CONTRACTORS LABORERS TEAMSTERS& ENGINEERS HEALTH & WELFARE PLAN (EIN 470469477) - 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

1963

Legal Domicile

Principal Officer

TIM MCCORMICK

Phone

4024913751

Tax Period

2024-01-01 to 2024-12-31

CONTRACTORS LABORERS TEAMSTERS& ENGINEERS HEALTH & WELFARE PLAN, founded in 1963, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $12.4M left a modest 4% surplus.

Mission

THE PLAN WAS ESTABLISHED TO PROVIDE MEDICAL, DENTAL, SHORT-TERM DISABILITY BENEFITS AND PRESCRIPTIONS TO QUALIFIED PARTICIPANTS AND DEPENDENTS IN THE NEBRASKA CONSTRUCTION INDUSTRY. THE PLAN IS A COLLECTIVELY BARGAINED, MULTIEMPLOYER PLAN.

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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 $12,574,602

Investment Income $237,172

Other Revenue $59,173

TOTAL REVENUE $12,870,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,631

Fundraising Expenses $0

Other Expenses $244,171

TOTAL EXPENSES $12,392,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,870,947	$11,297,621	+0.1%
Expenses	$12,392,873	$14,148,161	-0.1%
Net Income	$478,074	$-2,850,540	-1.2%

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

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 FICHTER	TRUSTEE-SECR	2.00	Officer Director	$0	$0	$0
RON FUCINARO	TRUSTEE	2.00	Director	$0	$0	$0
NATHAN HALL	TRUSTEE	2.00	Director	$0	$0	$0
RONALD KAMINSKI	TRUSTEE	2.00	Director	$0	$0	$0
TIM MCCORMICK	TRUSTEE-CHAI	2.00	Officer Director	$0	$0	$0
JOSH RENDER	TRUSTEE	2.00	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	$12,870,947	$12,392,873	$7,872,144	$478,074
2023	$11,297,621	$14,148,161	$7,814,273	$-2,850,540
2022	$12,605,713	$12,316,488	$9,824,496	$289,225
2021	$9,188,522	$11,831,690	$12,511,344	$-2,643,168
2020	$8,060,087	$8,728,548	$12,760,935	$-668,461
2019	$7,251,991	$8,296,466	$12,565,256	$-1,044,475
2018	$7,195,437	$8,333,672	$12,149,033	$-1,138,235

CONTRACTORS LABORERS TEAMSTERS& ENGINEERS HEALTH & WELFARE PLAN