South Florida Hotel & Culinary Employee Welfare Fund (EIN 592031804) - 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

1980

Legal Domicile

Principal Officer

Wendi Walsh

Phone

9542666322

Tax Period

2023-01-01 to 2023-12-31

South Florida Hotel & Culinary Employee Welfare Fund, founded in 1980, is a mid-sized nonprofit that reported $31.3M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.0M, a strong 16% operating margin.

Mission

The Funds purpose is to provide health and welfare benefits to eligible participants and their dependents under the terms of various collectively bargained agreements.

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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 $30,171,170

Investment Income $1,126,896

Other Revenue $0

TOTAL REVENUE $31,298,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,291,915

Other Expenses $935,588

TOTAL EXPENSES $26,291,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,298,066	$27,697,523	+0.1%
Expenses	$26,291,915	$24,638,591	+0.1%
Net Income	$5,006,151	$3,058,932	+0.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendi Walsh	Trustee	001.00	Director	$0	$0	$0
Michael D'Angelo	Trustee	001.00	Director	$0	$0	$0
Jeremy Cruz	Trustee	001.00	Director	$0	$0	$0
George Greene	Trustee	001.00	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	No data	No data	No data	No data
2023	$31,298,066	$26,291,915	$30,867,389	$5,006,151
2022	$27,697,523	$24,638,591	$25,796,622	$3,058,932
2021	$28,066,603	$18,304,673	$21,634,060	$9,761,930
2020	$26,069,193	$29,936,922	$14,708,037	$-3,867,729
2019	$35,518,459	$31,234,860	$18,649,841	$4,283,599
2018	$34,714,486	$31,563,216	$11,537,430	$3,151,270

South Florida Hotel & Culinary Employee Welfare Fund