SOUTH CENTRAL LABORERS HEALTH & WELFARE FUND (EIN 726029088) - 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

1965

Legal Domicile

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

SOUTH CENTRAL LABORERS HEALTH & WELFARE FUND, founded in 1965, is a small nonprofit that reported $703K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $460K, a strong 65% operating margin.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE TERMS OF THE FUNDS TRUST AGREEMENT AND THE COLLECTIVE BARGAINING AGREEMENT.

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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 $527,618

Investment Income $174,983

Other Revenue $0

TOTAL REVENUE $702,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398

Fundraising Expenses $0

Other Expenses $122,936

TOTAL EXPENSES $243,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,601	$510,758	+0.4%
Expenses	$243,017	$566,629	-0.6%
Net Income	$459,584	$-55,871	-9.2%

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

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	Role	Reportable Comp	Other Comp	Total
DENNIS MILLER	Trustee	Director	$0	$0	$0
CLAYTON WASHBURN	Trustee	Director	$0	$0	$0
GLENN E FARNER	Trustee	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	$702,601	$243,017	$5,676,841	$459,584
2022	$510,758	$566,629	$5,139,345	$-55,871
2021	$578,730	$500,900	$5,566,650	$77,830
2020	$570,652	$405,910	$5,324,491	$164,742
2019	$578,657	$585,706	$5,063,023	$-7,049
2018	$886,240	$405,163	$4,764,467	$481,077

SOUTH CENTRAL LABORERS HEALTH & WELFARE FUND