WILL COUNTY LOCAL 174 CARPENTERS WELFARE FUND (EIN 362443112) - 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

1960

Legal Domicile

Principal Officer

MEL GRAY JR

Phone

8157414737

Tax Period

2017-03-01 to 2018-02-28

WILL COUNTY LOCAL 174 CARPENTERS WELFARE FUND, founded in 1960, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2018. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $15.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER THE PLAN.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,189,985

Investment Income $473,053

Other Revenue $0

TOTAL REVENUE $17,663,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,431

Fundraising Expenses $0

Other Expenses $1,265,633

TOTAL EXPENSES $16,313,598

Year-over-Year Comparison

	2017	2016	Change
Revenue	$17,663,038	$16,990,550	+0.0%
Expenses	$16,313,598	$17,519,861	-0.1%
Net Income	$1,349,440	$-529,311	-3.5%

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

$5,400

Total Directors

$439,395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY PERINAR	Sec./Treasurer	3.00	Officer Director	$2,700	$0	$2,700
LARRY PERINAR	Trustee	3.00	Director	$2,700	$0	$2,700
GARY PERINAR JR	Trustee	3.00	Director	$0	$134,422	$428,820
MEL GRAY JR	Chairman	3.00	Officer Director	$2,700	$0	$2,700
JAMES PASCH	Trustee	3.00	Director	$2,475	$0	$2,475
RICHARD BERTI	Trustee	3.00	Director	$0	$0	$0

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
2018	$17,663,038	$16,313,598	$19,326,115	$1,349,440
2018	$13,390,427	$15,154,467	No data	$-1,764,040

WILL COUNTY LOCAL 174 CARPENTERS WELFARE FUND