WALGREEN CO AND LOCAL 648 WELFARE … - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

MICHAEL OETTINGER

Phone

9257467530

Tax Period

2023-01-01 to 2023-12-31

WALGREEN CO AND LOCAL 648 WELFARE TRUST, founded in 1989, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS COVERED UNDER COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THE EMPLOYER.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH CARE BENEFITS TO APPROXIMATELY 501 ELIGIBLE PARTICIPANTS COVERED UNDER COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THE EMPLOYER.

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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 $9,357,550

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,357,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $174,858

TOTAL EXPENSES $9,306,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,357,550	$9,811,992	0.0%
Expenses	$9,306,498	$9,708,530	0.0%
Net Income	$51,052	$103,462	-0.5%

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

$133,298

Total Directors

$296,717

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL OETTINGER	CHAIR	5.00	Officer Director	$0	$0	$0
MILTON HUM	SECRETARY	5.00	Officer Director	$0	$20,030	$133,298
DAN LARSON	TRUSTEE	5.00	Director	$0	$38,601	$163,419
CHRIS DYSINGER	TRUSTEE (THRU OCT 2023)	5.00	Director	$0	$0	$0
JENNIFER MUEHLING	TRUSTEE (AS OF OCT 2023)	5.00	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	$9,357,550	$9,306,498	$2,153,974	$51,052
2022	$9,811,992	$9,708,530	$2,049,255	$103,462
2021	$10,167,872	$10,207,692	$2,037,227	$-39,820
2020	$10,415,953	$10,584,171	$2,093,124	$-168,218
2019	$10,221,297	$10,295,643	$2,116,149	$-74,346
2018	$12,083,801	$12,339,030	$2,360,824	$-255,229

WALGREEN CO AND LOCAL 648 WELFARE TRUST