COLUMBIA, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASBESTOS WORKERS L 24 MEDICAL FUND, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $9.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.
THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH, ACCIDENT, DISABILITY, VISION, DENTAL AND DEATH BENEFITS.
THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH, ACCIDENT, DISABILITY, VISION, DENTAL, AND DEATH BENEFITS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF...
THE EXEMPT PURPOSE OF THE FUND IS TO PROVIDE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH, ACCIDENT, DISABILITY, VISION, DENTAL, AND DEATH BENEFITS. THIS IS ESSENTIALLY THE ONLY PROGRAM SERVICE OF THE ORGANIZATION AND ALL OF THE REVENUES AND EXPENSES ARE CONSIDERED TO BE FOR THIS PURPOSE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,167,862 | $7,869,271 | +0.2% |
| Expenses | $9,206,313 | $7,833,020 | +0.2% |
| Net Income | $-38,451 | $36,251 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT CIANCAGLINI | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT GRANT | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN S CAVEY | CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN POTTER | UNION TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW TOMLINSON | EMPLOYER TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIO CAICEDO | UNION TRUSTEE | 1.00 |
Director
|
$0 | $46,206 | $147,217 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,167,862 | $9,206,313 | $14,720,448 | $-38,451 |
| 2024 | $7,869,271 | $7,833,020 | $14,236,529 | $36,251 |
| 2023 | $7,503,787 | $9,557,161 | $13,799,635 | $-2,053,374 |
| 2022 | $8,731,379 | $8,100,141 | $14,745,188 | $631,238 |
| 2021 | $7,842,049 | $8,790,288 | $15,356,757 | $-948,239 |
| 2020 | $7,317,202 | $7,963,122 | $15,060,630 | $-645,920 |
| 2019 | $5,938,229 | $7,229,806 | $15,660,381 | $-1,291,577 |
| 2018 | $12,040,007 | $6,253,815 | $16,823,196 | $5,786,192 |
Compare ASBESTOS WORKERS L 24 MEDICAL FUND with other nonprofits in Maryland and across the country.