BEER INDUSTRY LOCAL UNION NO 703 HEALTH AND WELFARE FUND

EIN: 366051305

TINLEY PARK, IL

Total Revenue
$5,438,706
Total Expenses
$6,574,032
Total Assets
$16,733,890
Net Assets
$16,418,213
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
IL
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

BEER INDUSTRY LOCAL UNION NO. 703 HEALTH AND WELFARE FUND PROVIDES HEALTH CARE, DEATH, DISMEMBERMENT AND DISABILITY BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

BEER INDUSTRY LOCAL UNION NO. 703 HEALTH AND WELFARE FUND PROVIDES HEALTH CARE, DEATH, DISMEMBERMENT AND DISABILITY BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
N/A
Employees
7
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
1
$181,605
Total Directors
8
$518,740
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BEER INDUSTRY LOCAL UNION NO 703 HEALTH AND WELFARE FUND with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.