CONSTRUCTION INDUSTRY WELFARE FUND

EIN: 376030875

INDIANAPOLIS, IN

Total Revenue
$3,051,481
Total Expenses
$183,007
Total Assets
N/A
Net Assets
N/A
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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
1956
Legal Domicile
IL
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.

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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 (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
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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
6
Independent Members
6
Employees
2
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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