DULUTH BUILDING TRADES HEALTH AND … - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

MITCHELL DIERS

Phone

2187284231

Tax Period

2024-01-01 to 2024-12-31

DULUTH BUILDING TRADES HEALTH AND WELFARE FUND, founded in 1970, is a mid-sized nonprofit that reported $20.3M in total revenue in fiscal year 2024. Expenses of $19.1M left a modest 6% surplus.

Mission

HEALTH/WELFARE FUND

Program Service Accomplishments

Program 1

WELFARE FUND BENEFITS FOR VARIOUS PARTICIPANTS IN THE PLAN INCLUDE COVERAGE FOR ACCIDENT, HOSPITAL, MEDICAL, AND DENTAL COVERAGE WHICH IS THE EXEMPT PURPOSE OF THE ORGANIZATION.

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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 $18,137,882

Investment Income $2,150,359

Other Revenue $255

TOTAL REVENUE $20,288,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,102,851

TOTAL EXPENSES $19,129,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,288,496	$18,902,094	+0.1%
Expenses	$19,129,067	$16,898,474	+0.1%
Net Income	$1,159,429	$2,003,620	-0.4%

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

N/A

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
ANDY CAMPEAU	LAB TRUSTEE	1.00	Director	$0	$0	$0
BEN DAHLSTROM	MGMT TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL DIERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID HEBIG	MGMT TRUSTEE	1.00	Director	$0	$0	$0
JEROME JOHNSON	MGMT TRUSTEE	1.00	Director	$0	$0	$0
KYLER KINN	LABOR TRUSTE	1.00	Director	$0	$0	$0
JASON QUIGGIN	MGMT CHAIR	1.00	Officer Director	$0	$0	$0
SAMUEL SCHULTZ	LAB TRUSTEE	1.00	Director	$0	$0	$0
JEFF STARK	LABOR TRUSTE	1.00	Director	$0	$0	$0
MARK SWANSON	VICE CHAIR (	1.00	Officer Director	$0	$0	$0
MARK URICK	MGMT TRUSTEE	1.00	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
2024	$20,288,496	$19,129,067	$35,520,045	$1,159,429
2023	$18,902,094	$16,898,474	$35,128,181	$2,003,620
2022	$19,317,621	$16,683,792	$32,045,593	$2,633,829
2021	$16,928,009	$16,842,727	$35,749,617	$85,282
2020	$14,147,975	$12,403,335	$34,694,739	$1,744,640
2019	$14,877,050	$16,113,164	$31,131,556	$-1,236,114
2018	$13,232,646	$15,135,886	$30,469,542	$-1,903,240

DULUTH BUILDING TRADES HEALTH AND WELFARE FUND