CEMENT MASONS AND PLASTERERS LOCAL 518 HEALTH CARE FUND (EIN 436039075) - 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

KEVIN GARD

Phone

8775180518

Tax Period

2024-08-01 to 2025-07-31

CEMENT MASONS AND PLASTERERS LOCAL 518 HEALTH CARE FUND, founded in 1962, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2024. The organization ran a surplus of $3.4M, a strong 22% operating margin.

Mission

PROVIDE HEALTH AND 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,668,244

Investment Income $1,345,665

Other Revenue $352,518

TOTAL REVENUE $15,366,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,104,323

TOTAL EXPENSES $11,917,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,366,427	$14,837,057	+0.0%
Expenses	$11,917,088	$9,367,714	+0.3%
Net Income	$3,449,339	$5,469,343	-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

N/A

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
GORDON HITT	UNION TRUSTEE	40.00	Director	$0	$0	$0
GREG DAVEY	EMPLOYER TRUSTEE SECRETARY	40.00	Officer Director	$0	$0	$0
KEVIN GARD	UNION TRUSTEE CHAIRPERSON	40.00	Officer Director	$0	$0	$0
PETE BROWNE	EMPLOYER TRUSTEE	40.00	Director	$0	$0	$0
ROCKY QUEEN	EMPLOYER TRUSTEE	40.00	Director	$0	$0	$0
PHILIP MOUNT	UNION TRUSTEE	40.00	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
2025	$15,366,427	$11,917,088	$46,090,479	$3,449,339
2024	$14,837,057	$9,367,714	$40,480,812	$5,469,343
2023	$12,898,087	$8,918,946	$32,285,975	$3,979,141
2022	$11,660,519	$8,235,715	$28,192,051	$3,424,804
2021	$13,296,696	$7,634,797	$26,217,666	$5,661,899
2020	$11,480,106	$8,347,399	$21,382,385	$3,132,707
2019	$10,928,836	$7,949,399	$17,453,914	$2,979,437
2018	$10,594,196	$9,654,003	$13,751,648	$940,193

CEMENT MASONS AND PLASTERERS LOCAL 518 HEALTH CARE FUND