BELLWOOD, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $6.6M in total revenue in fiscal year 2024. Expenses of $8.2M exceeded revenue, resulting in a 25% operating deficit.
PROVIDE HEALTH BENEFITS
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 | $6,570,617 | $6,487,890 | +0.0% |
| Expenses | $8,183,367 | $7,289,652 | +0.1% |
| Net Income | $-1,612,750 | $-801,762 | +1.0% |
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 |
|---|---|---|---|---|---|---|
| KEVIN FARLEY | TRUSTEE | 2.00 |
Director
|
$0 | $149,157 | $353,858 |
| LAWRENCE PICARDI SR | TRUSTEE - PAST | 2.00 |
Director
|
$0 | $141,846 | $367,921 |
| LAWRENCE PICARDI JR | TRUSTEE - NEW | 2.00 |
Director
|
$0 | $114,451 | $283,853 |
| ANTONIO ACEVEDO | TRUSTEE | 1.00 |
Director
|
$0 | $83,737 | $242,822 |
| JAY LASALA | TRUSTEE | 1.00 |
Director
|
$0 | $41,345 | $85,771 |
| ANTHONY A FARRELL | TRUSTEE | 1.00 |
Director
|
$0 | $4,640 | $13,287 |
| SANDRA HUNT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $7,275 |
| JOHN HALLBERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN BARRY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE DYNOWSKI | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE BAUMGARTNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT KUTROVATZ | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SALVATORE CERAMI | TRUSTEE - NEW | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL KOLBERG | TRUSTEE - PAST | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM BEEMAN | ADMINISTRATOR - PAST | 6.23 |
Officer
|
$0 | $91,897 | $256,190 |
| ANGELO FEOLA | ADMINISTRATOR - NEW | 8.80 |
Officer
|
$0 | $83,737 | $239,218 |
| COLLEEN LAKIS | CONTROLLER | 4.00 |
Highest
|
$0 | $67,417 | $183,127 |
| CHARLES PICARDI | ASSISTANT ADMINISTRATOR | 4.00 |
Highest
|
$0 | $75,577 | $220,862 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,570,617 | $8,183,367 | $18,314,790 | $-1,612,750 |
| 2023 | $6,487,890 | $7,289,652 | $18,675,693 | $-801,762 |
| 2022 | $5,802,559 | $6,166,042 | $18,185,085 | $-363,483 |
| 2021 | $5,326,431 | $3,829,162 | $20,956,264 | $1,497,269 |
| 2020 | $5,082,182 | $4,840,328 | $17,834,224 | $241,854 |
| 2019 | $5,373,666 | $4,612,655 | $16,256,307 | $761,011 |
| 2018 | $5,097,689 | $3,886,177 | $14,335,672 | $1,211,512 |
Compare CEMENT MASONS LOCAL NO 502 RETIREE WELFARE FUND with other nonprofits in Illinois and across the country.