LABORERS METROPOLITAN DETROIT HEAL… - Form 990 Financial Data

🔒

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

1973

Legal Domicile

Phone

5173217502

Tax Period

2024-10-01 to 2025-09-30

LABORERS METROPOLITAN DETROIT HEALTH CARE FUND, founded in 1973, is a mid-sized nonprofit that reported $38.3M in total revenue in fiscal year 2024. Expenses of $33.0M left a modest 14% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $33,047,474

To provide hospitalization, medical, death, surgical and other related health care benefits to eligible Plan 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $30,232,289

Investment Income $8,031,686

Other Revenue $13,907

TOTAL REVENUE $38,277,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,047,474

Other Expenses $2,773,966

TOTAL EXPENSES $33,047,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,277,882	$35,860,130	+0.1%
Expenses	$33,047,474	$33,022,493	+0.0%
Net Income	$5,230,408	$2,837,637	+0.8%

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

N/A

Volunteers

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

$1,195,003

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ZUREK	TRUSTEE	1.00	Director	$0	$0	$275,923
NICHOLAS DEFAUW	CHAIRMAN	1.00	Director	$0	$0	$245,723
PAUL GASSEL	TRUSTEE	1.00	Director	$0	$0	$239,123
MICHAEL AARON	TRUSTEE	1.00	Director	$0	$0	$217,580
MIKYIA AARON	TRUSTEE	1.00	Director	$0	$0	$210,054
DANIEL MINTON	TRUSTEE	1.00	Director	$0	$0	$6,600
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
JAMES OLEKSINSKI	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES WILSON	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY ZELLER	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
2025	$38,277,882	$33,047,474	$86,279,840	$5,230,408
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

LABORERS METROPOLITAN DETROIT HEALTH CARE FUND