LABORERS DISTRICT COUNCIL HEALTH & WELFARE TRUST FUND NO 2 (EIN 520228954) - 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

1955

Legal Domicile

Principal Officer

RYAN BOYER

Phone

4108729500

Tax Period

2023-10-01 to 2024-09-30

LABORERS DISTRICT COUNCIL HEALTH & WELFARE TRUST FUND NO 2, founded in 1955, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $9.8M left a modest 11% surplus.

Mission

PROVIDER OF HOSPITAL, MEDICAL AND OTHER WELFARE BENEFITS TO PARTICIPANTS.

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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 $10,811,047

Investment Income $240,138

Other Revenue $0

TOTAL REVENUE $11,051,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $617,384

TOTAL EXPENSES $9,784,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,051,185	$8,712,658	+0.3%
Expenses	$9,784,865	$9,169,864	+0.1%
Net Income	$1,266,320	$-457,206	-3.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGO CARBALLO	UNION TRUSTEE	1.00	Director	$0	$0	$0
MATT BONZELLA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
PAT HURLEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GEORGE MALONEY	EMPLOYER TRUSTEE/CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
PEGGY JONES	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
RYAN N BOYER	UNION TRUSTEE/CHAIRMAN	1.00	Officer Director	$0	$0	$0
JULIO PALOMO	UNION TRUSTEE	1.00	Officer Director	$0	$0	$0
ALAN R PARHAM	UNION TRUSTEE	1.00	Director	$0	$0	$0
VAUGHN THOMAS	UNION 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	$11,051,185	$9,784,865	$9,157,117	$1,266,320
2023	$8,712,658	$9,169,864	$7,540,131	$-457,206
2022	$8,279,213	$7,626,884	$8,366,852	$652,329
2021	$7,556,820	$10,589,561	$8,976,286	$-3,032,741
2020	$11,499,707	$8,729,720	$11,899,102	$2,769,987
2019	$10,227,904	$8,865,712	$8,438,327	$1,362,192
2018	$9,181,909	$8,986,542	$6,172,224	$195,367

LABORERS DISTRICT COUNCIL HEALTH & WELFARE TRUST FUND NO 2