CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND

EIN: 362196729

BELLWOOD, IL

Total Revenue
$30,992,756
Total Expenses
$25,581,042
Total Assets
$80,553,094
Net Assets
$80,164,687
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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
IL
Principal Officer
KEVIN J FARLEY
Phone
7085449105
Tax Period
2023-01-01 to 2023-12-31

CEMENT MASONS INSTITUTE LOCAL 502 WELFARE TRUST FUND, founded in 1950, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2018. Expenses of $21.0M left a modest 12% surplus.

Mission

PROVIDE HEALTH 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,763,142
Investment Income $2,007,470
Other Revenue $222,144
TOTAL REVENUE $30,992,756

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,990,415
Fundraising Expenses $0
Other Expenses $1,154,737
TOTAL EXPENSES $25,581,042

Year-over-Year Comparison

2023 2022 Change
Revenue $30,992,756 $27,817,282 +0.1%
Expenses $25,581,042 $23,804,139 +0.1%
Net Income $5,411,714 $4,013,143 +0.3%
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

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Governance

Voting Members
12
Independent Members
6
Employees
27
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
1
$240,028
Total Directors
14
$988,321
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE PICARDI SR TRUSTEE 2.00
Director
$0 $131,077 $313,532
SANDRA HUNT TRUSTEE 1.00
Director
$4,434 $0 $6,172
ANTONIO ACEVEDO TRUSTEE 1.00
Director
$0 $76,681 $228,846
JAY LA SALA TRUSTEE 1.00
Director
$4,036 $38,767 $101,540
KEVIN FARLEY TRUSTEE 2.00
Director
$0 $137,878 $331,957
GUADALUPE RODRIGUEZ TRUSTEE - PAST 1.00
Director
$1,592 $1,211 $2,803
STEVE BAUMGARTNER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL DYNOWSKI TRUSTEE 1.00
Director
$0 $0 $0
JOHN HALLBERG TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL KOLBERG TRUSTEE 2.00
Director
$0 $0 $0
ROBERT KUTROVATZ TRUSTEE 1.00
Director
$0 $0 $0
LANCE HORNADAY TRUSTEE - PAST 1.00
Director
$0 $0 $0
ANTHONY FARRELL TRUSTEE - NEW 1.00
Director
$0 $629 $629
BRIAN BARRY TRUSTEE - NEW 1.00
Director
$2,842 $0 $2,842
WILLIAM BEEMAN ADMINISTRATOR 18.00
Officer
$151,812 $84,141 $240,028
ANGELO FEOLA COLLECTION COORDINATOR 14.00
Highest
$144,404 $76,682 $222,361
COLLEEN LAKIS CONTROLLER 10.00
Highest
$113,317 $61,761 $175,078
CHARLIE PICARDI COLLECTION COORDINATOR 20.00
Highest
$136,154 $69,222 $206,651
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 No data No data No data No data
2023 $30,992,756 $25,581,042 $80,553,094 $5,411,714
2022 $27,817,282 $23,804,139 $71,138,874 $4,013,143
2021 $26,301,088 $25,219,582 $78,446,499 $1,081,506
2020 $25,401,402 $21,048,184 $70,858,183 $4,353,218
2019 $25,846,674 $22,136,224 $62,043,393 $3,710,450
2018 $23,911,972 $20,958,480 $54,394,834 $2,953,492
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