Labor & Oper Engineers Util H&W Trust Fund (EIN 860576428) - 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

1987

Legal Domicile

Principal Officer

Board of Trustees

Phone

6022493582

Tax Period

2024-01-01 to 2024-12-31

Labor & Oper Engineers Util H&W Trust Fund, founded in 1987, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $3.1M, a strong 56% operating margin.

Mission

MAJOR MEDICAL, VISION, DENTAL, AND GROUP LIFE INSURANCE BENEFITS FOR 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 $5,114,064

Investment Income $298,207

Other Revenue $0

TOTAL REVENUE $5,412,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $343,418

TOTAL EXPENSES $2,355,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,412,271	$5,787,465	-0.1%
Expenses	$2,355,610	$4,414,986	-0.5%
Net Income	$3,056,661	$1,372,479	+1.2%

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
Jim Garner	Trustee	1.00	Director	$0	$0	$0
Michael Dea	Chairman	1.00	Director	$0	$0	$0
Matt Godfrey	Trustee	1.00	Director	$0	$0	$0
MICHAEL LEE	Trustee	1.00	Director	$0	$0	$0
Cavin Donnell	Trustee	1.00	Director	$0	$0	$0
Camilla Madison-Wilson	Secretary	1.00	Director	$0	$0	$0
Theron Conner	Trustee	1.00	Director	$0	$0	$0
Ruben Gonzales	Trustee	1.00	Director	$0	$0	$0
David Garbarino	Trustee	1.00	Director	$0	$0	$0
Perry Hawkins	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	$5,412,271	$2,355,610	No data	$3,056,661
2023	$5,787,465	$4,414,986	$7,817,668	$1,372,479
2022	$6,282,253	$5,543,734	$6,816,068	$738,519
2021	$5,275,211	$5,836,022	$6,226,312	$-560,811
2020	$6,506,610	$5,728,195	$6,876,974	$778,415
2019	$8,359,739	$8,129,369	$7,217,227	$230,370

Labor & Oper Engineers Util H&W Trust Fund