HEALTH AND WELFARE TRUST LOCAL NO … - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

DEBRA SIMMONS-PETERSON

Phone

8475191880

Tax Period

2024-03-01 to 2025-02-28

HEALTH AND WELFARE TRUST LOCAL NO 743, founded in 1955, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $8.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDING HEALTH, DENTAL, PRESCRIPTION, AND DEATH BENEFITS FOR ELIGIBLE PARTICIPANTS WHO PERFORMED WORK UNDER THE COLLECTIVE BARGAINING AGREEMENT WITH THE LOCAL UNION.

Program Service Accomplishments

Program 1

PROVIDE HEALTH, DENTAL, PRESCRIPTION, AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

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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 $6,904,044

Investment Income $163,496

Other Revenue $0

TOTAL REVENUE $7,067,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $221,864

TOTAL EXPENSES $7,997,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,067,540	$7,481,302	-0.1%
Expenses	$7,997,436	$7,806,452	+0.0%
Net Income	$-929,896	$-325,150	+1.9%

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

$866,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA SIMMONS	TRUSTEE	2.50	Officer	$0	$87,029	$332,895
JAMES THOMAS	ALTERNATE TRUSTEE	2.50	Officer	$0	$89,636	$286,792
JOSE SILVA	TRUSTEE	2.50	Officer	$0	$79,911	$246,487
JAY SANDLER	TRUSTEE	2.50	Officer	$0	$0	$0
DAVID KOZIN	TRUSTEE	2.50	Officer	$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
2025	$7,067,540	$7,997,436	$5,649,650	$-929,896
2024	$7,481,302	$7,806,452	$6,190,104	$-325,150
2023	$7,412,192	$7,160,680	$5,950,570	$251,512
2022	$8,563,914	$8,450,930	$6,007,805	$112,984
2021	$9,990,928	$9,227,967	$6,033,634	$762,961
2020	$10,114,610	$9,318,696	$4,430,665	$795,914
2019	$9,778,334	$9,839,987	$3,819,183	$-61,653

HEALTH AND WELFARE TRUST LOCAL NO 743