SOUTHERN ILLINOIS LABORERS & EMPLOYERS HEALTH & WELFARE FUND (EIN 371037101) - 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

1977

Legal Domicile

Principal Officer

MATT SMITH

Phone

6189981300

Tax Period

2023-08-01 to 2024-07-31

SOUTHERN ILLINOIS LABORERS & EMPLOYERS HEALTH & WELFARE FUND, founded in 1977, is a mid-sized nonprofit that reported $17.3M in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE VACATION, HEALTH, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,859,641

Investment Income $430,621

Other Revenue $251,251

TOTAL REVENUE $21,541,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $829,280

Fundraising Expenses $0

Other Expenses $757,672

TOTAL EXPENSES $19,192,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,541,513	$19,595,949	+0.1%
Expenses	$19,192,146	$20,830,472	-0.1%
Net Income	$2,349,367	$-1,234,523	-2.9%

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

$170,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY MASTERSON	TRUSTEE	1.00	Director	$0	$0	$0
JERRY ROSS	TRUSTEE	1.00	Director	$0	$0	$0
JERRY WOMICK	TRUSTEE	1.00	Director	$0	$0	$0
MATT SMITH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES MCPHAIL	TRUSTEE	1.00	Officer Director	$0	$0	$0
LAURA WILSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN REHBEIN	TRUSTEE	1.00	Director	$0	$0	$0
ERIC OLLER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BALINT	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL WIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER ETHERTON	PLAN ADMINISTRATOR	40.00	Officer	$115,746	$54,294	$170,040

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	$21,541,513	$19,192,146	$22,847,731	$2,349,367
2023	$19,595,949	$20,830,472	$19,403,026	$-1,234,523
2022	$17,432,108	$14,744,755	$20,676,799	$2,687,353
2021	$17,167,946	$14,865,506	$23,536,245	$2,302,440
2020	$17,201,422	$19,523,063	$21,734,339	$-2,321,641
2019	$16,752,083	$17,096,117	$21,417,111	$-344,034
2018	$17,321,194	$18,771,286	$20,782,174	$-1,450,092

SOUTHERN ILLINOIS LABORERS & EMPLOYERS HEALTH & WELFARE FUND