LOCAL 705 IB OF T HEALTH AND WELFARE FUND (EIN 362688697) - 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

1955

Legal Domicile

Principal Officer

AMY WOJCIECHOWSKI

Phone

3127382811

Tax Period

2023-01-01 to 2023-12-31

LOCAL 705 IB OF T HEALTH AND WELFARE FUND, founded in 1955, is a mid-sized nonprofit that reported $41.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $39.3M left a modest 5% surplus.

Mission

PROVIDE HEALTH 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,137,280

Investment Income $1,050,038

Other Revenue $50,845

TOTAL REVENUE $41,238,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,333,928

Fundraising Expenses $0

Other Expenses $1,073,773

TOTAL EXPENSES $39,341,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,238,163	$43,915,156	-0.1%
Expenses	$39,341,983	$40,437,049	0.0%
Net Income	$1,896,180	$3,478,107	-0.5%

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

N/A

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

$255,114

Total Directors

$1,154,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN CAMPOS	TRUSTEE	0.21	Director	$0	$101,686	$264,967
DAN THOMAS	SECRETARY - TREASURER	0.21	Director	$0	$0	$0
JOSEPH BAKES	CHAIRMAN	0.21	Director	$0	$99,733	$288,179
GREGORY R FOSTER	TRUSTEE	0.21	Director	$0	$99,701	$295,589
KENNETH EMAUELSON	TRUSTEE	0.21	Director	$0	$99,763	$305,618
WILLIAM W GIANARAS	TRUSTEE	0.21	Director	$0	$0	$0
TEDDY POCIUS	TRUSTEE	0.21	Director	$0	$0	$0
MATTHEW J WILIM	TRUSTEE	0.21	Director	$0	$0	$0
JACK WITT	ADMINISTRATOR	12.00	Officer	$0	$61,738	$255,114
AMY WOJCIECHOWSKI	ASSISTANT ADMINISTRATOR	14.00	Highest	$128,966	$61,016	$189,982
SHARI HEMBREE	CLAIMS DEPARTMENT MANAGER	40.00	Highest	$104,858	$61,016	$165,874

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	$41,238,163	$39,341,983	$106,968,722	$1,896,180
2022	$43,915,156	$40,437,049	$101,675,231	$3,478,107
2021	$47,493,598	$40,902,212	$108,700,413	$6,591,386
2020	$42,611,622	$36,562,764	$98,560,596	$6,048,858
2019	$41,551,851	$41,498,573	$99,978,044	$53,278
2018	$37,462,974	$33,039,922	$92,845,779	$4,423,052

LOCAL 705 IB OF T HEALTH AND WELFARE FUND