UGSOA Health and Welfare Fund (EIN 824038622) - 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

2017

Legal Domicile

Principal Officer

Jeff Miller

Phone

8643700711

Tax Period

2024-01-01 to 2024-12-31

UGSOA Health and Welfare Fund, founded in 2017, is a mid-sized nonprofit in the Mutual Benefit sector that reported $11.8M in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum.

Mission

The organization is a collectively bargained multiemployer benefit plan that provides health benefits to eligible participants and their dependents.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,281,578

Investment Income $0

Other Revenue $565,559

TOTAL REVENUE $11,847,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $645,047

TOTAL EXPENSES $12,236,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,847,137	$6,024,787	+1.0%
Expenses	$12,236,451	$5,416,558	+1.3%
Net Income	$-389,314	$608,229	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Miller	Chairman	1.00	Director	$0	$0	$0
Mike LeBlanc	Trustee	1.00	Director	$0	$0	$0
Matt Sipos	Trustee	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	$11,847,137	$12,236,451	$4,569,819	$-389,314
2023	No data	No data	No data	No data
2023	$5,497,507	$5,679,633	$3,296,110	$-182,126
2023	$11,163,764	$9,808,131	$3,710,383	$1,355,633
2022	$9,458,949	$9,810,022	$1,913,506	$-351,073
2022	$9,458,949	$8,895,153	$1,913,506	$563,796
2022	$13,860,478	$13,871,779	$1,824,042	$-11,301
2021	$9,541,491	$10,203,401	$1,885,924	$-661,910
2020	$8,610,529	$7,179,140	$3,505,616	$1,431,389
2019	$8,192,712	$8,329,452	$1,886,866	$-136,740

UGSOA Health and Welfare Fund