LOCAL 295 IBT EMPLOYER GROUP WELFARE FUND (EIN 510243781) - 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

1953

Legal Domicile

Principal Officer

LOUIS CALEMINE

Phone

2123084200

Tax Period

2024-07-01 to 2025-06-30

LOCAL 295 IBT EMPLOYER GROUP WELFARE FUND, founded in 1953, is a mid-sized nonprofit that reported $45.7M in total revenue in fiscal year 2024. The organization ran a surplus of $11.9M, a strong 26% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $43,806,724

Investment Income $1,862,980

Other Revenue $0

TOTAL REVENUE $45,669,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,386,284

TOTAL EXPENSES $33,726,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,669,704	$45,212,772	+0.0%
Expenses	$33,726,909	$34,725,343	0.0%
Net Income	$11,942,795	$10,487,429	+0.1%

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

$610,089

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT BRUNO	TRUSTEE	2.00	Director	$0	$46,069	$187,281
LOUIS CALEMINE	TRUSTEE	2.00	Director	$0	$46,339	$205,326
ROBERT WHITAKER	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH YATES	TRUSTEE	2.00	Director	$0	$0	$0
GREGG DECKER	ALTERNATE TRUSTEE	2.00	Director	$0	$46,069	$184,942
WILLIAM ROBERTSON	TRUSTEE	2.00	Director	$0	$0	$21,373
BRADLEY PASKIEVITCH	TRUSTEE	2.00	Director	$0	$0	$0
PHILIP SACCOMANNO	TRUSTEE	2.00	Director	$0	$0	$5,717
MATTHEW WILIM	TRUSTEE	2.00	Director	$0	$0	$0
JAMES MCNALLY	ALTERNATE TRUSTEE	2.00	Director	$0	$0	$5,450
MARCIA LIN	ALTERNATE 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
2025	$45,669,704	$33,726,909	$100,510,237	$11,942,795
2024	$45,212,772	$34,725,343	$82,217,538	$10,487,429
2023	$44,211,301	$32,199,982	$66,253,079	$12,011,319
2022	$40,843,192	$28,294,805	$50,179,512	$12,548,387
2021	$39,240,921	$29,791,526	$43,678,334	$9,449,395
2020	$30,187,408	$28,119,597	$31,744,683	$2,067,811
2019	$28,685,107	$28,889,156	$27,670,060	$-204,049
2018	$25,357,062	$23,081,468	$25,197,822	$2,275,594

LOCAL 295 IBT EMPLOYER GROUP WELFARE FUND