CONSTRUCTION INDUSTRY WELFARE FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

JAMES B MEEK

Phone

2173525269

Tax Period

2021-08-01 to 2021-10-31

CONSTRUCTION INDUSTRY WELFARE FUND, founded in 1956, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2021. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.9M, a strong 94% operating margin.

Mission

PROVIDE HEALTH & WELFARE BENEFITS TO ELIGIBLE UNION MEMBERS.

Program Service Accomplishments

Program 1

HEALTH AND WELFARE BENEFITS PAID TO PARTICIPANTS 670,105 AND REINSURANCE PREMIUMS 19,070. CHANGE IN ESTIMATED LIABILITIES RELATED TO CLAIMS DECREASED BY 2,820,080. AT OCTOBER 31, 2021 THERE WERE 0...

HEALTH AND WELFARE BENEFITS PAID TO PARTICIPANTS 670,105 AND REINSURANCE PREMIUMS 19,070. CHANGE IN ESTIMATED LIABILITIES RELATED TO CLAIMS DECREASED BY 2,820,080. AT OCTOBER 31, 2021 THERE WERE 0 ELIGIBLE PARTICIPANTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,966,112

Investment Income $85,369

Other Revenue $0

TOTAL REVENUE $3,051,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,727

Fundraising Expenses $0

Other Expenses $27,280

TOTAL EXPENSES $183,007

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,051,481	$4,599,528	-0.3%
Expenses	$183,007	$4,107,219	-1.0%
Net Income	$2,868,474	$492,309	+4.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES B MEEK	TRUSTEE	N/A	Officer Director	$0	$0	$0
N/A	ADMINISTRATO	N/A	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
2021	$3,051,481	$183,007	No data	$2,868,474
2020	$5,350,579	$3,786,307	$3,904,066	$1,564,272
2019	$5,549,904	$5,683,529	$3,314,178	$-133,625
2018	$5,699,102	$5,928,824	$3,859,596	$-229,722