LOCAL UNIONS NO 19 AND 127 HEALTH AND WELFARE FUND (EIN 396048209) - 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

Principal Officer

BRETT LARGE

Phone

4145773700

Tax Period

2024-04-01 to 2025-03-31

LOCAL UNIONS NO 19 AND 127 HEALTH AND WELFARE FUND, founded in 1952, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2024. Expenses of $10.3M left a modest 11% surplus.

Mission

TO PROVIDE DIFFERENT HEALTH COVERAGES TO ELIGIBLE PARTICIPANTS, THEIR DEPENDENTS AND RETIREES.

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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 $11,330,427

Investment Income $309,442

Other Revenue $0

TOTAL REVENUE $11,639,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $401,663

TOTAL EXPENSES $10,346,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,639,869	$11,173,018	+0.0%
Expenses	$10,346,717	$8,216,837	+0.3%
Net Income	$1,293,152	$2,956,181	-0.6%

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

$210,707

Total Directors

$351,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT LARGE	SECRETARY/TREASURER	0.10	Officer Director	$0	$101,580	$210,707
WILLIAM NARETTA	TRUSTEE	0.10	Director	$0	$0	$0
JEREMY WICKE	TRUSTEE	0.10	Director	$0	$0	$113,334
JASON PARNAU	TRUSTEE	0.10	Director	$0	$9,881	$27,869
SCOTT PARNAU	CHAIRMAN	0.10	Officer Director	$0	$0	$0
ERICA SCHNEIDER	TRUSTEE	0.10	Director	$0	$0	$0
TONY WALTER	TRUSTEE	0.10	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	$11,639,869	$10,346,717	$12,332,289	$1,293,152
2024	$11,173,018	$8,216,837	$10,014,383	$2,956,181
2023	$9,442,376	$8,674,503	$5,909,731	$767,873
2022	$9,222,695	$8,810,342	$5,120,951	$412,353
2021	$9,047,253	$8,636,707	$4,215,584	$410,546
2020	$9,206,910	$8,690,736	$3,935,842	$516,174
2019	$8,950,197	$8,065,689	$3,003,710	$884,508
2018	$8,642,993	$9,327,683	$2,276,700	$-684,690

LOCAL UNIONS NO 19 AND 127 HEALTH AND WELFARE FUND