RESTAURANT INDUSTRY HEALTH & WELFA… - 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

2012

Legal Domicile

Principal Officer

GENE ERDMAN

Phone

6192602660

Tax Period

2023-01-01 to 2023-12-31

RESTAURANT INDUSTRY HEALTH & WELFARE TRUST FUND, founded in 2012, is a community nonprofit in the Mutual Benefit sector that reported $8.9M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH BENEFITS FOR PARTICIPANTS AND THEIR COVERED DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH BENEFITS (MEDICAL, DENTAL, AND VISION) FOR ELIGIBLE EMPLOYEES OF THE PARTICIPATING EMPLOYERS AND THEIR DEPENDENTS. ALL COVERED EMPLOYEES ARE ALSO ELIGIBLE TO RECEIVE LIFE INSURANCE BENEFITS. THESE INSURANCE PRODUCTS ARE FUNDED BY INSURANCE CONTRACTS PURCHASED BY THE PLAN. THERE WERE APPROXIMATELY 1,600 PARTICIPANTS IN THE PLAN IN 2023.

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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 $8,859,451

Investment Income $0

Other Revenue $17,959

TOTAL REVENUE $8,877,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $779,349

TOTAL EXPENSES $8,877,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,877,410	$8,733,287	+0.0%
Expenses	$8,877,226	$8,700,149	+0.0%
Net Income	$184	$33,138	-1.0%

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
AARON PINGEL	SECRETARY	2.00	Officer Director	$0	$0	$0
GENE ERDMAN	CHAIRPERSON	2.00	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	No data	No data	No data	No data
2023	$8,877,410	$8,877,226	$1,350,901	$184
2022	$8,733,287	$8,700,149	$2,044,044	$33,138
2021	$10,029,775	$10,056,819	$2,250,306	$-27,044
2020	$10,354,350	$10,150,810	$2,225,000	$203,540
2019	$10,536,891	$10,409,563	$2,484,733	$127,328
2018	$8,022,482	$7,979,021	$1,804,853	$43,461

RESTAURANT INDUSTRY HEALTH & WELFARE TRUST FUND