NORTHERN NEVADA LABORERS HEALTH AND WELFARE TRUST FUND (EIN 886031748) - 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

1958

Legal Domicile

Principal Officer

CRAIG MADOLE

Phone

7758267200

Tax Period

2023-09-01 to 2024-08-31

NORTHERN NEVADA LABORERS HEALTH AND WELFARE TRUST FUND, founded in 1958, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $13.0M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS FOR THE PLAN'S ELIGIBLE PARTICIPANTS.

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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 $11,931,360

Investment Income $1,281,852

Other Revenue $395,974

TOTAL REVENUE $13,609,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,033,546

TOTAL EXPENSES $13,045,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,609,186	$12,364,857	+0.1%
Expenses	$13,045,379	$10,737,731	+0.2%
Net Income	$563,807	$1,627,126	-0.7%

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

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

$131,064

Total Directors

$233,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELOY JARA	CHAIRMAN	1.00	Officer Director	$0	$0	$131,064
CRAIG MADOLE	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD DALY	TRUSTEE	1.00	Director	$0	$0	$0
MIKE KINNEY	TRUSTEE	1.00	Director	$0	$0	$102,342
CRAIG HOLT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID BACKMAN	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	$13,609,186	$13,045,379	$21,707,214	$563,807
2023	$12,364,857	$10,737,731	$20,127,292	$1,627,126
2022	$11,607,307	$10,261,233	$18,055,634	$1,346,074
2021	$11,802,545	$9,171,603	$18,336,865	$2,630,942
2020	$9,429,028	$8,533,523	$14,721,379	$895,505
2019	$8,826,072	$8,928,465	$13,239,233	$-102,393
2018	$9,151,635	$7,861,835	$13,457,287	$1,289,800

NORTHERN NEVADA LABORERS HEALTH AND WELFARE TRUST FUND