REILLY CONSTRUCTION EMPLOYEE WELFARE TRUST (EIN 421339850) - 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

1989

Legal Domicile

Principal Officer

CHARLES COVELL

Phone

5635329211

Tax Period

2024-01-01 to 2024-12-31

REILLY CONSTRUCTION EMPLOYEE WELFARE TRUST, founded in 1989, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

THE COLLECTION OF CONTRIBUTIONS FROM THE EMPLOYER/SPONSOR OF THE PLAN AND EMPLOYEES ALONG WITH REINSURANCE RECEIVED BY PLAN. THE DISBURSEMENT OF THESE RECEIPTS FOR MEDICAL AND OTHER SERVICE EXPENSES TO PARTICIPANTS.

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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 $1,939,404

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,939,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $723,817

TOTAL EXPENSES $1,894,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,939,404	$2,282,935	-0.2%
Expenses	$1,894,924	$2,324,474	-0.2%
Net Income	$44,480	$-41,539	-2.1%

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

$390,327

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER REILLY	TRUSTEE	1.00	Director	$0	$0	$158,710
JUSTIN LECHTENBERG	TRUSTEE	1.00	Director	$0	$0	$151,610
CHARLES COVELL	TRUSTEE	1.00	Director	$0	$0	$80,007

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	$1,939,404	$1,894,924	$138,298	$44,480
2023	$2,282,935	$2,324,474	$93,818	$-41,539
2022	$1,398,679	$1,514,872	$135,357	$-116,193
2022	$1,703,962	$1,820,155	$135,357	$-116,193
2021	$2,905,228	$2,868,198	$251,550	$37,030
2020	$2,574,682	$2,473,006	$214,520	$101,676
2019	$2,464,754	$2,717,798	$112,844	$-253,044
2018	$2,392,686	$2,238,208	$365,888	$154,478

REILLY CONSTRUCTION EMPLOYEE WELFARE TRUST