LABORERS LOCAL #231 HEALTH & WELFARE FUND (EIN 376031467) - Form 990 Financial Analysis & Trantor Score

🔒

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

1960

Legal Domicile

Principal Officer

GARY L SCIORTINO

Phone

3093477519

Tax Period

2023-01-01 to 2023-12-31

LABORERS LOCAL #231 HEALTH & WELFARE FUND, founded in 1960, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $6.3M left a modest 9% surplus.

Mission

TO PROVIDE HEALTH, DENTAL & LIFE BENEFITS

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,121,389

Investment Income $476,037

Other Revenue $265,015

TOTAL REVENUE $6,862,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,308

Fundraising Expenses $0

Other Expenses $293,588

TOTAL EXPENSES $6,255,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,862,441	$5,718,105	+0.2%
Expenses	$6,255,671	$5,883,803	+0.1%
Net Income	$606,770	$-165,698	-4.7%

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

$211,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL AUPPERLE	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SCHROEDER	TRUSTEE	1.00	Officer Director	$0	$0	$0
TERRY BAUM	TRUSTEE	1.00	Director	$0	$0	$0
MIKE CULLINAN PAST	TRUSTEE	1.00	Director	$0	$0	$0
SPENCER SMITH	TRUSTEE	1.00	Director	$0	$0	$0
FRANK SCIORTINO	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON FOGLER	TRUSTEE	1.00	Director	$0	$0	$0
KIRK BELLESS	TRUSTEE	1.00	Director	$0	$0	$0
ALLAN CULLINAN	TRUSTEE	1.00	Director	$0	$0	$0
GARY SCIORTINO	PLAN ADMINISTRATOR	40.00	Officer	$113,158	$98,030	$211,188

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	$6,862,441	$6,255,671	$18,801,930	$606,770
2022	$5,718,105	$5,883,803	$17,194,210	$-165,698
2021	$6,086,857	$-141,617	$18,676,299	$6,228,474
2020	$5,502,862	$5,640,616	$17,316,931	$-137,754
2019	$5,204,815	$5,685,359	$15,785,528	$-480,544
2018	$4,812,402	$4,435,121	$14,804,286	$377,281

LABORERS LOCAL #231 HEALTH & WELFARE FUND