Southwest Multicraft Health & Welfare Trust Fund (EIN 856010752) - 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

1960

Legal Domicile

Principal Officer

Edward Sim Jr

Phone

5052658422

Tax Period

2023-09-01 to 2024-08-31

Southwest Multicraft Health & Welfare Trust Fund, founded in 1960, is a mid-sized nonprofit that reported $39.3M in total revenue in fiscal year 2023. The organization ran a surplus of $13.1M, a strong 33% operating margin.

Mission

To provide accident, hospital, surgical, medical, death benefits and safety benefits

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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 $34,268,211

Investment Income $5,031,453

Other Revenue $0

TOTAL REVENUE $39,299,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,569,242

TOTAL EXPENSES $26,227,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,299,664	$36,936,516	+0.1%
Expenses	$26,227,594	$24,796,107	+0.1%
Net Income	$13,072,070	$12,140,409	+0.1%

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

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
Roman Feher	Trustee	2.00	Director	$0	$0	$0
Michael Dea	Trustee	2.00	Director	$0	$0	$0
Bob Warianka	Trustee	2.00	Director	$0	$0	$0
Charles Watson	Trustee	2.00	Director	$0	$0	$0
Richard Russom	Trustee	2.00	Director	$0	$0	$0
Steve Campbell	Trustee	2.00	Director	$0	$0	$0
Darrell Deaguerro	Trustee	2.00	Director	$0	$0	$0
Patrick Thomas	Trustee	2.00	Director	$0	$0	$0
Edward Sim Jr	Secretary	2.00	Officer	$0	$0	$0
Jose V Atencio JR	Chairman	2.00	Officer	$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	$39,299,664	$26,227,594	$143,543,196	$13,072,070
2023	$36,936,516	$24,796,107	$116,627,834	$12,140,409
2022	$14,464,763	$22,751,624	$97,020,451	$-8,286,861
2021	$46,203,032	$26,061,993	$105,384,476	$20,141,039
2020	$38,771,264	$28,555,675	$85,176,452	$10,215,589
2019	$27,366,164	$24,225,466	$73,450,926	$3,140,698
2018	$29,418,967	$20,376,750	$70,302,823	$9,042,217

Southwest Multicraft Health & Welfare Trust Fund