Lansing Local 826 Glazers Health & Welfare Trust (EIN 386148724) - 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

1967

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Lansing Local 826 Glazers Health & Welfare Trust, founded in 1967, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 46% operating deficit.

Mission

HEALTH AND WELFARE PLAN SERVING APPROXIMATELY 150 MEMBERS OF LANSING GLAZIERS LOCAL 826

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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 $1,750,117

Investment Income $54,116

Other Revenue $0

TOTAL REVENUE $1,804,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500

Fundraising Expenses $0

Program Expenses $2,522,973

Other Expenses $142,671

TOTAL EXPENSES $2,642,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,804,233	$1,428,489	+0.3%
Expenses	$2,642,478	$1,771,665	+0.5%
Net Income	$-838,245	$-343,176	+1.4%

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

N/A

Employees

N/A

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

$93,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCKY ACKERMAN	UNION TRUSTEE	5.00	Director	$0	$0	$93,119
MARK BRINK	EMPLOYEET	5.00	Director	$500	$0	$500
EDWARD THEILE	EMPLOYERT	5.00	Director	$0	$0	$0
ROBERT GONZALEZ	UNION TRUSTEE	5.00	Director	$0	$0	$0
DONALD STEPP	UNION TRUSTEE	5.00	Director	$0	$0	$0
CHAD SHEPARD	EMPLOYERT	5.00	Director	$0	$0	$0
RON VANHORN	EMPLOYERT	5.00	Director	$0	$0	$0
DAVID WOHLSCHEID	EMPLOYERT	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	$1,804,233	$2,642,478	$1,103,323	$-838,245
2022	$1,428,489	$1,771,665	$1,637,555	$-343,176
2021	$1,675,695	$1,949,977	$2,058,944	$-274,282
2020	$1,610,565	$1,712,556	$2,395,604	$-101,991
2019	$1,880,832	$2,299,796	$2,607,725	$-418,964
2018	$1,526,676	$1,908,528	$2,742,980	$-381,852

Lansing Local 826 Glazers Health & Welfare Trust