BAKERS HEALTH AND WELFARE FUND LOC… - 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

Principal Officer

JOSEPH BIRINGER

Phone

8003380508

Tax Period

2022-12-01 to 2023-11-30

BAKERS HEALTH AND WELFARE FUND LOCAL 24 is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2022. Expenses of $12.8M left a modest 7% surplus.

Mission

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

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 850 ELIGIBLE PARTICIPANTS COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNION AND THE EMPLOYEES 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 $13,616,296

Investment Income $187,829

Other Revenue $0

TOTAL REVENUE $13,804,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $541,291

TOTAL EXPENSES $12,781,445

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,804,125	$13,234,826	+0.0%
Expenses	$12,781,445	$13,029,923	0.0%
Net Income	$1,022,680	$204,903	+4.0%

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

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
James R Ham	Chair	5.0	Officer Director	$0	$0	$0
Joe Biringer	CO-CHAIR	5.0	Officer Director	$0	$0	$0
Norm Andrews	TRUSTEE	5.0	Director	$0	$0	$0
John Ontiveros	Trustee	5.0	Director	$0	$0	$0
Felisa Castillo	TRUSTEE	5.0	Director	$0	$0	$0
Oscar Hernandez	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	$13,804,125	$12,781,445	$11,236,371	$1,022,680
2022	$13,234,826	$13,029,923	$10,149,450	$204,903
2021	$12,411,148	$13,518,791	$10,448,527	$-1,107,643
2020	$13,001,460	$12,476,324	$11,045,912	$525,136
2019	$12,901,129	$13,299,649	$10,338,216	$-398,520
2018	$13,576,212	$12,544,934	$10,660,101	$1,031,278

BAKERS HEALTH AND WELFARE FUND LOCAL 24