U A LOCAL 393 HEALTH & WELFARE TRUST (EIN 946401544) - 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

1952

Legal Domicile

Principal Officer

ERIC MUSSYNSKI

Phone

4085883770

Tax Period

2023-01-01 to 2023-12-31

U A LOCAL 393 HEALTH & WELFARE TRUST, founded in 1952, is a mid-sized nonprofit that reported $75.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $14.6M, a strong 19% operating margin.

Mission

TO PROVIDE ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS WITH HEALTH & WELFARE BENEFITS IN A 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 $65,820,408

Investment Income $9,666,207

Other Revenue $169,710

TOTAL REVENUE $75,656,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,871

Fundraising Expenses $0

Other Expenses $2,619,034

TOTAL EXPENSES $61,032,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,656,325	$69,622,779	+0.1%
Expenses	$61,032,945	$68,253,864	-0.1%
Net Income	$14,623,380	$1,368,915	+9.7%

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

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

$18,112

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE H NEEDHAM	PLAN DIRECTOR	40.0	Highest	$214,677	$83,801	$298,478
KARL BAUMHECKEL	TRUSTEE	5.0	Director	$8,011	$0	$8,011
GARY GLENN	TRUSTEE	5.0	Director	$5,340	$0	$5,340
GREGORY GONZALES	TRUSTEE	5.0	Director	$2,587	$0	$2,587
EDWARD NICHOLS	TRUSTEE	5.0	Director	$2,174	$0	$2,174
ALEX HALL	CO-CHAIR	5.0	Officer Director	$0	$0	$0
ERIC MUSSYNSKI	CO-CHAIR	5.0	Officer Director	$0	$0	$0
MICHAEL J VLAMING	TRUSTEE	5.0	Director	$0	$0	$0
JAMES LOWDER	TRUSTEE	5.0	Director	$0	$0	$0
GREG CONN	TRUSTEE	5.0	Director	$0	$0	$0
WAYD LAPEARLE	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	$75,656,325	$61,032,945	$201,520,609	$14,623,380
2022	$69,622,779	$68,253,864	$177,958,675	$1,368,915
2021	$72,961,531	$60,311,111	$194,792,933	$12,650,420
2020	$62,273,788	$62,339,171	$176,765,580	$-65,383
2019	$75,998,955	$67,016,958	$160,843,087	$8,981,997
2018	$66,189,251	$56,291,214	$135,689,132	$9,898,037

U A LOCAL 393 HEALTH & WELFARE TRUST