CENTRAL LABORERS' WELFARE FUND LABORERS' WELFARE FUND (EIN 376058345) - 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

1967

Legal Domicile

Principal Officer

KEN DAY

Phone

2172438521

Tax Period

2024-01-01 to 2024-12-31

CENTRAL LABORERS' WELFARE FUND LABORERS' WELFARE FUND, founded in 1967, is a mid-sized nonprofit that reported $27.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $26.1M left a modest 6% surplus.

Mission

TO PROVIDE HEALTHCARE, DEATH, DISABILITY, DENTAL, AND VISION BENEFITS TO ELIGIBLE MEMBERS AND 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,315,212

Investment Income $1,285,219

Other Revenue $111,729

TOTAL REVENUE $27,712,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,518,646

TOTAL EXPENSES $26,124,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,712,160	$23,744,376	+0.2%
Expenses	$26,124,065	$24,825,609	+0.1%
Net Income	$1,588,095	$-1,081,233	-2.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB MCDONALD	TRUSTEE	5.00	Director	$0	$0	$0
RUSSELL DAVENPORT	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BRAD SCHAIVE - PAST	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BOB DUNN	TRUSTEE	5.00	Director	$0	$0	$0
JOSH MCELRAVY	TRUSTEE	5.00	Director	$0	$0	$0
EDWARD DOYLE	TRUSTEE	5.00	Director	$0	$0	$0
ROGER HUEBNER	TRUSTEE	5.00	Officer Director	$0	$0	$0
ANN DEEDRICH	TRUSTEE	5.00	Director	$0	$0	$0
GREG STIMAC	TRUSTEE	5.00	Director	$0	$0	$0
DONNA RICHTER	TRUSTEE	5.00	Director	$0	$0	$0
BRANDON ROYER	TRUSTEE	5.00	Director	$0	$0	$0
ADAM BRUNER	TRUSTEE	5.00	Director	$0	$0	$0
MIKE YOUNG	TRUSTEE	5.00	Director	$0	$0	$0
KENTON DAY	EXECUTIVE DIRECTOR	20.00	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
2024	$27,712,160	$26,124,065	$41,571,365	$1,588,095
2023	$23,744,376	$24,825,609	$39,562,119	$-1,081,233
2022	$20,530,506	$23,422,085	$36,858,201	$-2,891,579
2021	$22,307,133	$8,043,282	$44,377,613	$14,263,851
2020	$20,266,211	$17,030,573	$42,553,213	$3,235,638
2019	$20,162,144	$21,311,013	$38,755,887	$-1,148,869
2018	$19,124,283	$23,355,612	$37,504,819	$-4,231,329

CENTRAL LABORERS' WELFARE FUND LABORERS' WELFARE FUND