Michigan Laborers Health Care Fund (EIN 386058384) - 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

1952

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

Michigan Laborers Health Care Fund, founded in 1952, is a mid-sized nonprofit that reported $86.4M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $78.0M left a modest 10% surplus.

Mission

Provide Health and Welfare 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 $83,097,996

Investment Income $3,300,149

Other Revenue $20,519

TOTAL REVENUE $86,418,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,005,692

Other Expenses $6,600,612

TOTAL EXPENSES $78,005,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,418,664	$72,302,608	+0.2%
Expenses	$78,005,692	$75,698,964	+0.0%
Net Income	$8,412,972	$-3,396,356	-3.5%

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

$1,045,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ZUREK	TRUSTEE	1.00	Director	$0	$49,690	$296,503
GENO ALESSANDRINI Sr	SECRETARY	1.00	Director	$0	$49,690	$294,519
GENO ALESSANDRINI Jr	TRUSTEE	1.00	Director	$0	$40,173	$166,499
JOEL ARCHIBALD	TRUSTEE	1.00	Director	$0	$55,518	$149,770
BRENT PILARSKI	TRUSTEE	1.00	Director	$0	$38,496	$138,509
W A HENDRICK Jr	CHAIRMAN	1.00	Director	$0	$0	$0
ROBERT COPPERSMITH Jr	TRUSTEE	1.00	Director	$0	$0	$0
RICH PARCHETA	TRUSTEE	1.00	Director	$0	$0	$0
DAN EMMENECKER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL AARON	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN ALEXA	TRUSTEE	1.00	Director	$0	$0	$0
LANCE BINONIEMI	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	$86,418,664	$78,005,692	$137,507,434	$8,412,972
2023	$72,302,608	$75,698,964	$120,844,959	$-3,396,356
2022	$71,508,678	$67,925,253	$120,960,245	$3,583,425
2021	$70,381,182	$73,919,992	$136,718,514	$-3,538,810
2020	$68,501,787	$69,219,508	$130,920,719	$-717,721
2019	$78,867,758	$69,200,366	$122,572,519	$9,667,392
2018	$77,511,911	$69,466,637	$111,540,849	$8,045,274

Michigan Laborers Health Care Fund