AMERICAN POSTAL WORKERS UNION AFL-CIO HEALTH PLAN HEALTH AND WELFARE TRUST AGREEMENT

EIN: 522035053

ELKRIDGE, MD

Total Revenue
$16,772,615
Total Expenses
$8,085,938
Total Assets
$100,033,620
Net Assets
$100,033,620
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
SARAH RODRIGUEZ
Phone
4104241500
Tax Period
2023-01-01 to 2023-12-31

AMERICAN POSTAL WORKERS UNION AFL-CIO HEALTH PLAN HEALTH AND WELFARE TRUST AGREEMENT, founded in 1996, is a mid-sized nonprofit that reported $16.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 52% operating margin.

Mission

To provide benefits to employees and retirees employed by the APWU AFL-CIO Health Plan and their dependents & beneficiaries under a collective bargaining agreement.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,487,317
Investment Income $4,285,298
Other Revenue $0
TOTAL REVENUE $16,772,615

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $211,521
TOTAL EXPENSES $8,085,938

Year-over-Year Comparison

2023 2022 Change
Revenue $16,772,615 $13,838,976 +0.2%
Expenses $8,085,938 $7,996,933 +0.0%
Net Income $8,686,677 $5,842,043 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
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
4
$939,523
Total Directors
4
$766,388
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARROLL MIDGETT PLAN ADMINISTRATOR(THR.9/2023) 0.0
Officer
$0 $62,298 $331,613
RANDY GRIFFIN PLAN ADMINISTRATOR(EFF.9/2023) 0.0
Officer
$0 $52,357 $219,296
MARK DIMONDSTEIN BOARD MEMBER 0.0
Officer Director
$0 $31,071 $213,840
DEBORAH SZEREDY BOARD MEMBER 0.0
Director
$0 $27,445 $188,887
ELIZABETH POWELL BOARD MEMBER 0.0
Director
$0 $27,445 $188,887
SARAH RODRIGUEZ BOARD MEMBER/CHAIR 0.0
Officer Director
$0 $20,844 $174,774
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 No data No data No data No data
2023 $16,772,615 $8,085,938 $100,033,620 $8,686,677
2022 $13,838,976 $7,996,933 $87,123,773 $5,842,043
2021 $14,732,323 $8,001,253 $94,166,964 $6,731,070
2020 $13,061,528 $7,627,458 $87,790,415 $5,434,070
2019 $16,379,836 $7,145,810 $77,854,422 $9,234,026
2018 $9,784,750 $6,051,366 $66,898,136 $3,733,384
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