Director	39	Officer	$593,682	$118,308	$889,323
John J Franczyk Jr	General Counsel	36	Officer	$313,576	$123,628	$565,285
Robert Coco	Deputy Chief Counsel; Secretary to Board	36	Officer	$303,830	$119,924	$547,853
Steven Van Rossem	Senior Director, TeamCare	36	Officer	$250,275	$94,755	$447,255
Peter Priede	Senior Director, Employer Svcs/Pension/Finance	36	Officer	$224,526	$118,336	$434,570
Brad Berliner	Deputy General Counsel	31	Highest	$198,529	$57,582	$383,040
Charles Lee	Deputy General Counsel	31	Highest	$187,621	$57,295	$364,871
Carl E Snyder	Chief Technology Officer	37	Highest	$223,402	$57,090	$358,985
James P Eder	Group Director, Chief Information Officer	36	Key Emp	$201,828	$56,363	$340,628
Timothy C Reuter	Deputy General Counsel	31	Highest	$169,771	$61,113	$339,426
Albert M Madden	Senior Deputy General Counsel	31	Highest	$166,276	$54,334	$326,918
Mark F Angerame	Trustee	10	Director	$21,252	$0	$42,504
Gary Dunham	Trustee	10	Director	$21,252	$0	$42,504
Trevor Lawrence	Trustee	10	Director	$15,939	$0	$31,878
Charles A Whobrey	Trustee	10	Director	$3,542	$0	$7,084
Joseph Gronek	Trustee	10	Director	$0	$0	$0
Gary F Caldwell	Trustee	10	Director	$0	$0	$0
Christopher J Langan	Trustee	20	Director	$0	$0	$0
Robert Whitaker	Trustee	10	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	$5,468,051,502	$4,289,964,572	$16,587,695,170	$1,178,086,930
2023	$5,014,226,146	$4,065,776,749	$14,196,797,261	$948,449,397
2022	$5,140,839,263	$3,959,080,132	$12,055,420,607	$1,181,759,131
2021	$4,933,257,563	$3,999,604,519	$12,662,605,531	$933,653,044
2020	$4,577,481,751	$3,453,542,271	$11,108,065,700	$1,123,939,480
2019	$4,178,522,311	$3,459,244,118	$9,414,127,424	$719,278,193
2018	$3,789,637,615	$3,163,373,095	$7,981,113,921	$626,264,520

CENTRAL STATES SOUTHEAST & SOUTHWEST AREAS HEALTH & WELFARE FUND