LOCAL 7 TILE INDUSTRY WELFARE FUND C/O DANIEL H COOK ASSOCIATES INC (EIN 386829766) - 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

2005

Legal Domicile

Principal Officer

KENNETH COOK

Phone

2125055050

Tax Period

2024-01-01 to 2024-12-31

LOCAL 7 TILE INDUSTRY WELFARE FUND C/O DANIEL H COOK ASSOCIATES INC, founded in 2005, is a mid-sized nonprofit in the Mutual Benefit sector that reported $29.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDING HEALTH/DEATH, AND SUPPLEMENTAL UNEMPLOYMENT/DISABILITY 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 $28,805,967

Investment Income $386,413

Other Revenue $0

TOTAL REVENUE $29,192,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,630

Fundraising Expenses $0

Other Expenses $1,139,473

TOTAL EXPENSES $31,757,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,192,380	$26,713,465	+0.1%
Expenses	$31,757,168	$32,389,095	0.0%
Net Income	$-2,564,788	$-5,675,630	-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

995

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
WILLIAM HILL	TRUSTEE	1.00	Director	$0	$0	$0
JOE GIORDANO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER AVALLONE	TRUSTEE	1.00	Director	$0	$0	$0
PAURIE CURRISTIN	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON DARMSTADTER	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH ANDRIANO	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	$29,192,380	$31,757,168	$16,504,184	$-2,564,788
2023	$26,713,465	$32,389,095	$19,156,887	$-5,675,630
2022	$33,957,189	$33,526,914	$23,274,077	$430,275
2021	$28,639,633	$35,253,740	$25,157,538	$-6,614,107
2020	$25,814,756	$39,381,753	$28,566,166	$-13,566,997
2019	$40,669,180	$35,386,483	$39,920,685	$5,282,697
2018	$34,366,774	$32,782,302	$31,505,781	$1,584,472

LOCAL 7 TILE INDUSTRY WELFARE FUND C/O DANIEL H COOK ASSOCIATES INC