LOCAL 434 HEALTH & WELFARE FUND WORKERS AND SERVICE TECHS (EIN 391856935) - 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

1996

Legal Domicile

Principal Officer

MITCH RUNGE

Phone

7156924341

Tax Period

2024-06-01 to 2025-05-31

LOCAL 434 HEALTH & WELFARE FUND WORKERS AND SERVICE TECHS, founded in 1996, is a mid-sized nonprofit that reported $21.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $18.3M left a modest 14% surplus.

Mission

TO PROVIDE MEDICAL, SURGICAL, HOSPITAL, DENTAL, AND DISABILITY COVERAGE FOR ACTIVE AND RETIRED MEMBERS.

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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 $19,975,171

Investment Income $1,321,481

Other Revenue $0

TOTAL REVENUE $21,296,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,226,902

TOTAL EXPENSES $18,272,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,296,652	$19,691,477	+0.1%
Expenses	$18,272,722	$17,929,790	+0.0%
Net Income	$3,023,930	$1,761,687	+0.7%

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

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
RUSSELL BOOS	LABOR TRUSTE	1.00	Director	$0	$0	$0
MARK DAHMS	MANAGEMENT T	1.00	Director	$0	$0	$0
GREGORY ERICKSON	LABOR TRUSTE	1.00	Director	$0	$0	$0
JEFF GAECKE	SEC/TRES- MG	1.00	Officer Director	$0	$0	$0
CHRIS IGNATOWSKI	MANAGEMENT T	1.00	Director	$0	$0	$0
DAVID LEISSES	MANAGEMENT T	1.00	Director	$0	$0	$0
DOUG POTAPENKO	LABOR TRUSTE	1.00	Director	$0	$0	$0
MITCH RUNGE	CHAIR - LABO	1.00	Officer 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	$21,296,652	$18,272,722	$42,437,094	$3,023,930
2024	$19,691,477	$17,929,790	$37,861,356	$1,761,687
2023	$18,843,610	$17,509,514	$33,346,793	$1,334,096
2022	$17,650,716	$16,114,852	$32,404,041	$1,535,864
2021	$20,608,321	$13,968,812	$33,532,773	$6,639,509
2020	$16,784,145	$15,345,258	$26,518,475	$1,438,887
2019	$14,523,058	$13,486,180	$24,406,830	$1,036,878
2019	$14,523,058	$13,486,180	$24,406,830	$1,036,878
2018	$14,371,100	$14,571,451	$23,259,519	$-200,351

LOCAL 434 HEALTH & WELFARE FUND WORKERS AND SERVICE TECHS