NORTHWEST CARPENTERS HEALTH AND SECURITY PLAN (EIN 916029049) - 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

Andrew Ledbetter

Phone

2064416514

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST CARPENTERS HEALTH AND SECURITY PLAN, founded in 1960, is a major nonprofit that reported $243.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $224.4M left a modest 8% surplus.

Mission

THE PLAN IS A MULTIEMPLOYER HEALTH AND WELFARE PLAN DESIGNED TO PROVIDE BENEFITS FOR ELIGIBLE PARTICIPANTS AND BENEFICIARIES AS SPECIFIED IN THE PLAN DOCUMENT.

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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 $227,874,508

Investment Income $15,382,064

Other Revenue $171,539

TOTAL REVENUE $243,428,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,737,967

Fundraising Expenses $0

Other Expenses $3,093,112

TOTAL EXPENSES $224,393,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,428,111	$270,060,974	-0.1%
Expenses	$224,393,912	$225,397,534	0.0%
Net Income	$19,034,199	$44,663,440	-0.6%

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
EMPLOYEE 01	ADMINISTRATOR	0.0	Highest	$0	$60,167	$344,033
EMPLOYEE 02	SENIOR EXECUTIVE ADMINISTRATOR	0.0	Highest	$0	$58,537	$331,537
EMPLOYEE 03	EMPLOYER SERVICES MANAGER	0.0	Highest	$0	$42,082	$205,381
EMPLOYEE 04	PARTICIPANT SERVICES MANAGER	0.0	Highest	$0	$41,566	$201,427
EMPLOYEE 09	INFORMATION SERVICES MANAGER	0.0	Highest	$0	$38,969	$181,516
FIDENCIO VELASCO	TRUSTEE	1.0	Director	$0	$0	$0
JESSE SCOTT-KANDOLL	TRUSTEE	1.0	Director	$0	$0	$0
MARK PORTIN	TRUSTEE	1.0	Director	$0	$0	$0
STEVE JONES	TRUSTEE	1.0	Director	$0	$0	$0
SCOTT SCHAEFER	TRUSTEE	1.0	Director	$0	$0	$0
JOHN NESSE	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW LEDBETTER	TRUSTEE	1.0	Director	$0	$0	$0
ERIC JONES	TRUSTEE	1.0	Director	$0	$0	$0
ALBERT MARTIN	TRUSTEE	1.0	Director	$0	$0	$0
Heath Hansen	TRUSTEE	1.0	Director	$0	$0	$0
Anthony Pea	TRUSTEE	1.0	Director	$0	$0	$0
Pedro Espinoza	TRUSTEE	1.0	Director	$0	$0	$0
Frank Hawk	TRUSTEE	1.0	Director	$0	$0	$0
Bob Timmons	TRUSTEE	1.0	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	No data	No data	No data	No data
2023	$243,428,111	$224,393,912	$422,916,664	$19,034,199
2022	$270,060,974	$225,397,534	$403,357,835	$44,663,440
2021	$219,883,529	$260,932,301	$419,009,389	$-41,048,772
2020	$136,717,494	$143,783,308	$272,437,351	$-7,065,814
2019	$165,632,564	$168,499,811	$278,848,484	$-2,867,247
2018	$159,896,815	$165,204,090	$268,294,420	$-5,307,275

NORTHWEST CARPENTERS HEALTH AND SECURITY PLAN