CHICAGO TRUCK DRIVERS UNION HEALTH AND WELFARE FUND (EIN 362371000) - 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

1953

Legal Domicile

Principal Officer

MICHAEL RAMIREZ

Phone

7089240828

Tax Period

2024-04-01 to 2025-03-31

CHICAGO TRUCK DRIVERS UNION HEALTH AND WELFARE FUND, founded in 1953, is a mid-sized nonprofit in the Mutual Benefit sector that reported $15.3M in total revenue in fiscal year 2024. The organization ran a surplus of $3.3M, a strong 22% operating margin.

Mission

TO PROVIDE MEDICAL, HOSPITALIZATION, AND OTHER BENEFITS AS PROVIDED IN THE PLAN DOCUMENT TO ALL ELIGIBLE PARTICIPANTS AND 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,613,258

Investment Income $400,067

Other Revenue $321,576

TOTAL REVENUE $15,334,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $664,504

Fundraising Expenses $0

Other Expenses $262,401

TOTAL EXPENSES $11,989,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,334,901	$14,677,653	+0.0%
Expenses	$11,989,900	$13,059,234	-0.1%
Net Income	$3,345,001	$1,618,419	+1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD SHERLOCK	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY RYAN	TRUSTEE	2.00	Director	$0	$0	$0
R J EMERICK	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH BARTON	TRUSTEE	2.00	Director	$0	$0	$0
JOHN RULE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL RAMIREZ	TRUSTEE	2.00	Director	$0	$0	$0
APRIL BOUGIS	ASSISTANT FUND MANAGER	40.00	Highest	$103,747	$26,022	$129,769

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	$15,334,901	$11,989,900	$35,782,316	$3,345,001
2024	$14,677,653	$13,059,234	$31,045,201	$1,618,419
2023	$14,389,576	$12,731,971	$27,708,040	$1,657,605
2022	$14,282,543	$12,583,315	$26,763,794	$1,699,228
2021	$14,191,315	$12,280,580	$25,075,114	$1,910,735
2020	$15,423,110	$12,776,777	$21,107,265	$2,646,333
2019	$17,327,110	$14,712,529	$18,786,344	$2,614,581
2018	$16,705,865	$15,177,576	$15,463,772	$1,528,289

CHICAGO TRUCK DRIVERS UNION HEALTH AND WELFARE FUND