STUDIO MECHANICS LOCAL 476 HEALTH AND WELFARE FUND (EIN 366602783) - 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

1963

Legal Domicile

Principal Officer

ANTHONY BARRACCA

Phone

7737755300

Tax Period

2024-01-01 to 2024-12-31

STUDIO MECHANICS LOCAL 476 HEALTH AND WELFARE FUND, founded in 1963, is a mid-sized nonprofit that reported $20.1M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.6M, a strong 38% operating margin.

Mission

THE STUDIO MECHANICS LOCAL 476 HEALTH AND WELFARE FUND WAS ESTABLISHED DURING 1963 AS A RESULT OF COLLECTIVE BARGAINING AGREEMENTS TO PROVIDE HEALTH CARE, DEATH AND DISABILITY BENEFITS FOR PARTICIPANTS AND COVERED 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 $19,652,665

Investment Income $445,506

Other Revenue $0

TOTAL REVENUE $20,098,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $425,897

TOTAL EXPENSES $12,454,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,098,171	$14,309,722	+0.4%
Expenses	$12,454,440	$16,618,122	-0.3%
Net Income	$7,643,731	$-2,308,400	-4.3%

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

Total Directors

$644,489

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HOGAN	TRUSTEE	1.00	Director	$0	$0	$6,000
MARY PAT FORSTON	TRUSTEE	1.00	Director	$0	$0	$4,000
RICHARD LEDERER	TRUSTEE	1.00	Director	$0	$0	$2,800
DAVID OAKES	TRUSTEE	1.00	Director	$0	$0	$4,000
ANTHONY BARRACCA	TRUSTEE	1.00	Director	$0	$43,710	$324,785
CHRISTOPHER HUDECEK	TRUSTEE	1.00	Director	$0	$42,801	$302,904

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	$20,098,171	$12,454,440	$14,027,270	$7,643,731
2023	$14,309,722	$16,618,122	$7,874,388	$-2,308,400
2022	$16,084,950	$17,977,864	$8,898,031	$-1,892,914
2021	$19,043,611	$15,764,320	$11,578,418	$3,279,291
2020	$9,024,364	$14,487,454	$8,366,580	$-5,463,090
2019	$14,336,543	$11,806,622	$13,503,330	$2,529,921
2018	$10,992,669	$10,784,173	$10,766,855	$208,496

STUDIO MECHANICS LOCAL 476 HEALTH AND WELFARE FUND