LOCAL 434 HEALTH & WELFARE FUND WORKERS AND SERVICE TECHS

EIN: 391856935

MOSINEE, WI

Total Revenue
$21,296,652
Total Expenses
$18,272,722
Total Assets
$42,437,094
Net Assets
$42,288,148
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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
WI
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.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES 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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
22
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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