APARTMENT EMPLOYEES' WELFARE FUND

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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

MARK SHARWOOD

Phone

8444110785

Tax Period

2023-01-01 to 2023-12-31

APARTMENT EMPLOYEES' WELFARE FUND, founded in 1951, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $8.3M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH CARE BENEFITS TO ELIGIBLE COLLECTIVELY BARGAINED PARTICIPANTS.

Program Service Accomplishments

Program 1

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

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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 $8,774,073

Investment Income $44,532

Other Revenue $14,638

TOTAL REVENUE $8,833,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $225,558

TOTAL EXPENSES $8,327,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,833,243	$7,454,953	+0.2%
Expenses	$8,327,002	$7,562,971	+0.1%
Net Income	$506,241	$-108,018	-5.7%

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
Mark Sharwood	Chairman	5.0	Officer Director	$0	$0	$0
PATRICK KENNEDY	Co-Chairman/SECRETARY	5.0	Officer Director	$0	$0	$0
Eugenia Gutierrez	TRUSTEE - ALTERNATE	5.0	Director	$0	$0	$0
Margo Karstadt	TRUSTEE - ALTERNATE	5.0	Director	$0	$0	$0
Emmanuel Eric	TRUSTEE	5.0	Director	$0	$0	$0
Michael Seder	Trustee	5.0	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
2024	No data	No data	No data	No data
2023	$8,833,243	$8,327,002	$6,037,792	$506,241
2022	$7,454,953	$7,562,971	$5,165,874	$-108,018
2021	$6,534,681	$6,398,161	$5,477,744	$136,520
2020	$6,878,138	$7,363,793	$5,275,608	$-485,655
2019	$8,464,223	$7,679,555	$5,958,954	$784,668
2018	$6,929,691	$6,814,761	$4,895,654	$114,930