WAREHOUSE EMPLOYEES UNION LOCAL NO 730 HEALTH & WELFARE TRUST FUND (EIN 526058419) - 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

1963

Legal Domicile

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

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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 (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

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

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

$605,595

Key Employees

Highest Compensated

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

WAREHOUSE EMPLOYEES UNION LOCAL NO 730 HEALTH & WELFARE TRUST FUND