Furniture & Industrial Carpenters Health Trust (EIN 942621654) - 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

1954

Legal Domicile

Principal Officer

FRANCIS VIGNOLES

Phone

4085883768

Tax Period

2024-06-01 to 2025-05-31

Furniture & Industrial Carpenters Health Trust, founded in 1954, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND THEIR DEPENDENTS.

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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 $3,999,242

Investment Income $31,262

Other Revenue $0

TOTAL REVENUE $4,030,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $173,121

TOTAL EXPENSES $4,233,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,030,504	$3,495,368	+0.2%
Expenses	$4,233,040	$3,542,641	+0.2%
Net Income	$-202,536	$-47,273	+3.3%

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
FRANCIS X VIGNOLES	CHAIR	1.0	Officer Director	$0	$0	$0
ARTURO RODRIGUEZ	CO-CHAIR	1.0	Officer Director	$0	$0	$0
GERARDO BLUM	TRUSTEE	1.0	Director	$0	$0	$0
MIKE DESIMONI JR	TRUSTEE	1.0	Director	$0	$0	$0
SEE SCH O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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
2025	$4,030,504	$4,233,040	$2,878,787	$-202,536
2024	$3,495,368	$3,542,641	$3,265,775	$-47,273
2023	$2,890,458	$3,178,884	$3,068,509	$-288,426
2022	$2,703,295	$2,490,097	$2,918,680	$213,198
2021	$2,897,688	$2,648,935	$2,911,817	$248,753
2020	$2,703,679	$2,559,976	$2,615,235	$143,703
2019	$2,958,894	$2,709,412	$2,439,210	$249,482
2018	$3,415,319	$3,077,269	$1,906,560	$338,050

Furniture & Industrial Carpenters Health Trust