NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS' HEALTH FUND (EIN 396069788) - 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

1963

Legal Domicile

Principal Officer

BURT JOHNSON

Phone

7158353174

Tax Period

2023-01-01 to 2023-12-31

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS' HEALTH FUND, founded in 1963, is a mid-sized nonprofit that reported $87.7M in total revenue in fiscal year 2023. Expenses of $100.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO UNION MEMBERS AND THEIR DEPENDENTS.

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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 $84,977,423

Investment Income $2,626,403

Other Revenue $82,578

TOTAL REVENUE $87,686,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,249,917

TOTAL EXPENSES $100,784,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,686,404	$82,389,191	+0.1%
Expenses	$100,784,909	$87,060,221	+0.2%
Net Income	$-13,098,505	$-4,671,030	+1.8%

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

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

$626,859

Total Directors

$2,631,352

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK NILSEN	LABOR TRUSTEE	1.00	Director	$0	$86,273	$406,201
MIKE SHEA	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SIEBEL	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BARRY SCHOLZ	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JAMES MARTIN	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
SAM GABRILSKA	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
ERIC BALLWEG	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DAVE SMESTAD	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
SCOTT WATSON	LABOR TRUSTEE	1.00	Director	$0	$59,522	$177,904
MICHAEL ADAMAVICH	LABOR TRUSTEE	1.00	Director	$0	$59,522	$183,823
PAT RODRIGUEZ	LABOR TRUSTEE	1.00	Director	$0	$66,136	$204,248
CHRIS HILL	LABOR TRUSTEE	1.00	Director	$0	$41,305	$119,381
WAYNE NORDIN	LABOR TRUSTEE	1.00	Director	$0	$79,084	$287,034
COREY BIALCIK	LABOR TRUSTEE	1.00	Director	$0	$66,136	$223,999
BURT JOHNSON	TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$76,374	$301,645
ROBERT BARKER	TRUSTEE, SECRETARY/TREASUR	1.00	Officer Director	$0	$47,774	$325,214
SID SAMUELS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DAVID COENEN	LABOR TRUSTEE	1.00	Director	$0	$66,136	$223,999
APOLONIO DURAN	LABOR TRUSTEE	1.00	Director	$0	$59,522	$177,904

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	$87,686,404	$100,784,909	$135,714,913	$-13,098,505
2022	$82,389,191	$87,060,221	$139,652,826	$-4,671,030
2021	$79,291,900	$80,748,743	$165,171,349	$-1,456,843
2020	$75,313,473	$77,476,145	$192,578,987	$-2,162,672
2019	$76,392,110	$81,441,173	$187,206,552	$-5,049,063
2018	$73,811,567	$72,471,149	$164,317,819	$1,340,418

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS' HEALTH FUND