LOCAL UNION 2158 HEALTH AND WELFARE FUND

EIN: 363216403

BETTENDORF, IA

Total Revenue
$-125,464
Total Expenses
$714,114
Total Assets
N/A
Net Assets
N/A
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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
1982
Legal Domicile
IA
Principal Officer
PAUL ELGATIAN
Phone
5633322158
Tax Period
2022-01-01 to 2022-12-31

LOCAL UNION 2158 HEALTH AND WELFARE FUND, founded in 1982, is a micro nonprofit that reported $125K in total revenue in fiscal year 2022. Revenue fell 135% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS

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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 $184,007
Investment Income $-314,440
Other Revenue $4,969
TOTAL REVENUE $-125,464

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $167,216
TOTAL EXPENSES $714,114

Year-over-Year Comparison

2022 2021 Change
Revenue $-125,464 $360,280 -1.3%
Expenses $714,114 $255,274 +1.8%
Net Income $-839,578 $105,006 -9.0%
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
3
Independent Members
1
Employees
17
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
0
$0
Total Directors
3
$193,874
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL ELGATIAN CHAIRMAN 1.00
Director
$0 $0 $0
STEVE BARK TRUSTEE 1.00
Director
$0 $0 $0
DEREK MCCLAIN TRUSTEE 1.00
Director
$0 $83,886 $193,874
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
2022 $-125,464 $714,114 No data $-839,578
2021 $360,280 $255,274 $2,959,256 $105,006
2020 $358,518 $175,129 $2,799,818 $183,389
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