AUTOMATIC SPRINKLER LOCAL 281 UA WELFARE FUND (EIN 362242666) - 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

1952

Legal Domicile

Principal Officer

BRYAN LAROCHE

Phone

7085971832

Tax Period

2024-01-01 to 2024-12-31

AUTOMATIC SPRINKLER LOCAL 281 UA WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $23.7M in total revenue in fiscal year 2018. The organization ran a surplus of $4.5M, a strong 19% operating margin.

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,730,662

Investment Income $1,699,642

Other Revenue $5,948

TOTAL REVENUE $30,436,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $878,239

Fundraising Expenses $0

Other Expenses $869,490

TOTAL EXPENSES $27,121,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,436,252	$28,864,385	+0.1%
Expenses	$27,121,643	$25,441,186	+0.1%
Net Income	$3,314,609	$3,423,199	0.0%

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

$710,837

Total Directors

$363,219

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL MCLAUGHLIN	TRUSTEE	1.00	Director	$0	$1,736	$5,438
ALEX SIU	TRUSTEE	3.00	Director	$0	$0	$0
BRYAN LAROCHE	CHAIRMAN, TRUSTEE	1.00	Officer Director	$0	$140,398	$357,781
LANCE GUNNELLS	SECRETARY, TRUSTEE	3.00	Officer Director	$0	$0	$0
TIM MORRIN	FUND ADMINISTRATOR	40.00	Officer	$0	$138,751	$353,056
KELLY LAVKO	ASST. FUND ADMINISTRATOR	40.00	Highest	$137,805	$52,396	$190,201

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	$30,436,252	$27,121,643	$55,502,642	$3,314,609
2023	$28,864,385	$25,441,186	$49,863,793	$3,423,199
2022	$26,753,766	$21,808,342	$43,309,737	$4,945,424
2021	$25,386,372	$21,573,520	$43,182,482	$3,812,852
2020	$24,008,390	$21,138,222	$38,103,842	$2,870,168
2019	$26,018,301	$19,700,770	$32,918,117	$6,317,531
2018	$23,681,625	$19,175,799	$24,493,222	$4,505,826

AUTOMATIC SPRINKLER LOCAL 281 UA WELFARE FUND