CMTA-GLASS MOLDERS POTTERY PLASTICS & ALLIED WORKERS (LOCAL 164B) WELFARE PLAN (EIN 946115375) - 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

1965

Legal Domicile

Principal Officer

THOMAS A DILLON

Phone

4082884400

Tax Period

2023-10-01 to 2024-09-30

CMTA-GLASS MOLDERS POTTERY PLASTICS & ALLIED WORKERS (LOCAL 164B) WELFARE PLAN, founded in 1965, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,496,562

Investment Income $275,412

Other Revenue $0

TOTAL REVENUE $1,771,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $244,115

TOTAL EXPENSES $2,314,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,771,974	$3,558,255	-0.5%
Expenses	$2,314,885	$3,679,244	-0.4%
Net Income	$-542,911	$-120,989	+3.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED RITELLI JR	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS DILLON	CHAIRMAN	1.0	Officer Director	$0	$0	$0
IGNACIO DE LA FUENTE	CO-CHAIR	1.0	Officer Director	$0	$0	$0
CARLOS COSTA JR	TRUSTEE	1.0	Director	$0	$0	$0
FERNANDO G GARCIA	TRUSTEE	1.0	Director	$0	$0	$0
MARK QUILICI	TRUSTEE	1.0	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	$1,771,974	$2,314,885	$6,247,360	$-542,911
2023	$3,558,255	$3,679,244	$6,652,786	$-120,989
2022	$3,890,745	$4,148,988	$7,090,190	$-258,243
2021	$3,847,363	$3,913,795	$7,212,654	$-66,432
2020	$3,826,432	$3,640,230	$7,234,575	$186,202
2019	$4,248,176	$3,871,041	$7,060,856	$377,135
2018	$5,488,920	$4,897,446	$6,711,562	$591,474

CMTA-GLASS MOLDERS POTTERY PLASTICS & ALLIED WORKERS (LOCAL 164B) WELFARE PLAN