UA Local 190 Health and Welfare Trust (EIN 386065578) - 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

1952

Legal Domicile

Principal Officer

David Forbes and Jeremy Finn

Phone

2488139800

Tax Period

2024-06-01 to 2025-05-31

UA Local 190 Health and Welfare Trust, founded in 1952, is a mid-sized nonprofit that reported $23.3M in total revenue in fiscal year 2024. Expenses of $22.4M left a modest 4% surplus.

Mission

Payment of health care claims and insurance premiums on behalf of union members and their 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 $21,649,007

Investment Income $1,630,540

Other Revenue $0

TOTAL REVENUE $23,279,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,310,984

TOTAL EXPENSES $22,354,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,279,547	$21,873,045	+0.1%
Expenses	$22,354,064	$21,275,190	+0.1%
Net Income	$925,483	$597,855	+0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Forbes	Chairman	000.10	Officer Director	$0	$0	$0
Jeremy Finn	Secretary	000.10	Officer Director	$0	$0	$0
Douglas Mayher Jr	Trustee	000.10	Director	$0	$0	$0
Nancy Cummins	Trustee	000.10	Director	$0	$0	$0
Walter Cosens	Trustee	000.10	Director	$0	$0	$0
Randall Whitaker	Trustee	000.10	Director	$0	$0	$0
Cynthia Maher	Trustee	000.10	Director	$0	$0	$0
Patrick Duffy	Trustee	000.10	Director	$0	$0	$0
Joseph Romine	Alternate Trustee	000.10	Director	$0	$0	$0
Jessica Arndt	Alternate Trustee	000.10	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	$23,279,547	$22,354,064	$35,997,002	$925,483
2024	$21,873,045	$21,275,190	$33,903,445	$597,855
2023	$19,897,290	$18,798,168	$31,833,149	$1,099,122
2022	$19,592,093	$19,023,993	$31,731,480	$568,100
2021	$18,848,686	$15,886,548	$33,600,300	$2,962,138
2020	$17,973,408	$17,060,221	$28,812,354	$913,187
2019	$19,012,908	$16,690,792	$27,169,282	$2,322,116
2018	$16,728,342	$16,869,219	$24,545,925	$-140,877

UA Local 190 Health and Welfare Trust