BOARD OF TRUSTEES OF THE MID-ATLANTIC REGIONAL COUNCIL OF CARPENTERS HEALTH FU (EIN 526051383) - 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

1959

Legal Domicile

Principal Officer

RAUL CASTRO

Phone

2155680430

Tax Period

2023-01-01 to 2023-12-31

BOARD OF TRUSTEES OF THE MID-ATLANTIC REGIONAL COUNCIL OF CARPENTERS HEALTH FU, founded in 1959, is a mid-sized nonprofit in the Mutual Benefit sector that reported $27.8M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE HEALTH BENEFITS TO 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 $27,193,664

Investment Income $595,856

Other Revenue $0

TOTAL REVENUE $27,789,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,574,911

TOTAL EXPENSES $30,349,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,789,520	$35,018,908	-0.2%
Expenses	$30,349,418	$28,981,082	+0.0%
Net Income	$-2,559,898	$6,037,826	-1.4%

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

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

$1,006,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAUL CASTRO	TRUSTEE	1.00	Director	$0	$0	$130,509
WILLIAM SPROULE	TRUSTEE	1.00	Director	$0	$0	$374,635
ANTHONY ABRANTES	TRUSTEE	1.00	Director	$0	$0	$272,180
JOHN BARBER	TRUSTEE	1.00	Director	$0	$0	$130,599
PEGGY JONES	TRUSTEE	1.00	Director	$0	$0	$0
MARK HUMPHREY	TRUSTEE	1.00	Director	$0	$0	$0
LEWIS KIMBALL	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE MALONEY	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS ODELL	TRUSTEE	1.00	Director	$0	$0	$0
MIKE CONNER	TRUSTEE	1.00	Director	$0	$0	$98,832

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	$27,789,520	$30,349,418	$55,363,576	$-2,559,898
2022	$35,018,908	$28,981,082	$56,498,316	$6,037,826
2021	$32,140,632	$30,611,635	$56,297,462	$1,528,997
2020	$33,098,431	$27,701,212	$53,174,511	$5,397,219
2020	$33,075,651	$27,529,084	$53,302,464	$5,546,567
2019	$31,220,486	$27,957,420	$46,928,032	$3,263,066
2018	$30,733,609	$29,989,823	$37,782,536	$743,786

BOARD OF TRUSTEES OF THE MID-ATLANTIC REGIONAL COUNCIL OF CARPENTERS HEALTH FU