GLAZING EMPLOYERS & GLAZIERS UNION LOCAL NO 27 HEALTH AND WELFARE FUND

EIN: 366126628

LYONS, IL

Total Revenue
$12,372,611
Total Expenses
$15,115,954
Total Assets
$29,274,072
Net Assets
$29,214,233
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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
1957
Legal Domicile
IL
Principal Officer
MICHAEL MABUS
Phone
7044439000
Tax Period
2024-06-01 to 2025-05-31

GLAZING EMPLOYERS & GLAZIERS UNION LOCAL NO 27 HEALTH AND WELFARE FUND, founded in 1957, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $15.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDE HOSPITALIZATION, MEDICAL AND OTHER RELATED 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,075,053
Investment Income $1,297,558
Other Revenue $0
TOTAL REVENUE $12,372,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $500,483
TOTAL EXPENSES $15,115,954

Year-over-Year Comparison

2024 2023 Change
Revenue $12,372,611 $13,561,271 -0.1%
Expenses $15,115,954 $14,856,527 +0.0%
Net Income $-2,743,343 $-1,295,256 +1.1%
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

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Governance

Voting Members
8
Independent Members
4
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
0
$0
Total Directors
9
$1,500,602
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MABUS CHAIRMAN 2.00
Director
$0 $115,959 $300,324
MATTHEW SHAPIRO SECRETARY 2.00
Director
$0 $0 $0
JOSEPH RINEHART TRUSTEE 0.50
Director
$0 $105,878 $364,543
SEAMUS NAUGHTON TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL COOK TRUSTEE 0.50
Director
$0 $115,868 $308,603
BRIAN FILIPIAK TRUSTEE 0.50
Director
$0 $0 $0
STEVEN MABUS TRUSTEE 0.50
Director
$0 $115,959 $300,967
JOSEPH BUHAY TRUSTEE - ALTERNATE 0.50
Director
$0 $98,394 $226,165
ANDY HILL TRUSTEE 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
2025 $12,372,611 $15,115,954 $29,274,072 $-2,743,343
2024 $13,561,271 $14,856,527 $31,201,768 $-1,295,256
2023 $13,114,202 $16,211,388 $31,389,601 $-3,097,186
2022 $12,035,575 $11,916,663 $33,254,860 $118,912
2021 $14,285,266 $12,462,193 $35,884,406 $1,823,073
2020 $15,950,423 $11,945,668 $33,455,041 $4,004,755
2019 $16,058,959 $12,702,157 $27,672,752 $3,356,802
2018 $14,552,178 $11,410,222 $23,098,110 $3,141,956
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