STEAMFITTERS LOCAL 439 HEALTH & WELFARE FUND (EIN 371196886) - 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

1986

Legal Domicile

Principal Officer

CHARLIE BAILEY

Phone

6186246096

Tax Period

2023-01-01 to 2023-12-31

STEAMFITTERS LOCAL 439 HEALTH & WELFARE FUND, founded in 1986, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $352K, a strong 17% operating margin.

Mission

PROVIDE HEALTH AND WELFARE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,276,102

Investment Income $-50,948

Other Revenue $105,454

TOTAL REVENUE $3,330,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,964

Fundraising Expenses $0

Other Expenses $132,504

TOTAL EXPENSES $3,788,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,330,608	$3,357,827	0.0%
Expenses	$3,788,832	$3,013,080	+0.3%
Net Income	$-458,224	$344,747	-2.3%

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

N/A

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

Total Directors

$353,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WADE GOLDSCHMIDT	TRUSTEE	1.00	Director	$0	$0	$0
MARK THOMAS	TRUSTEE	1.00	Director	$0	$72,644	$188,833
CHARLIE BAILEY	TRUSTEE	1.00	Director	$0	$67,803	$164,627
JOE SKILJAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCHULZ	TRUSTEE	1.00	Director	$0	$0	$0
BRAD CORRIE	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$3,330,608	$3,788,832	$8,534,472	$-458,224
2022	$3,357,827	$3,013,080	$8,120,018	$344,747
2021	$3,087,275	$2,598,040	$9,683,491	$489,235
2020	$2,406,279	$1,780,870	$9,205,245	$625,409
2019	$2,220,295	$2,288,164	$8,019,948	$-67,869
2018	$3,013,597	$2,019,346	$7,536,161	$994,251
2017	$2,070,144	$1,718,035	$7,208,040	$352,109

STEAMFITTERS LOCAL 439 HEALTH & WELFARE FUND