ARCH IRONWORKERS LOCAL 63 WELFARE FUND (EIN 363251688) - 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

1983

Legal Domicile

Principal Officer

PAUL WENDE

Phone

6304720627

Tax Period

2024-06-01 to 2025-05-31

ARCH IRONWORKERS LOCAL 63 WELFARE FUND, founded in 1983, is a mid-sized nonprofit that reported $27.1M in total revenue in fiscal year 2024. Expenses of $31.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE MEDICAL, DENTAL, DISABILITY, AND DEATH 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,787,172

Investment Income $3,279,414

Other Revenue $0

TOTAL REVENUE $27,066,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,277

Fundraising Expenses $0

Other Expenses $1,695,328

TOTAL EXPENSES $31,558,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,066,586	$27,299,197	0.0%
Expenses	$31,558,533	$29,738,175	+0.1%
Net Income	$-4,491,947	$-2,438,978	+0.8%

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

Total Directors

$981,729

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SWANBERG	TRUSTEE	3.00	Director	$0	$0	$0
PAUL WENDE	CHAIRMAN	3.00	Director	$0	$140,942	$353,057
TIM BELL	TRUSTEE	3.00	Director	$0	$0	$0
MARK LABUZ	TRUSTEE	3.00	Director	$0	$0	$0
DAVE MURRAY	TRUSTEE	3.00	Director	$0	$130,034	$316,269
FLETCHER HOLMES	TRUSTEE	3.00	Director	$0	$130,125	$312,403

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	$27,066,586	$31,558,533	$94,354,601	$-4,491,947
2024	$27,299,197	$29,738,175	$98,630,018	$-2,438,978
2023	$23,927,663	$32,288,956	$98,519,717	$-8,361,293
2022	$28,549,496	$28,782,848	$104,401,164	$-233,352
2021	$28,909,623	$30,033,731	$121,630,364	$-1,124,108
2020	$28,264,532	$21,246,165	$104,256,159	$7,018,367
2019	$30,315,305	$24,115,262	$94,665,001	$6,200,043
2018	$27,547,488	$24,007,535	$85,516,106	$3,539,953

ARCH IRONWORKERS LOCAL 63 WELFARE FUND