Laborers Welfare Fund of Delaware Local Nos 199 (EIN 516015930) - 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

1959

Legal Domicile

Principal Officer

Donna Doherty

Phone

8449510635

Tax Period

2024-05-01 to 2025-04-30

Laborers Welfare Fund of Delaware Local Nos 199, founded in 1959, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.7M, a strong 29% operating margin.

Mission

Provide health, disability insurance, and death benefits to members and their families.

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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 $5,536,686

Investment Income $345,212

Other Revenue $0

TOTAL REVENUE $5,881,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,796,243

Other Expenses $378,520

TOTAL EXPENSES $4,174,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,881,898	$6,059,822	0.0%
Expenses	$4,174,763	$3,041,773	+0.4%
Net Income	$1,707,135	$3,018,049	-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

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

$485,376

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donna Doherty	Employer Co-Chairman	2.00	Director	$0	$0	$0
Sean Healy	Employer Trustee	2.00	Director	$0	$0	$0
Anthony Rizzo	Employer Trustee	2.00	Director	$0	$0	$0
Tony Brown	Employer Trustee	2.00	Director	$0	$0	$0
John Doherty	Employer Trustee Appointed Mar 2025	2.00	Director	$0	$0	$0
Gregg Furtaw	Employer Trustee Resigned Mar 2025	2.00	Director	$0	$0	$0
Bryon Short	Employer Trustee Resigned Mar 2025	2.00	Director	$0	$0	$0
Michael Hellstrom	Union Co-Chairman	2.00	Director	$0	$0	$0
Ian Patton	Union Trustee	2.00	Director	$0	$0	$0
James Maravelias	Union Trustee	2.00	Director	$0	$0	$0
Curtis Linton	Union Trustee	2.00	Director	$0	$102,661	$304,810
Anthony Horton	Union Trustee	2.00	Director	$0	$0	$0
Mario Corea	Union Trustee	2.00	Director	$0	$78,713	$180,566

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	$5,881,898	$4,174,763	$11,300,575	$1,707,135
2024	$6,059,822	$3,041,773	$9,519,959	$3,018,049
2023	$5,700,185	$5,766,469	$6,338,503	$-66,284
2022	$5,657,969	$4,835,509	$6,466,935	$822,460
2021	$4,433,824	$4,525,979	$6,062,921	$-92,155
2020	$5,288,085	$4,946,144	$5,906,621	$341,941
2019	$5,574,141	$3,607,734	$5,280,701	$1,966,407
2018	$4,987,238	$4,127,965	$3,270,748	$859,273

Laborers Welfare Fund of Delaware Local Nos 199