Masonry Welfare Trust

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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

1953

Legal Domicile

Phone

5032544022

Tax Period

2024-01-01 to 2024-12-31

Masonry Welfare Trust, founded in 1953, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

To provide health, life, disability, and vacation benefits for participants.

Program Service Accomplishments

Program 1

The Trust administered the Masonry Welfare Plan and thereby provided health, life, disability, and vacation benefits for 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,654,599

Investment Income $300,212

Other Revenue $326,065

TOTAL REVENUE $9,280,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $735,420

TOTAL EXPENSES $9,205,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,280,876	$9,930,869	-0.1%
Expenses	$9,205,756	$12,033,261	-0.2%
Net Income	$75,120	$-2,102,392	-1.0%

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
Matt Bromley	Trustee	1.00	Director	$0	$0	$0
Nathan Storey	Trustee	1.00	Director	$0	$0	$0
John Carlson	Trustee	1.00	Director	$0	$0	$0
Shawn Lenczowski	Trustee	1.00	Director	$0	$0	$0
Keith Wright	Trustee	1.00	Director	$0	$0	$0
Matt Eleazer	Trustee	1.00	Director	$0	$0	$0
Emily Eaton	Chairman	1.00	Officer	$0	$0	$0
Matteo Russo	Secretary	1.00	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	$9,280,876	$9,205,756	$6,584,752	$75,120
2023	$9,930,869	$12,033,261	$6,925,475	$-2,102,392
2022	$9,376,409	$10,070,822	$7,202,135	$-694,413
2021	$9,561,769	$10,073,512	$9,004,841	$-511,743
2020	$10,899,220	$10,593,785	$9,491,741	$305,435
2019	$11,169,081	$9,988,799	$8,872,608	$1,180,282
2018	$9,438,817	$8,628,228	$6,755,219	$810,589