NORTHERN CALIFORNIA TILE INDUSTRY HEALTH AND WELFARE PLAN (EIN 946173454) - 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

1966

Legal Domicile

Principal Officer

RICHARD ROMANSKI

Phone

9252089995

Tax Period

2023-01-01 to 2023-12-31

NORTHERN CALIFORNIA TILE INDUSTRY HEALTH AND WELFARE PLAN, founded in 1966, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $11.6M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE MEDICAL, DENTAL,VISION PRESCRIPTION DRUGS, LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR ACTIVE AND RETIREE MEMBERS AND THEIR DEPENDENTS.

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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 $8,937,264

Investment Income $124,143

Other Revenue $0

TOTAL REVENUE $9,061,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $701,558

TOTAL EXPENSES $11,633,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,061,407	$10,210,022	-0.1%
Expenses	$11,633,914	$10,936,423	+0.1%
Net Income	$-2,572,507	$-726,401	+2.5%

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
JORDAN O'BRIEN	TRUSTEE	5.0	Director	$0	$0	$0
TROY GARLAND	TRUSTEE	5.0	Director	$0	$0	$0
STEVE VOGEL	TRUSTEE	5.0	Director	$0	$0	$0
RICHARD HILL ESQ	TRUSTEE	5.0	Director	$0	$0	$0
RICH DELLA MAGGIORE	TRUSTEE	5.0	Director	$0	$0	$0
DAVID NEWMAN	TRUSTEE	5.0	Director	$0	$0	$0
RICHARD ROMANSKI	TRUSTEE	5.0	Director	$0	$0	$0
RYAN HAGAN	TRUSTEE	5.0	Director	$0	$0	$0
RYAN RUF	TRUSTEE	5.0	Director	$0	$0	$0
DAVID JACKSON	TRUSTEE	5.0	Director	$0	$0	$0
DAVE TAFOYA	TRUSTEE	5.0	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	$9,061,407	$11,633,914	$22,173,206	$-2,572,507
2022	$10,210,022	$10,936,423	$23,266,289	$-726,401
2021	$14,253,908	$12,707,848	$25,692,381	$1,546,060
2020	$13,238,244	$11,609,997	$23,785,335	$1,628,247
2019	$17,421,093	$11,906,926	$21,826,946	$5,514,167
2018	$15,472,337	$20,412,758	$17,181,323	$-4,940,421
2018	$15,546,792	$18,916,441	$18,007,305	$-3,369,649

NORTHERN CALIFORNIA TILE INDUSTRY HEALTH AND WELFARE PLAN