UNITED ASSOC OF JOURNEYMAN & APPRENTICE LOCAL 198 AFL-CIO HEALTH & WELFARE FUND

EIN: 720522454

JACKSONVILLE, FL

Total Revenue
$14,010,688
Total Expenses
$10,683,159
Total Assets
$33,014,784
Net Assets
$32,881,827
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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
1961
Legal Domicile
LA
Principal Officer
JONATHAN L WADDELL
Phone
2253563333
Tax Period
2023-09-01 to 2024-08-31

UNITED ASSOC OF JOURNEYMAN & APPRENTICE LOCAL 198 AFL-CIO HEALTH & WELFARE FUND, founded in 1961, is a mid-sized nonprofit that reported $14.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 24% operating margin.

Mission

TO PROVIDE MEDICAL AND LIFE BENEFITS FOR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,090,555
Investment Income $920,133
Other Revenue $0
TOTAL REVENUE $14,010,688

Expense Breakdown

Grants Paid $269,749
Salaries & Benefits $4,409
Fundraising Expenses $0
Other Expenses $635,273
TOTAL EXPENSES $10,683,159

Year-over-Year Comparison

2023 2022 Change
Revenue $14,010,688 $12,085,054 +0.2%
Expenses $10,683,159 $11,703,335 -0.1%
Net Income $3,327,529 $381,719 +7.7%
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

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Governance

Voting Members
12
Independent Members
10
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
2
$262,308
Total Directors
12
$262,308
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN WADDELL CHAIRMAN/TRUSTEE 0.25
Officer Director
$0 $51,894 $136,821
MICHAEL LEE TRUSTEE 0.25
Director
$0 $0 $0
JAMES WRIGHT TRUSTEE 0.25
Director
$0 $0 $0
JOE MARANTO TRUSTEE 0.25
Officer Director
$0 $49,627 $125,487
KELLY CRAFT TRUSTEE 0.25
Director
$0 $0 $0
CHARLES BERNHARD TRUSTEE 0.25
Director
$0 $0 $0
JOHN SANCHEZ JR TRUSTEE 0.25
Director
$0 $0 $0
KIM VANCE TRUSTEE 0.25
Director
$0 $0 $0
BARRY IVEY SECRETARY 0.25
Director
$0 $0 $0
KEITH GINN TRUSTEE 0.25
Director
$0 $0 $0
NICOLE DOWERS TRUSTEE 0.25
Director
$0 $0 $0
NEAL MCCLEARY TRUSTEE 0.25
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 $14,010,688 $10,683,159 $33,014,784 $3,327,529
2023 $12,085,054 $11,703,335 $27,883,069 $381,719
2022 $13,783,640 $9,622,630 $26,011,046 $4,161,010
2021 $13,413,319 $8,689,405 $24,245,042 $4,723,914
2020 $12,932,655 $10,282,643 $18,986,633 $2,650,012
2019 $13,178,354 $10,504,841 $15,430,468 $2,673,513
2018 $12,782,996 $11,107,031 $12,386,013 $1,675,965
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