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

EIN: 946115375

SAN JOSE, CA

Total Revenue
$1,771,974
Total Expenses
$2,314,885
Total Assets
$6,247,360
Net Assets
$5,918,698
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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
CA
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 TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS IN THIS MULTIEMPLOYER PLAN.

Program Service Accomplishments

Program 1

THE PLAN PROVIDED MEDICAL, DENTAL, LIFE INSURANCE, AND SUBSTANCE ABUSE REHABILITATION BENEFITS FOR ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS 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%)

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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

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Governance

Voting Members
6
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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