NATIONAL ASBESTOS WORKERS MEDICAL FUND FUND BOARD OF TRUSTEES

EIN: 526038498

PEMBROKE PINES, FL

Total Revenue
$67,537,291
Total Expenses
$64,286,603
Total Assets
$68,773,367
Net Assets
$67,561,877
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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
1953
Legal Domicile
FL
Principal Officer
RON PIERSOL JR
Phone
8886322887
Tax Period
2023-08-01 to 2024-07-31

NATIONAL ASBESTOS WORKERS MEDICAL FUND FUND BOARD OF TRUSTEES, founded in 1953, is a mid-sized nonprofit that reported $67.5M in total revenue in fiscal year 2023. Expenses of $64.3M left a modest 5% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS.

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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 $61,146,420
Investment Income $1,842,971
Other Revenue $4,547,900
TOTAL REVENUE $67,537,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,149,919
TOTAL EXPENSES $64,286,603

Year-over-Year Comparison

2023 2022 Change
Revenue $67,537,291 $63,665,751 +0.1%
Expenses $64,286,603 $67,800,404 -0.1%
Net Income $3,250,688 $-4,134,653 -1.8%
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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Governance

Voting Members
44
Independent Members
44
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
0
$0
Total Directors
53
$1,290,546
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL SCHULTZ UNION TRUSTEE LOCAL 15 2.00
Director
$0 $62,335 $280,608
DONALD STANLEY UNION TRUSTEE LOCALS 13, 6 2.00
Director
$0 $52,431 $272,726
MICHAEL HICKEY UNION TRUSTEE LOCAL 41 2.00
Director
$0 $52,431 $271,540
RICKY J JOHNSON UNION TRUSTEE LOCAL 28 2.00
Director
$0 $52,431 $271,093
ANDREW MILLER UNION TRUSTEE LOCAL 75 2.00
Director
$0 $0 $0
BO MODLIN UNION TRUSTEE LOCAL 74 2.00
Director
$0 $0 $0
BRIAN FINEGAN UNION TRUSTEE LOCAL 51 2.00
Director
$0 $0 $0
BRYAN MATT BERLIN UNION TRUSTEE LOCAL 86 2.00
Director
$0 $0 $0
CARL SCHULTZ EMPLOYER TRUSTEE LOCAL 18 2.00
Director
$0 $0 $0
CHARLES MARTIN UNION TRUSTEE LOCAL 27 2.00
Director
$0 $0 $0
CHARLIE WOODY UNION TRUSTEE LOCAL 46 2.00
Director
$0 $0 $0
DALE CULLUM UNION TRUSTEE LOCAL 92 2.00
Director
$0 $0 $0
DALYN ROSE UNION TRUSTEE LOCAL 41 2.00
Director
$0 $0 $0
DAN PATTERSON EMPLOYER TRUSTEE LOCALS 10 2.00
Director
$0 $0 $0
DANIEL HUNNICUTT UNION TRUSTEE LOCAL 96 2.00
Director
$0 $0 $0
DANIEL POTEET UNION TRUSTEE LOCAL 50 2.00
Director
$0 $0 $0
DAVID HEADRICK EMPLOYER TRUSTEE LOCAL 48 2.00
Director
$0 $0 $0
DURWARD FLEMING UNION TRUSTEE LOCAL 55 2.00
Director
$0 $0 $0
GLENN CROUSE EMPLOYER TRUSTEE LOCAL 46 2.00
Director
$0 $0 $0
JAMES DIERSING EMPLOYER TRUSTEE LOCAL 8 2.00
Director
$0 $0 $0
JAMES GRIBBINS EMPLOYER TRUSTEE LOCALS 27 2.00
Director
$0 $0 $0
JARED GOODSITE EMPLOYER TRUSTEE LOCAL 50 2.00
Director
$0 $0 $0
JASON SMITH UNION TRUSTEE LOCAL 18 2.00
Director
$0 $0 $0
JERAMY MCCOY UNION TRUSTEE LOCAL 10 2.00
Director
$0 $0 $0
JOE JOYNER UNION TRUSTEE LOCAL 90 2.00
Director
$0 $0 $0
JOEL HOBBS EMPLOYER TRUSTEE LOCAL 28 2.00
Director
$0 $0 $0
JOHN GRAY UNION TRUSTEE LOCAL 114 2.00
Director
$0 $0 $0
JOHN LAMBERTON EMPLOYER TRUSTEE AWLU 2.00
Director
$0 $0 $0
KENNETH GRADELESS EMPLOYER TRUSTEE LOCAL 75 2.00
Director
$0 $0 $0
KENNETH SLAVEN UNION TRUSTEE LOCAL 48 2.00
Director
$0 $0 $0
KENT KRUSE EMPLOYER TRUSTEE LOCAL 15 2.00
Director
$0 $0 $0
KHRIS SHIVELY UNION TRUSTEE LOCAL 45 2.00
Director
$0 $0 $0
LACY WOLF UNION TRUSTEE LOCAL 22 2.00
Director
$0 $0 $0
MATT CALDWELL EMPLOYER TRUSTEE LOCAL 72 2.00
Director
$0 $0 $0
MICHAEL HAYDEN EMPLOYER TRUSTEE LOCAL 51 2.00
Director
$0 $0 $0
MIKE O'CONNELL EMPLOYER TRUSTEE LOCAL 45 2.00
Director
$0 $0 $0
PAT PRINCE EMPLOYE TRUSTEE LOCAL 74 2.00
Director
$0 $0 $0
R DEAN BURROWS EMPLOYER TRUSTEE LOCAL 69 2.00
Director
$0 $0 $0
RICHARD CHAMBERLAIN UNION TRUSTEE LOCAL 73 2.00
Director
$0 $0 $0
ROBERT GREIN EMPLOYER TRUSTEE LOCAL 22 2.00
Director
$0 $0 $0
RODNEY HAMILTON EMPLOYER TRUSTEE LOCAL 41 2.00
Director
$0 $0 $0
ROGER BROWN UNION TRUSTEE LOCAL 94 2.00
Director
$0 $0 $0
RON PIERSOL JR UNION TRUSTEE LOCAL 80 2.00
Director
$0 $96,321 $194,579
RONALD GOOD EMPLOYER TRUSTEE LOCAL 90 2.00
Director
$0 $0 $0
STEPHEN HUSBANDS EMPLOYER TRUSTEE LOCAL 73 2.00
Director
$0 $0 $0
STEVE OVERBY UNION TRUSTEE LOCAL 69 2.00
Director
$0 $0 $0
STEVEN CARR UNION TRUSTEE LOCAL 37 2.00
Director
$0 $0 $0
TERRY BURKE UNION TRUSTEE LOCAL 8 2.00
Director
$0 $0 $0
TIM BLALOCK EMPLOYER TRUSTEE LOCAL 67, 2.00
Director
$0 $0 $0
TIM LEFTWICH EMPLOYER TRUSTEE LOCAL 94 2.00
Director
$0 $0 $0
TONY GREEN EMPLOYER TRUSTEE LOCAL 92 2.00
Director
$0 $0 $0
WALTER JOHNS EMPLOYER TRUSTEE LOCAL 13 2.00
Director
$0 $0 $0
WILLIAM CHURLY EMPLOYER TRUSTEE LOCAL 60 2.00
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 $67,537,291 $64,286,603 $68,773,367 $3,250,688
2023 $63,665,751 $67,800,404 $62,863,011 $-4,134,653
2022 $67,920,520 $59,367,689 $67,405,032 $8,552,831
2021 $59,435,816 $59,003,710 $62,876,344 $432,106
2020 $53,743,300 $56,238,260 $61,227,789 $-2,494,960
2019 $52,592,290 $59,205,546 $62,075,783 $-6,613,256
2018 $51,735,474 $58,720,179 $68,815,906 $-6,984,705
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