LABORERS DISTRICT COUNCIL OF VIRGINIA HEALTH & WELFARE FUND (EIN 546070422) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

JOHN R WEAVER

Phone

5403457735

Tax Period

2023-01-01 to 2023-12-31

LABORERS DISTRICT COUNCIL OF VIRGINIA HEALTH AND WELFARE FUND, founded in 1967, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $4.3M represent 27 months of operating reserves.

Mission

TO PROVIDE MEDICAL, HOSPITAL, VISION, PRESCRIPTION, TEMPORARY DISABILITY, AND DEATH BENEFITS TO ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,629,924

Investment Income $232,371

Other Revenue $0

TOTAL REVENUE $1,862,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $586,140

TOTAL EXPENSES $1,746,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,862,295	$1,752,339	+0.1%
Expenses	$1,746,967	$1,903,451	-0.1%
Net Income	$115,328	$-151,112	-1.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN R WEAVER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
PETER B EASTON JR	CO-CHAIRMAN	N/A	Officer Director	$0	$0	$0
CHRIS DONNELLY	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT W HEDRICK	TRUSTEE	N/A	Director	$0	$0	$0
MATHEW MCCOMAS	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$1,862,295	$1,746,967	$4,139,734	$115,328
2022	$1,752,339	$1,903,451	$3,784,692	$-151,112
2021	$1,622,209	$1,682,096	$4,743,181	$-59,887
2020	$1,475,052	$1,581,978	$4,622,467	$-106,926
2019	$1,770,935	$2,214,362	$4,403,589	$-443,427
2018	$1,958,790	$1,910,784	$4,340,213	$48,006

LABORERS DISTRICT COUNCIL OF VIRGINIA HEALTH & WELFARE FUND