CARPENTERS HEALTH AND WELFARE TRUST FUND FOR NORTHERN CALIFORNIA (EIN 941234856) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

WILLIAM FEYLING

Phone

5106330333

Tax Period

2023-09-01 to 2024-08-31

CARPENTERS HEALTH AND WELFARE TRUST FUND FOR NORTHERN CALIFORNIA, founded in 1953, is a major nonprofit that reported $479.7M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $556.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $500,000

Program Service Revenue $431,698,626

Investment Income $28,115,234

Other Revenue $19,396,271

TOTAL REVENUE $479,710,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $14,517,326

TOTAL EXPENSES $556,868,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,710,131	$551,016,000	-0.1%
Expenses	$556,868,484	$491,769,455	+0.1%
Net Income	$-77,158,353	$59,246,545	-2.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

1064

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

$460,751

Total Directors

$2,831,882

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY BRADSHAW	CO CHAIR	1.00	Officer Director	$0	$136,716	$460,751
RANDY JENCO	CO CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT ALTEN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY BRINKERHOFF	TRUSTEE	1.00	Director	$0	$0	$0
MIKE MENCARINI	TRUSTEE	1.00	Director	$0	$0	$0
JACOB ADIARTE	TRUSTEE	1.00	Director	$0	$107,891	$316,532
EDWARD GABLE	TRUSTEE (THRU MAR. '24)	1.00	Director	$0	$107,591	$313,368
DAN MCCULLOCH	TRUSTEE (AS OF JAN. '24)	1.00	Director	$0	$99,872	$277,755
DON DOLLY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL GREGG	TRUSTEE	1.00	Director	$0	$99,572	$273,098
KATHRYN CAHILL THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT SMITH	TRUSTEE	1.00	Director	$0	$0	$0
SEAN HEBARD	TRUSTEE	1.00	Director	$0	$107,591	$315,008
DANIEL NUNCIO	TRUSTEE	1.00	Director	$0	$106,537	$311,108
MARTIN ESPINOZA JR	TRUSTEE (AS OF MAR '24)	1.00	Director	$0	$99,572	$273,098
EDDY LUNA	TRUSTEE (THRU NOV. '23)	1.00	Director	$0	$102,971	$291,164

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	$479,710,131	$556,868,484	$738,397,869	$-77,158,353
2023	$551,016,000	$491,769,455	$763,097,424	$59,246,545
2022	$464,733,712	$484,982,100	$748,973,232	$-20,248,388
2021	$508,465,069	$488,705,892	$807,414,321	$19,759,177
2020	$502,446,090	$449,487,272	$756,851,740	$52,958,818
2019	$538,568,235	$522,692,539	$728,182,133	$15,875,696
2018	$517,848,922	$480,947,384	$664,262,908	$36,901,538

CARPENTERS HEALTH AND WELFARE TRUST FUND FOR NORTHERN CALIFORNIA