SAN MATEO HOTEL EMPLOYEES AND RESTAURANT EMPLOYEES WELFARE FUND (EIN 946081299) - 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

JAMES BEARD

Phone

4082884420

Tax Period

2023-01-01 to 2023-12-31

SAN MATEO HOTEL EMPLOYEES AND RESTAURANT EMPLOYEES WELFARE FUND, founded in 1954, is a mid-sized nonprofit that reported $41.8M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

PROVIDING HEALTH BENEFITS TO ELIGIBLE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,160,005

Investment Income $323,109

Other Revenue $1,287,303

TOTAL REVENUE $41,770,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,617,100

Other Expenses $1,204,072

TOTAL EXPENSES $40,821,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,770,417	$30,738,566	+0.4%
Expenses	$40,821,172	$29,900,165	+0.4%
Net Income	$949,245	$838,401	+0.1%

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

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

$4,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI CHIESA	TRUSTEE	5.00	Director	$0	$0	$0
MIKE CASEY	TRUSTEE	5.00	Director	$0	$0	$0
JAMES BEARD	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD ROMANSKI	TRUSTEE	5.00	Director	$4,800	$0	$4,800

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	$41,770,417	$40,821,172	$26,226,211	$949,245
2022	$30,738,566	$29,900,165	$21,151,623	$838,401
2021	$16,656,805	$19,640,097	$18,338,515	$-2,983,292
2020	$14,898,796	$29,841,786	$21,809,982	$-14,942,990
2019	$31,987,628	$30,183,045	$38,616,303	$1,804,583
2018	$27,566,960	$26,052,192	$33,417,742	$1,514,768

SAN MATEO HOTEL EMPLOYEES AND RESTAURANT EMPLOYEES WELFARE FUND