CHICAGO TILE INSTITUTE WELFARE FUND (EIN 362325442) - 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

1959

Legal Domicile

Principal Officer

BRIAN CASTRO

Phone

6309244990

Tax Period

2023-01-01 to 2023-12-31

CHICAGO TILE INSTITUTE WELFARE FUND, founded in 1959, is a mid-sized nonprofit that reported $16.1M in total revenue in fiscal year 2023. Expenses of $14.4M left a modest 10% surplus.

Mission

TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS BENEFITS AS DESCRIBED IN THE PLAN DOCUMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,634,911

Investment Income $1,081,681

Other Revenue $348,142

TOTAL REVENUE $16,064,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $675,031

Fundraising Expenses $0

Other Expenses $540,666

TOTAL EXPENSES $14,384,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,064,734	$16,854,421	0.0%
Expenses	$14,384,538	$14,699,202	0.0%
Net Income	$1,680,196	$2,155,219	-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

N/A

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

$251,562

Total Directors

$938,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL J TROSTRUD JR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PETRITIS	SECRETARY	1.00	Director	$0	$97,168	$253,244
MIKE ROBERSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN CASTRO	CHAIRMAN	1.00	Director	$0	$0	$0
GENEVIEVE TUCCI	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MURRAY	TRUSTEE	1.00	Director	$0	$94,729	$234,638
DEAN GOTTSCHALK	TRUSTEE	1.00	Director	$0	$92,078	$215,639
ANTHONY DEMME	TRUSTEE	1.00	Director	$0	$94,480	$234,643
ANN WYDRA	PLAN ADMINISTRATOR	27.00	Officer	$192,250	$59,312	$251,562

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	$16,064,734	$14,384,538	$48,032,632	$1,680,196
2022	$16,854,421	$14,699,202	$43,994,090	$2,155,219
2021	$18,004,307	$18,537,878	$50,608,161	$-533,571
2020	$14,602,263	$18,431,036	$48,929,442	$-3,828,773
2019	$17,205,694	$17,263,188	$46,394,394	$-57,494
2018	$16,585,095	$14,211,795	$40,018,491	$2,373,300

CHICAGO TILE INSTITUTE WELFARE FUND