BEER INDUSTRY LOCAL UNION NO 703 HEALTH AND WELFARE FUND (EIN 366051305) - 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

1952

Legal Domicile

Principal Officer

THOMAS STIEDE

Phone

7084290046

Tax Period

2023-01-01 to 2023-12-31

BEER INDUSTRY LOCAL UNION NO 703 HEALTH AND WELFARE FUND, founded in 1952, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDING HEALTH BENEFITS TO PARTICIPANTS

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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 $4,577,142

Investment Income $847,547

Other Revenue $14,017

TOTAL REVENUE $5,438,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $428,836

Fundraising Expenses $0

Other Expenses $475,629

TOTAL EXPENSES $6,574,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,438,706	$4,708,357	+0.2%
Expenses	$6,574,032	$5,162,869	+0.3%
Net Income	$-1,135,326	$-454,512	+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

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

$181,605

Total Directors

$518,740

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS STIEDE	TRUSTEE	0.50	Director	$0	$66,359	$183,315
DAVID MCLIN	TRUSTEE	0.50	Director	$0	$66,359	$164,686
PATRICK BRUNO	TRUSTEE	0.50	Director	$0	$51,075	$163,659
BLAKE YANICS	TRUSTEE	0.50	Director	$0	$0	$0
DONNA SPAGNOLA	TRUSTEE	0.50	Director	$0	$0	$0
DEVON ROBERTSON	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL BURKE	TRUSTEE	0.50	Director	$0	$0	$0
DREW COLLINS	TRUSTEE	0.50	Director	$0	$0	$7,080
SHERRYL REEVES	FUND ADMINISTRATOR	20.00	Officer	$167,377	$14,228	$181,605

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	$5,438,706	$6,574,032	$16,733,890	$-1,135,326
2022	$4,708,357	$5,162,869	$17,199,714	$-454,512
2021	$5,716,623	$6,093,424	$19,145,779	$-376,801
2020	$5,485,631	$4,907,118	$19,544,893	$578,513
2019	$5,717,646	$6,122,173	$18,551,892	$-404,527
2018	$5,340,776	$5,806,299	$18,061,207	$-465,523

BEER INDUSTRY LOCAL UNION NO 703 HEALTH AND WELFARE FUND