UAW LOCAL 241 HEALTH AND WELFARE FUND

EIN: 464422414 Mutual Benefit

HIBBING, MN

Total Revenue
$982,558
Total Expenses
$958,922
Total Assets
$271,589
Net Assets
$270,829
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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
2014
Legal Domicile
MN
Principal Officer
KEVIN DOOLEY
Phone
2189695293
Tax Period
2023-01-01 to 2023-12-31

UAW LOCAL 241 HEALTH AND WELFARE FUND, founded in 2014, is a small nonprofit in the Mutual Benefit sector that reported $983K in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $980,269
Investment Income $2,289
Other Revenue $0
TOTAL REVENUE $982,558

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $28,492
TOTAL EXPENSES $958,922

Year-over-Year Comparison

2023 2022 Change
Revenue $982,558 $930,792 +0.1%
Expenses $958,922 $991,353 0.0%
Net Income $23,636 $-60,561 -1.4%
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

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Governance

Voting Members
6
Independent Members
6
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID FRISKE TRUSTEE 1.00
Director
$0 $0 $0
ERIC PETERSON TRUSTEE 1.00
Director
$0 $0 $0
KEVIN DOOLEY TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH MALLEY TRUSTEE 2.00
Director
$0 $0 $0
BURLEIGH RANDOLPH TRUSTEE 1.00
Director
$0 $0 $0
DWAYNE HAAPANEN 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 No data No data No data No data
2023 $982,558 $958,922 $271,589 $23,636
2022 $930,792 $991,353 $247,913 $-60,561
2021 $949,554 $980,209 $308,434 $-30,655
2020 $967,688 $998,787 $339,099 $-31,099
2019 $1,063,059 $999,025 $370,068 $64,034
2018 $996,979 $939,231 $306,364 $57,748
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