LOUISIANA LABORERS HEALTH & WELFARE FUND (EIN 726031293) - 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

1971

Legal Domicile

Principal Officer

GLENN FARNER

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

LOUISIANA LABORERS HEALTH & WELFARE FUND, founded in 1971, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Expenses of $3.8M left a modest 7% surplus.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN ACCORDANCE WITH THE TERMS OF THE FUND'S TRUST 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 $3,807,402

Investment Income $321,945

Other Revenue $0

TOTAL REVENUE $4,129,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,235,318

Other Expenses $489,165

TOTAL EXPENSES $3,830,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,129,347	$4,115,117	+0.0%
Expenses	$3,830,728	$3,804,586	+0.0%
Net Income	$298,619	$310,531	0.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT S BOH	Chairman	1.00	Director	$0	$0	$0
DENNIS MILLER	Trustee	1.00	Director	$0	$0	$0
SCOTTY ODOM	Trustee	1.00	Director	$0	$0	$0
NEAL MCCLEARY	Trustee	1.00	Director	$0	$0	$0
GLENN FARNER	Secretary	1.00	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	$4,129,347	$3,830,728	$13,325,037	$298,619
2022	$4,115,117	$3,804,586	$12,492,986	$310,531
2021	$4,278,244	$3,050,163	$13,439,003	$1,228,081
2020	$3,750,378	$4,497,456	$13,381,997	$-747,078
2019	$4,913,130	$3,308,251	$13,936,829	$1,604,879
2018	$7,082,696	$5,002,519	$12,453,369	$2,080,177

LOUISIANA LABORERS HEALTH & WELFARE FUND