GREATER KANSAS CITY LABORERS' WELFARE FUND (EIN 436039074) - 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

1962

Legal Domicile

Principal Officer

JEFF PHILGREEN

Phone

9132365490

Tax Period

2023-11-01 to 2024-10-31

GREATER KANSAS CITY LABORERS' WELFARE FUND, founded in 1962, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $4.5M left a modest 8% surplus.

Mission

PROVIDE HEALTH & WELFARE BENEFITS

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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 $3,058,048

Investment Income $1,882,178

Other Revenue $1,424

TOTAL REVENUE $4,941,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $652,857

TOTAL EXPENSES $4,528,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,941,650	$16,026,773	-0.7%
Expenses	$4,528,648	$14,712,952	-0.7%
Net Income	$413,002	$1,313,821	-0.7%

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
REGINALD L THOMAS	UNION TRUSTEE, SECRETARY	0.30	Officer Director	$0	$0	$0
DON GREENWELL	EMPLOYER TRUSTEE	0.30	Officer Director	$0	$0	$0
JEFFREY PHILGREEN	UNION TRUSTEE	0.30	Director	$0	$0	$0
MARCUS JOHNSON-EL	UNION TRUSTEE	0.30	Director	$0	$0	$0
WILLIAM HANSETT	UNION TRUSTEE	0.30	Director	$0	$0	$0
RON CHRISTIAN	UNION TRUSTEE	0.30	Director	$0	$0	$0
DAMON MILES	UNION TRUSTEE	0.30	Director	$0	$0	$0
GREGORY A DUNN	EMPLOYER TRUSTEE	0.30	Director	$0	$0	$0
MARK R TEAHAN	EMPLOYER TRUSTEE	0.30	Director	$0	$0	$0
DAN R MEYER	EMPLOYER TRUSTEE	0.30	Director	$0	$0	$0
VERN ORPIN	EMPLOYER TRUSTEE	0.30	Director	$0	$0	$0
ARCHIE SMITH V	EMPLOYER TRUSTEE	0.30	Director	$0	$0	$0
LANCE CLAIBORNE	EMPLOYER TRUSTEE, CHAIRMAN	0.30	Officer 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	$4,941,650	$4,528,648	No data	$413,002
2023	$16,026,773	$14,712,952	$26,408,444	$1,313,821
2022	$15,214,024	$16,216,989	$24,583,745	$-1,002,965
2021	$14,991,233	$17,077,135	$28,237,765	$-2,085,902
2020	$16,053,457	$16,721,733	$30,048,906	$-668,276
2018	$14,355,241	$14,674,627	$28,369,742	$-319,386

GREATER KANSAS CITY LABORERS' WELFARE FUND