LABORERS METROPOLITAN DETROIT HEALTH CARE FUND

EIN: 382026006

Lansing, MI

Total Revenue
$35,860,130
Total Expenses
$33,022,493
Total Assets
$83,773,606
Net Assets
$67,827,945
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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
1973
Legal Domicile
MI
Tax Period
2023-10-01 to 2024-09-30

LABORERS METROPOLITAN DETROIT HEALTH CARE FUND, founded in 1973, is a mid-sized nonprofit that reported $35.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $33.0M left a modest 8% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,542,333
Investment Income $7,311,203
Other Revenue $6,594
TOTAL REVENUE $35,860,130

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,022,493
Other Expenses $2,688,644
TOTAL EXPENSES $33,022,493

Year-over-Year Comparison

2023 2022 Change
Revenue $35,860,130 $31,344,316 +0.1%
Expenses $33,022,493 $26,983,381 +0.2%
Net Income $2,837,637 $4,360,935 -0.3%
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

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Governance

Voting Members
12
Independent Members
2
Employees
N/A
Volunteers
2

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
0
$0
Total Directors
13
$1,655,222
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX ZUREK TRUSTEE 1.00
Director
$0 $99,688 $355,414
PAUL GASSEL TRUSTEE 1.00
Director
$0 $83,762 $296,035
NICHOLAS DEFAUW CHAIRMAN 1.00
Director
$0 $74,235 $287,757
MICHAEL AARON TRUSTEE 1.00
Director
$0 $84,595 $281,814
MIKYIA AARON TRUSTEE 1.00
Director
$0 $81,735 $271,242
JASON CHWALEK TRUSTEE 1.00
Director
$0 $67,888 $157,684
WILLIAM BASS TRUSTEE 1.00
Director
$0 $0 $5,276
CHARLES WILSON TRUSTEE 1.00
Director
$0 $0 $0
JEREMY ZELLER TRUSTEE 1.00
Director
$0 $0 $0
JAMES OLEKSINSKI TRUSTEE 1.00
Director
$0 $0 $0
JOHN CLAWSON TRUSTEE 1.00
Director
$0 $0 $0
ROBERT COPPERSMITH TRUSTEE 1.00
Director
$0 $0 $0
DAVID GREGOR 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 $35,860,130 $33,022,493 $83,773,606 $2,837,637
2023 $31,344,316 $29,458,233 $73,307,000 $1,886,083
2022 $30,067,137 $29,303,985 $66,182,924 $763,152
2021 $32,851,254 $28,972,358 $81,234,815 $3,878,896
2020 $29,150,734 $25,592,623 $68,501,630 $3,558,111
2019 $28,664,189 $25,659,364 $62,127,459 $3,004,825
2018 $31,153,969 $24,828,760 $59,082,643 $6,325,209
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