NORTH CENTRAL STATES REGIONAL COUN… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

DEREK ALLEN

Phone

7158353174

Tax Period

2024-01-01 to 2024-12-31

NORTH CENTRAL STATES REGIONAL COUNCIL OF CARPENTERS' HEALTH FUND, founded in 1963, is a mid-sized nonprofit that reported $97.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

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

Program Service Accomplishments

Program 1

PROVIDE SELF FUNDED BENEFITS FOR APPROXIMATELY 5,949 UNION MEMBERS AND THEIR DEPENDENTS. TO PAY FOR INSURANCE PREMIUMS FOR TRANSPLANT COVERAGE FOR MEMBERS AND THEIR DEPENDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $86,179,957

Investment Income $10,532,202

Other Revenue $314,861

TOTAL REVENUE $97,027,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,580,094

TOTAL EXPENSES $106,246,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,027,020	$87,686,404	+0.1%
Expenses	$106,246,792	$100,784,909	+0.1%
Net Income	$-9,219,772	$-13,098,505	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$596,268

Total Directors

$3,523,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK NILSEN	LABOR TRUSTEE	1.00	Director	$0	$174,081	$512,452
MIKE SHEA	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	$94,471	$236,952
MICHAEL ADAMAVICH	LABOR TRUSTEE	1.00	Director	$0	$102,422	$261,948
PAT RODRIGUEZ	LABOR TRUSTEE	1.00	Director	$0	$111,335	$287,444
WAYNE NORDIN	LABOR TRUSTEE	1.00	Director	$0	$137,012	$356,938
COREY BIALCIK	LABOR TRUSTEE	1.00	Director	$0	$65,104	$161,437
BURT JOHNSON	LABOR TRUSTEE, SECRETARY/TREASURER	1.00	Officer Director	$0	$137,255	$371,188
SID SAMUELS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DAVID COENEN	LABOR TRUSTEE	1.00	Director	$0	$111,883	$296,689
APOLONIO DURAN	LABOR TRUSTEE	1.00	Director	$0	$95,090	$240,046
KEVIN HENNESSEY	LABOR TRUSTEE	1.00	Director	$0	$94,485	$236,983
DEREK ALLEN	MANAGEMENT TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$35,210	$225,080
ALLISON KNAUTZ	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SEIBEL	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JOHN WAGNER	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BOB BARKER	MANAGEMENT TRUSTEE	1.00	Director	$0	$46,172	$335,928

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
2024	$97,027,020	$106,246,792	$124,633,675	$-9,219,772
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