BRICKLAYERS LOCAL 1 OF MD VA AND DC HEALTH AND WELFARE FUND (EIN 541008445) - 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

SCOTT GARVIN

Phone

2407992400

Tax Period

2024-01-01 to 2024-12-31

BRICKLAYERS LOCAL 1 OF MD VA AND DC HEALTH AND WELFARE FUND, founded in 1950, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Expenses of $7.8M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE HEALTH BENEFITS TO ITS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,966,870

Investment Income $554,565

Other Revenue $12,417

TOTAL REVENUE $6,533,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $774,376

TOTAL EXPENSES $7,763,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,533,852	$6,359,517	+0.0%
Expenses	$7,763,344	$8,280,531	-0.1%
Net Income	$-1,229,492	$-1,921,014	-0.4%

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

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

$348,838

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT GARVIN	CO-CHAIR/UNION TRUSTEE	1.00	Director	$0	$30,922	$188,601
PHILIP G BRYANT	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHUCK DRISCOLL	UNION TRUSTEE	1.00	Director	$0	$0	$0
PEDRO CLAVIJO	UNION TRUSTEE	1.00	Director	$0	$25,041	$160,237
THOMAS STRUNGE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MIKE TREVISAN	EMPLOYER TRUSTEE	1.00	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	$6,533,852	$7,763,344	$12,082,495	$-1,229,492
2023	$6,359,517	$8,280,531	$13,211,293	$-1,921,014
2022	$6,332,898	$6,754,860	$15,926,936	$-421,962
2021	$6,750,174	$7,036,360	$18,004,570	$-286,186
2020	$7,440,012	$6,342,517	$17,141,277	$1,097,495
2019	$7,118,971	$5,741,455	$15,570,622	$1,377,516
2018	$7,027,137	$5,637,414	$13,419,443	$1,389,723

BRICKLAYERS LOCAL 1 OF MD VA AND DC HEALTH AND WELFARE FUND