LOCAL NO 731 I B OF T HEALTH AND WELFARE FUND

EIN: 362392752

BURR RIDGE, IL

Total Revenue
$73,604,120
Total Expenses
$73,398,306
Total Assets
$111,294,997
Net Assets
$103,860,392
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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
JOHN LISNER
Phone
6308874150
Tax Period
2022-07-01 to 2023-06-30

LOCAL NO 731 I B OF T HEALTH AND WELFARE FUND, founded in 1953, is a mid-sized nonprofit that reported $73.6M in total revenue in fiscal year 2022.

Mission

TO PROVIDE MEDICAL, DENTAL, VISION, LIFE AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS

Program Service Accomplishments

Program 1

TO PROVIDE MEDICAL, DENTAL, VISION, LIFE AND LOSS OF TIME BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $72,934,687
Investment Income $669,433
Other Revenue $0
TOTAL REVENUE $73,604,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,467,887
TOTAL EXPENSES $73,398,306

Year-over-Year Comparison

2022 2021 Change
Revenue $73,604,120 $72,132,920 +0.0%
Expenses $73,398,306 $67,494,630 +0.1%
Net Income $205,814 $4,638,290 -1.0%
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

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Governance

Voting Members
10
Independent Members
5
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
1
$213,116
Total Directors
12
$1,605,671
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRENCE J HANCOCK FORMER TRUSTEE 0.50
Director
$0 $78,272 $428,006
JOHN LISNER TRUSTEE 0.50
Director
$0 $78,272 $405,563
THOMAS YONKER TRUSTEE 0.50
Director
$0 $0 $0
STEVE VOGRIN TRUSTEE 0.50
Director
$0 $0 $0
DALE BOLT TRUSTEE 0.50
Director
$0 $68,534 $330,733
JAMES BUIK TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL J CORRIGAN TRUSTEE 0.50
Director
$0 $14,739 $152,089
CHRIS KONECKI TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL RICHARDSON TRUSTEE 0.50
Director
$0 $0 $0
WALTER THIEDE FORMER TRUSTEE 0.50
Director
$0 $40,407 $183,824
JEFFREY SCHNEIDER TRUSTEE 0.50
Director
$0 $22,258 $90,944
KENNETH DOOT TRUSTEE 0.50
Director
$0 $1,983 $14,512
RICHARD CLARSON ADMINISTRATOR 40.00
Officer
$198,329 $14,787 $213,116
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 No data No data No data No data
2024 No data No data No data No data
2023 $73,604,120 $73,398,306 $111,294,997 $205,814
2022 $72,132,920 $67,494,630 $106,732,974 $4,638,290
2021 $69,637,929 $60,306,408 $110,284,902 $9,331,521
2019 $60,685,767 $62,369,115 $83,667,286 $-1,683,348
2018 $30,865,098 $35,119,651 $81,271,666 $-4,254,553
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