CARPENTERS LOCAL NO 491 HEALTH AND WELFARE FUND (EIN 521252611) - 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

1980

Legal Domicile

Principal Officer

Todd Weitzman

Phone

4106836500

Tax Period

2024-01-01 to 2024-12-31

CARPENTERS LOCAL NO 491 HEALTH AND WELFARE FUND, founded in 1980, is a community nonprofit in the Employment sector that reported $5.6M in total revenue in fiscal year 2024. Expenses of $4.9M left a modest 12% surplus.

Mission

To provide medical benefits to its members

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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 $5,420,110

Investment Income $208,696

Other Revenue $0

TOTAL REVENUE $5,628,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,308

Fundraising Expenses $0

Program Expenses $0

Other Expenses $472,666

TOTAL EXPENSES $4,934,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,628,806	$5,293,842	+0.1%
Expenses	$4,934,891	$4,246,437	+0.2%
Net Income	$693,915	$1,047,405	-0.3%

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
Ray Brugueras	Labor Trustee	1	Director	$0	$0	$0
Bill Sproule	Labor Trustee	1	Director	$0	$0	$0
Robert Tarby	Labor Trustee	1	Director	$0	$0	$0
Stephen deLeon	Employer Trustee	1	Director	$0	$0	$0
Mike Joyce	Employer Trustee	1	Director	$0	$0	$0
Todd Weitzman	Employer Trustee	1	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	$5,628,806	$4,934,891	$9,761,445	$693,915
2023	$5,293,842	$4,246,437	$8,802,349	$1,047,405
2022	$4,664,455	$3,992,635	$7,334,835	$671,820
2021	$2,341,913	$3,754,776	$7,500,267	$-1,412,863
2020	$1,786,011	$5,120,551	$8,594,456	$-3,334,540

CARPENTERS LOCAL NO 491 HEALTH AND WELFARE FUND