MID-AMERICA CARPENTERS REGIONAL COUNCIL HEALTH FUND

EIN: 362229735

CHICAGO, IL

Total Revenue
$432,802,350
Total Expenses
$390,950,201
Total Assets
$1,360,580,293
Net Assets
$1,326,288,829
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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
IL
Principal Officer
GARY PERINAR JR
Phone
3127879455
Tax Period
2024-07-01 to 2025-06-30

CHICAGO REGIONAL COUNCIL OF CARPENTERS WELFARE FUND, founded in 1953, is a major nonprofit that reported $293.2M in total revenue in fiscal year 2017. The organization ran a surplus of $73.8M, a strong 25% operating margin.

Mission

HEALTH BENEFIT FUND

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $387,758,440
Investment Income $44,669,647
Other Revenue $374,263
TOTAL REVENUE $432,802,350

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $14,642,691
TOTAL EXPENSES $390,950,201

Year-over-Year Comparison

2024 2023 Change
Revenue $432,802,350 $324,114,744 +0.3%
Expenses $390,950,201 $357,435,337 +0.1%
Net Income $41,852,149 $-33,320,593 -2.3%
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
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
2
$683,806
Total Directors
16
$2,946,740
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD W THIEL JR TRUSTEE 2.00
Director
$0 $0 $0
KEVIN GESHWENDER TRUSTEE 2.00
Director
$0 $0 $0
MIKE FOREST TRUSTEE 2.00
Director
$0 $0 $0
GEORGE TUHOWSKI III TRUSTEE - PAST 2.00
Director
$0 $0 $0
JOEL POGOSE TRUSTEE 2.00
Director
$0 $145,997 $462,582
MICHAEL SUDOL TRUSTEE 2.00
Director
$0 $0 $0
JOHN M JARGER TRUSTEE - PAST 2.00
Director
$0 $142,404 $429,824
GARY PERINAR JR TRUSTEE 2.00
Director
$0 $45,884 $120,536
THOMAS RYAN JR TRUSTEE - PAST 2.00
Director
$0 $119,636 $333,761
BRETT SZABO TRUSTEE - PAST 2.00
Director
$0 $0 $0
KEVIN MCLAUGHLIN TRUSTEE 2.00
Director
$0 $161,544 $541,802
WADE BEASLEY TRUSTEE 2.00
Director
$0 $147,078 $433,907
ROCKY KLOTH TRUSTEE - NEW 2.00
Director
$0 $91,014 $310,644
STEPHEN PINKLEY TRUSTEE - NEW 2.00
Director
$0 $90,800 $313,684
GERHARD GLASSL TRUSTEE - NEW 2.00
Director
$0 $0 $0
BRIAN MURPHY TRUSTEE - NEW 2.00
Director
$0 $0 $0
KRISTINA GUASTAFERRI EXECUTIVE DIRECTOR 20.00
Officer
$0 $79,768 $408,973
BREANNA RADTKE ADMINISTRATOR 20.00
Officer
$0 $79,768 $274,833
TIM DROGOS CONTROLLER 20.00
Highest
$0 $79,768 $275,954
BRIAN LESTERS IT MANAGER 20.00
Highest
$0 $79,768 $234,783
SHARI BOBOWSKI COMPLIANCE MANAGER 20.00
Highest
$0 $79,768 $229,582
KENNETH WEIDMAN HEALTH BENEFITS MGR. 40.00
Highest
$0 $79,768 $209,768
JOHN CONKLIN PAYROLL AUDIT MGR. 20.00
Highest
$0 $79,768 $204,476
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 $432,802,350 $390,950,201 $1,360,580,293 $41,852,149
2024 $324,114,744 $357,435,337 $921,762,741 $-33,320,593
2023 $321,576,583 $328,271,434 $921,344,155 $-6,694,851
2022 $278,332,629 $302,905,310 $911,863,791 $-24,572,681
2021 $296,188,790 $302,462,048 $1,016,590,757 $-6,273,258
2020 $292,520,937 $273,569,333 $959,507,325 $18,951,604
2019 $305,952,757 $261,193,810 $918,215,522 $44,758,947
2018 $293,168,462 $219,404,086 $850,387,308 $73,764,376
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