WAREHOUSE EMPLOYEES UNION LOCAL NO 730 HEALTH & WELFARE TRUST FUND

EIN: 526058419

SPARKS, MD

Total Revenue
$6,649,049
Total Expenses
$3,747,220
Total Assets
$26,835,079
Net Assets
$26,756,705
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
MD
Principal Officer
WILLIAM DAVIS
Phone
4106837763
Tax Period
2024-01-01 to 2024-12-31

WAREHOUSE EMPLOYEES UNION LOCAL NO 730 HEALTH & WELFARE TRUST FUND, founded in 1963, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024. The organization ran a surplus of $2.9M, a strong 44% operating margin.

Mission

TO PROVIDE MEDICAL, DENTAL, VISION AND LIFE INSURANCE BENEFITS.

Program Service Accomplishments

Program 1

MEDICAL INSURANCE, DENTAL INSURANCE, LIFE AND ACCIDENTAL DEATH, AND VISION CARE BENEFITS ARE PROVIDED TO ELIGIBLE WAREHOUSE LOCAL NO. 730 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,666,202
Investment Income $979,702
Other Revenue $3,145
TOTAL REVENUE $6,649,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $588,648
TOTAL EXPENSES $3,747,220

Year-over-Year Comparison

2024 2023 Change
Revenue $6,649,049 $6,500,595 +0.0%
Expenses $3,747,220 $2,930,485 +0.3%
Net Income $2,901,829 $3,570,110 -0.2%
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
6
Independent Members
6
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
8
$605,595
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK STEGMAN EMPLOYER TRUSTEE 2.00
Director
$1,750 $0 $1,750
FRANKLIN MYERS UNION TRUSTEE - ALTERNATE (P) 2.00
Director
$0 $56,433 $190,881
JASON PARADIS EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL GOBLE P EMPLOYER TRUSTEE- ALTERNATE 2.00
Director
$0 $0 $0
RITCHIE BROOKS UNION TRUSTEE 2.00
Director
$0 $0 $0
MOHAMMED KAMARA EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM DAVIS UNION TRUSTEE 2.00
Director
$0 $56,433 $212,877
SCOTT CLARK UNION TRUSTEE 2.00
Director
$0 $56,433 $200,087
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 $6,649,049 $3,747,220 $26,835,079 $2,901,829
2023 $6,500,595 $2,930,485 $23,958,992 $3,570,110
2022 $7,012,210 $2,942,228 $19,901,034 $4,069,982
2021 $6,931,704 $3,216,658 $16,661,620 $3,715,046
2020 $6,076,726 $3,352,838 $13,457,305 $2,723,888
2019 $5,410,539 $4,265,213 $10,520,552 $1,145,326
2018 $5,029,785 $3,126,307 $9,098,121 $1,903,478
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