CHICAGO FEDERATION OF MUSICIANS EMPLOYERS WELFARE FUND (EIN 362522545) - 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

1961

Legal Domicile

Principal Officer

BRADLEY J LEVY

Phone

3127820063

Tax Period

2023-09-01 to 2024-08-31

CHICAGO FEDERATION OF MUSICIANS EMPLOYERS WELFARE FUND, founded in 1961, is a small nonprofit that reported $525K in total revenue in fiscal year 2023. The organization ran a surplus of $111K, a strong 21% operating margin.

Mission

PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE MUSICIAN EMPLOYEES OF EMPLOYERS COVERED BY UNION AGREEMENTS, AND THE CHICAGO FEDERATION OF MUSICIANS AND OTHER ELIGIBLE MUSICIANS.

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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 $489,565

Investment Income $35,608

Other Revenue $0

TOTAL REVENUE $525,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,834

Fundraising Expenses $0

Other Expenses $69,810

TOTAL EXPENSES $413,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,173	$494,145	+0.1%
Expenses	$413,675	$405,098	+0.0%
Net Income	$111,498	$89,047	+0.3%

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

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

$35,199

Total Directors

$287,196

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURY COLLINS	TRUSTEE	2.00	Director	$0	$0	$0
DULCIE C GILMORE	TRUSTEE	2.00	Director	$0	$0	$0
BRADLEY J LEVY	TRUSTEE	2.00	Director	$0	$31,225	$166,245
JOHN FLOETER	TRUSTEE	2.00	Director	$0	$16,313	$120,951
MARGIE BERGER	FUND ADMINISTRATOR	8.00	Officer	$0	$5,639	$35,199

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	$525,173	$413,675	$1,185,329	$111,498
2023	$494,145	$405,098	$998,747	$89,047
2022	$500,379	$425,922	$877,185	$74,457
2021	$392,787	$421,459	$928,842	$-28,672
2020	$464,848	$585,910	$924,132	$-121,062
2019	$726,188	$738,215	$1,005,303	$-12,027

CHICAGO FEDERATION OF MUSICIANS EMPLOYERS WELFARE FUND