UA LOCAL NO 159 HEALTH AND WELFARE… - 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

Formation Year

1993

Legal Domicile

Principal Officer

NICK GOODWIN

Phone

9258337300

Tax Period

2023-07-01 to 2024-06-30

UA LOCAL NO 159 HEALTH AND WELFARE TRUST FUND, founded in 1993, is a community nonprofit in the Mutual Benefit sector that reported $7.4M in total revenue in fiscal year 2023. Expenses of $7.2M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE ACTIVE AND RETIRED EMPLOYEES AND THEIR DEPENDENTS IN THIS MULTIEMPLOYER PLAN.

Program Service Accomplishments

Program 1

PROVIDED HEALTH AND WELFARE BENEFITS TO ELIGIBLE ACTIVE AND RETIRED EMPLOYEES 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,093,933

Investment Income $348,629

Other Revenue $0

TOTAL REVENUE $7,442,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $450,757

TOTAL EXPENSES $7,172,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,442,562	$7,420,734	+0.0%
Expenses	$7,172,508	$6,960,285	+0.0%
Net Income	$270,054	$460,449	-0.4%

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

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
Nick Goodwin	trustee - CHAIRMAN	1.0	Officer Director	$0	$0	$0
ALEX HALL	Trustee - CO-CHAIR	1.0	Officer Director	$0	$0	$0
ROBERT SEWELL	TRUSTEE	1.0	Director	$0	$0	$0
BILL CAWLEY III	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL LESCURE	TRUSTEE	1.0	Director	$0	$0	$0
JASON LESTER	TRUSTEE	1.0	Director	$0	$0	$0
SEE SCH O FOR COMPENSATION	INFORMATION	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
2025	No data	No data	No data	No data
2024	$7,442,562	$7,172,508	$11,366,891	$270,054
2023	$7,420,734	$6,960,285	$10,959,144	$460,449
2022	$7,099,937	$6,836,238	$10,473,868	$263,699
2021	$7,459,402	$6,912,427	$11,472,796	$546,975
2020	$7,683,738	$7,608,654	$10,504,259	$75,084
2019	$8,702,993	$8,078,318	$10,674,846	$624,675

UA LOCAL NO 159 HEALTH AND WELFARE TRUST FUND