Abatement Workers National Health and Welfare Fund (EIN 383023611) - 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

1991

Legal Domicile

Principal Officer

Robert D Ripple

Phone

2488139800

Tax Period

2024-06-01 to 2025-05-31

Abatement Workers National Health and Welfare Fund, founded in 1991, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Expenses of $6.4M left a modest 15% surplus.

Mission

Provide Health Benefits

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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 $7,272,184

Investment Income $214,408

Other Revenue $15,027

TOTAL REVENUE $7,501,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,413,406

Other Expenses $464,664

TOTAL EXPENSES $6,413,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,501,619	$7,557,051	0.0%
Expenses	$6,413,406	$5,692,683	+0.1%
Net Income	$1,088,213	$1,864,368	-0.4%

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

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
Dan Somenauer	Trustee	40.00	Director	$0	$0	$0
Neil Pittman	Trustee	40.00	Director	$0	$0	$0
Neil Stamp	Trustee	40.00	Director	$0	$0	$0
William Turner	Trustee	40.00	Director	$0	$0	$0
Robert Ripple	Trustee	40.00	Director	$0	$0	$0
Michael Berg	Trustee	40.00	Director	$0	$0	$0
Owen Thornton	Trustee	40.00	Director	$0	$0	$0
Kevin Meagher	Trustee	40.00	Director	$0	$0	$0
Scott Miller	Trustee	40.00	Director	$0	$0	$0
Wade Edwards	Trustee	40.00	Director	$0	$0	$0
Tom Dyl	Trustee	40.00	Director	$0	$0	$0
Shawn Holeman	Trustee	40.00	Director	$0	$0	$0
John Thornburgh	Trustee	40.00	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	$7,501,619	$6,413,406	$8,202,674	$1,088,213
2024	$7,557,051	$5,697,894	$7,115,343	$1,859,157
2023	$8,006,934	$6,326,492	$5,255,442	$1,680,442
2022	$8,174,888	$6,035,959	$3,591,702	$2,138,929
2021	$8,462,383	$9,731,948	$2,848,278	$-1,269,565
2020	$8,971,091	$10,598,993	$3,359,665	$-1,627,902
2019	$10,134,234	$10,387,369	$5,553,450	$-253,135
2018	$8,772,217	$10,269,999	$5,452,338	$-1,497,782

Abatement Workers National Health and Welfare Fund