UA LOCAL NO 355 HEALTH AND WELFARE TRUST FUND (EIN 943254224) - 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

1993

Legal Domicile

Principal Officer

SCOTT STRAWBRIDGE

Phone

4155467800

Tax Period

2022-07-01 to 2023-06-30

UA LOCAL NO 355 HEALTH AND WELFARE TRUST FUND, founded in 1993, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $2.1M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN THIS MULTIEMPLOYER PLAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,344,785

Investment Income $111,627

Other Revenue $0

TOTAL REVENUE $2,456,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $493,904

TOTAL EXPENSES $2,148,136

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,456,412	$3,083,244	-0.2%
Expenses	$2,148,136	$2,375,201	-0.1%
Net Income	$308,276	$708,043	-0.6%

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
SCOTT STRAWBRIDGE	trustee	0.2	Director	$0	$0	$0
FELIPE HERNANDEZ	TRUSTEE	0.2	Director	$0	$0	$0
MIKE SILVERIA	TRUSTEE	0.2	Director	$0	$0	$0
SEE SCHEDULE 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,456,412	$2,148,136	$9,538,453	$308,276
2022	$3,083,244	$2,375,201	$9,118,064	$708,043
2021	$3,719,269	$2,552,968	$9,501,059	$1,166,301
2020	$3,762,786	$2,698,968	$8,269,839	$1,063,818
2019	$3,966,810	$3,129,609	$7,591,389	$837,201
2018	$4,427,444	$2,727,274	$6,640,295	$1,700,170

UA LOCAL NO 355 HEALTH AND WELFARE TRUST FUND