Roofers Union Local 221 Health and Welfare Plan (EIN 996006907) - 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

Vaughn Chong

Phone

8088417575

Tax Period

2024-07-01 to 2025-06-30

Roofers Union Local 221 Health and Welfare Plan, founded in 1965, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 9% surplus.

Mission

The purpose of the plan is to provide health and welfare benefits to employees covered by the collective bargaining agreement.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,090,247

Investment Income $298,808

Other Revenue $0

TOTAL REVENUE $3,389,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $260,710

TOTAL EXPENSES $3,081,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,389,055	$3,279,338	+0.0%
Expenses	$3,081,691	$3,051,584	+0.0%
Net Income	$307,364	$227,754	+0.3%

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

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

$143,913

Total Directors

$143,913

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Ai	Trustee/Co-Chairman	1.00	Officer Director	$0	$0	$0
Vaughn Chong	Trustee/Co-Chairman	1.00	Officer Director	$0	$0	$0
Enrique Subiono	Trustee/Secretary	0.10	Officer Director	$0	$39,337	$143,913
Tim Lyons	Trustee	0.10	Director	$0	$0	$0
Fred Kaohe Jr	Alternate Trustee	0.10	Director	$0	$0	$0
Hina Chow	Trustee	0.10	Director	$0	$0	$0
Jason Clark	Alternate Trustee	0.10	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	$3,389,055	$3,081,691	$6,422,095	$307,364
2024	$3,279,338	$3,051,584	$5,952,736	$227,754
2023	$2,596,892	$2,664,483	$5,470,981	$-67,591
2022	$2,662,558	$2,559,336	$4,967,265	$103,222
2021	$2,109,061	$2,780,686	$5,819,307	$-671,625
2020	$2,336,301	$2,851,661	$6,073,964	$-515,360
2019	$2,122,917	$2,924,437	$6,744,194	$-801,520
2018	$2,166,991	$2,394,180	$7,161,392	$-227,189

Roofers Union Local 221 Health and Welfare Plan