DECORATORS UNION LOCAL 17 HEALTH AND WELFARE FUND (EIN 364143124) - 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

1996

Legal Domicile

Principal Officer

ANTHONY DEGRADO III

Phone

6308282295

Tax Period

2024-01-01 to 2024-12-31

DECORATORS UNION LOCAL 17 HEALTH AND WELFARE FUND, founded in 1996, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 51% operating margin.

Mission

PROVIDE HEALTH 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 $5,525,290

Investment Income $434,622

Other Revenue $0

TOTAL REVENUE $5,959,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $188,499

TOTAL EXPENSES $2,947,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,959,912	$4,844,958	+0.2%
Expenses	$2,947,006	$3,657,882	-0.2%
Net Income	$3,012,906	$1,187,076	+1.5%

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

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

Total Directors

$342,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY DEGRADO III	TRUSTEE	1.00	Director	$0	$81,601	$276,216
VAUGHN VARNEY	TRUSTEE	0.50	Director	$0	$0	$0
JOE DICARO	TRUSTEE - ALTERNATE	1.00	Director	$0	$12,792	$39,076
ANTON ELEZAR	TRUSTEE	0.50	Director	$0	$0	$0
FRANK SMALARZ	TRUSTEE	1.00	Director	$0	$4,715	$13,999
PAT HOGAN	TRUSTEE - ALTERNATE	0.50	Director	$0	$0	$0
ANTHONY DEGRADO IV	TRUSTEE - ALTERNATE	1.00	Director	$0	$3,854	$13,530
MICHAEL BROWNLEE	TRUSTEE - ALTERNATE	0.50	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
2024	$5,959,912	$2,947,006	$12,850,963	$3,012,906
2023	$4,844,958	$3,657,882	$9,792,023	$1,187,076
2022	$4,579,834	$3,008,025	$8,398,232	$1,571,809
2021	$1,835,393	$3,089,445	$7,237,861	$-1,254,052
2020	$1,112,448	$3,097,195	$8,506,190	$-1,984,747
2019	$4,487,985	$3,029,773	$10,257,116	$1,458,212
2018	$4,542,455	$2,684,824	$8,618,479	$1,857,631

DECORATORS UNION LOCAL 17 HEALTH AND WELFARE FUND