MFOW WELFARE FUND (EIN 941254186) - 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

1951

Legal Domicile

Principal Officer

ANTHONY G POPLAWSKI

Phone

4153624592

Tax Period

2024-02-01 to 2025-01-31

MFOW WELFARE FUND, founded in 1951, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.9M left a modest 12% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED 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 $6,084,295

Investment Income $567,435

Other Revenue $44,854

TOTAL REVENUE $6,696,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,289

Fundraising Expenses $0

Other Expenses $342,050

TOTAL EXPENSES $5,920,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,696,584	$6,099,956	+0.1%
Expenses	$5,920,111	$5,910,383	+0.0%
Net Income	$776,473	$189,573	+3.1%

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

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
Anthony G Poplawski	President/Secretary-Treasurer	0.4	Officer Director	$0	$0	$0
Danny Defanti	Trustee	0.4	Director	$0	$0	$0
Robert Bacca	Vice President	0.4	Officer Director	$0	$0	$0
Michael Labonte	Trustee	0.4	Director	$0	$0	$0
Thomas E Percival	Alternate Trustee	0.4	Director	$0	$0	$0
Joe Curtis	Alternate Trustee	0.4	Director	$0	$0	$0
Deyne Umphress	Vice President (Former)	0.4	Officer 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
2025	$6,696,584	$5,920,111	$14,645,478	$776,473
2024	$6,099,956	$5,910,383	$14,010,643	$189,573
2023	$5,591,944	$6,086,353	$13,846,808	$-494,409
2022	$5,796,696	$5,915,319	$14,543,006	$-118,623
2021	$5,458,186	$4,920,548	$14,689,639	$537,638
2020	$5,760,559	$6,274,621	$14,400,197	$-514,062
2019	$5,488,305	$5,210,103	$14,193,967	$278,202

MFOW WELFARE FUND