AUTOMOBILE MECHANICS' LOCAL NO 701 UNION AND INDUSTRY WELFARE

EIN: 362331071

BURR RIDGE, IL

Total Revenue
$120,736,960
Total Expenses
$96,707,869
Total Assets
$276,532,264
Net Assets
$264,559,025
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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
1956
Legal Domicile
IL
Principal Officer
JENNY EARTH-GILLUND
Phone
7084820110
Tax Period
2023-01-01 to 2023-12-31

AUTOMOBILE MECHANICS' LOCAL NO 701 UNION AND INDUSTRY WELFARE, founded in 1956, is a major nonprofit that reported $120.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $24.0M, a strong 20% operating margin.

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, LIFE AND DISABILITY BENFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES

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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 $113,261,763
Investment Income $7,199,242
Other Revenue $275,955
TOTAL REVENUE $120,736,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,487,298
Fundraising Expenses $0
Other Expenses $1,447,698
TOTAL EXPENSES $96,707,869

Year-over-Year Comparison

2023 2022 Change
Revenue $120,736,960 $101,290,564 +0.2%
Expenses $96,707,869 $88,070,487 +0.1%
Net Income $24,029,091 $13,220,077 +0.8%
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
6
Independent Members
6
Employees
14
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
0
$0
Total Directors
6
$263,985
Key Employees
1
$276,900
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS KONECKI TRUSTEE 1.00
Director
$0 $0 $0
SAM CICINELLI TRUSTEE 1.00
Director
$0 $0 $0
RONALD FETTY TRUSTEE 1.00
Director
$0 $0 $0
ROBERT KEPPLER TRUSTEE 1.00
Director
$0 $0 $0
DAVID MASHEK TRUSTEE 1.00
Director
$0 $0 $0
MARK GRASSESCHI TRUSTEE 1.00
Director
$0 $71,255 $263,985
JEANINE EARTH-GILLUND FUND ADMINISTRATOR 40.00
Key Emp
$224,048 $52,852 $276,900
KRISTINE BENDY ACCOUNTING MANAGER/CONTROL 40.00
Highest
$129,769 $43,424 $173,193
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 $120,736,960 $96,707,869 $276,532,264 $24,029,091
2022 $101,290,564 $88,070,487 $233,354,268 $13,220,077
2021 $107,015,909 $93,513,601 $251,648,514 $13,502,308
2020 $93,739,920 $79,219,370 $234,038,238 $14,520,550
2019 $101,535,856 $92,654,380 $201,510,051 $8,881,476
2018 $93,201,952 $83,626,582 $173,974,964 $9,575,370
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