IFPTE LOCAL 195 WELFARE FUND

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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

2004

Legal Domicile

Principal Officer

DEBORAH SPENCER

Phone

7322470350

Tax Period

2023-07-01 to 2024-06-30

IFPTE LOCAL 195 WELFARE FUND, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $249K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $1.6M represent 77 months of operating reserves.

Mission

PROVIDE GROUP HEALTH AND LIFE INS

Program Service Accomplishments

Program 1

Expenses: $244,618 Revenue: $248,921

GROUP HEALTH AND LIFE INSURANCE BENEFITS PROVIDED TO PARTICIPANTS WHO ARE EMPLOYEES OF CONTRIBUTING EMPLOYER AND ARE UNION MEMBERS OF LOCAL 195. THE PLAN ALSO PROVIDES FOR POST RETIREMENT HEALTH...

GROUP HEALTH AND LIFE INSURANCE BENEFITS PROVIDED TO PARTICIPANTS WHO ARE EMPLOYEES OF CONTRIBUTING EMPLOYER AND ARE UNION MEMBERS OF LOCAL 195. THE PLAN ALSO PROVIDES FOR POST RETIREMENT HEALTH BENEFITS FOR THE MEMBERS AND SURVIVING SPOUSES. NINE PARTICIPANTS ARE COVERED AS OF JULY 2015 UNDER THIS FUND.

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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 $244,457

Investment Income $4,464

Other Revenue $0

TOTAL REVENUE $248,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,618

Other Expenses $1,664

TOTAL EXPENSES $246,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,921	$218,161	+0.1%
Expenses	$246,282	$222,941	+0.1%
Net Income	$2,639	$-4,780	-1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MELVIN DWYER	Vice President	Director	$0	$0	$0
LEONARD ROSS	Treasurer	Director	$0	$0	$0
STEVE PINTO	Trustee	Director	$0	$0	$0
LISA CICCONE	Trustee	Director	$0	$0	$0
DEBORAH SPENCER	President	Director	$0	$0	$0
DIANE MOORE	Secretary	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
2025	No data	No data	No data	No data
2024	$248,921	$246,282	$1,601,332	$2,639
2023	$218,161	$222,941	$1,596,782	$-4,780
2022	$223,056	$219,473	$1,604,714	$3,583
2021	$221,673	$220,421	$2,322,113	$1,252
2020	$230,432	$220,472	$1,813,504	$9,960
2019	$154,576	$157,932	$1,535,523	$-3,356
2018	$158,511	$172,395	$1,395,376	$-13,884