ASBESTOS WORKERS LOCAL UNION NO 80… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

RON PIERSOL

Phone

8886322887

Tax Period

2023-07-01 to 2024-06-30

ASBESTOS WORKERS LOCAL UNION NO 80 SUPPLEMENTAL MEDICAL PLAN, founded in 1994, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Net assets of $10.2M represent 87 months of operating reserves.

Mission

PROVISION OF MEDICAL, WEEKLY ACCIDENT & SICKNESS AND RETIREE HEALTH INSURANCE BENEFITS TO MEMBERS OF ASBESTOS WORKERS LOCAL UNION NO. 80.

Program Service Accomplishments

Program 1

ACTIVITIES DURING THE PERIOD CONSISTED OF ACCUMULATING AND INVESTING FUNDS TO PROVIDE MEDICAL, WEEKLY ACCIDENT AND SICKNESS AND RETIREE HEALTH INSURANCE BENEFITS TO UNION 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,263,349

Investment Income $141,436

Other Revenue $0

TOTAL REVENUE $1,404,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $105,928

TOTAL EXPENSES $1,413,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,404,785	$1,455,376	0.0%
Expenses	$1,413,002	$1,679,799	-0.2%
Net Income	$-8,217	$-224,423	-1.0%

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

$190,358

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ATRIP	TRUSTEE - EMPLOYER	1.00	Director	$0	$0	$0
DAN PATTERSON	TRUSTEE - EMPLOYER	1.00	Director	$0	$0	$0
RYAN PATTERSON	TRUSTEE - EMPLOYER	1.00	Director	$0	$0	$0
RON PIERSOL JR	TRUSTEE - UNION	1.00	Director	$0	$0	$98,258
J TODD MOTZ	TRUSTEE - UNION	1.00	Director	$0	$0	$92,100
DERRICK SHEPHERD	TRUSTEE - UNION	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
2025	No data	No data	No data	No data
2024	$1,404,785	$1,413,002	$10,170,944	$-8,217
2023	$1,455,376	$1,679,799	$9,368,956	$-224,423
2022	$1,690,993	$1,981,667	$9,067,074	$-290,674
2021	$1,667,449	$2,011,497	$10,235,426	$-344,048
2020	$1,600,408	$1,429,094	$9,530,947	$171,314
2019	$1,583,599	$1,245,986	$9,303,862	$337,613
2018	$1,899,772	$1,697,851	$8,620,943	$201,921

ASBESTOS WORKERS LOCAL UNION NO 80 SUPPLEMENTAL MEDICAL PLAN