RODMAN LOCAL 201 WELFARE FUND UNION 201 WELFARE FUND (EIN 526038517) - 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

1950

Legal Domicile

Principal Officer

KENDALL MARTIN

Phone

4124712885

Tax Period

2018-07-01 to 2019-06-30

RODMAN LOCAL 201 WELFARE FUND UNION 201 WELFARE FUND, founded in 1950, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE HEALTH & 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%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,491,702

Investment Income $90,557

Other Revenue $78

TOTAL REVENUE $1,582,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $232,483

TOTAL EXPENSES $1,803,196

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,582,337	$1,694,344	-0.1%
Expenses	$1,803,196	$1,900,370	-0.1%
Net Income	$-220,859	$-206,026	+0.1%

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

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

Total Directors

$175,021

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENDALL MARTIN	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT MIGLIACCIO	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN MCVEIGH	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH WOOD	TRUSTEE	2.00	Director	$0	$0	$0
JAMES AYERSMAN	TRUSTEE	2.00	Director	$0	$0	$0
GARY ARMSTRONG	TRUSTEE	2.00	Director	$0	$78,063	$175,021

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
2019	$1,582,337	$1,803,196	$3,775,572	$-220,859
2019	$778,123	$846,476	No data	$-68,353
2018	$1,694,344	$1,900,370	$3,758,995	$-206,026

RODMAN LOCAL 201 WELFARE FUND UNION 201 WELFARE FUND