ALLIED SERVICES DIVISION WELFARE FUND (EIN 591283066) - 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

1968

Legal Domicile

Principal Officer

JOSEPH CONDO

Phone

8479811290

Tax Period

2023-01-01 to 2023-12-31

ALLIED SERVICES DIVISION WELFARE FUND, founded in 1968, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $11.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE HEALTH 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,967,254

Investment Income $555,485

Other Revenue $23,870

TOTAL REVENUE $10,546,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $661,391

Fundraising Expenses $0

Other Expenses $587,302

TOTAL EXPENSES $11,907,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,546,609	$8,225,869	+0.3%
Expenses	$11,907,067	$9,471,501	+0.3%
Net Income	$-1,360,458	$-1,245,632	+0.1%

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

$214,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCCARTHY	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW HOLLIS	TRUSTEE - NEW	1.00	Director	$0	$0	$0
ELLEN CONBOY	TRUSTEE - PAST	1.00	Director	$0	$0	$0
JOSEPH CONDO	FUND ADMINISTRATOR	40.00	Officer	$200,080	$14,747	$214,827

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	$10,546,609	$11,907,067	$34,778,452	$-1,360,458
2022	$8,225,869	$9,471,501	$34,802,287	$-1,245,632
2021	$8,827,835	$10,285,756	$38,739,082	$-1,457,921
2020	$8,755,444	$8,861,628	$36,977,141	$-106,184
2019	$9,284,426	$8,270,124	$34,334,635	$1,014,302
2018	$7,891,405	$8,770,762	$30,780,898	$-879,357

ALLIED SERVICES DIVISION WELFARE FUND