Detroit Bkers Local 326 Health & Welfare Fund (EIN 386114034) - 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

Tax Period

2023-01-01 to 2023-12-31

Detroit Bkers Local 326 Health & Welfare Fund, founded in 1952, is a small nonprofit that reported $849K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $942K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $852,014

Investment Income $-6,068

Other Revenue $2,590

TOTAL REVENUE $848,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,716

Fundraising Expenses $0

Program Expenses $753,744

Other Expenses $60,154

TOTAL EXPENSES $941,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$848,536	$933,610	-0.1%
Expenses	$941,614	$863,789	+0.1%
Net Income	$-93,078	$69,821	-2.3%

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

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

$44,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKEE CRAINE-KANITZ	CHAIRMAN	5.00	Director	$0	$16,560	$44,415
WILLIAM HESS	TRUSTEE	5.00	Director	$0	$0	$0
DAVID BUSHBAKER	SECRETARY	5.00	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	No data	No data	No data	No data
2023	$848,536	$941,614	$2,601,054	$-93,078
2022	$933,610	$863,789	$2,456,563	$69,821
2021	$724,278	$686,172	$2,703,145	$38,106
2020	$816,940	$736,247	$2,620,387	$80,693
2019	$1,278,812	$976,673	$2,431,046	$302,139
2018	$1,638,539	$1,162,812	$2,007,792	$475,727

Detroit Bkers Local 326 Health & Welfare Fund