MASONS' HEALTH AND WELFARE TRUST F… - 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

1967

Legal Domicile

Principal Officer

PETER IRIARTE MICHAEL M

Phone

8085230199

Tax Period

2024-03-01 to 2025-02-28

MASONS' HEALTH AND WELFARE TRUST FUND, founded in 1967, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2024. Expenses of $14.4M left a modest 6% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE INDIVIDUALS AS DETERMINED BY GOVERNING DOCUMENTS.

Program Service Accomplishments

Program 1

TO PROVIDE MEDICAL AND DRUG BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program 2

TO PROVIDE DENTAL AND VISION BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program 3

TO PROVIDE LOSS OF INCOME AND LIFE INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,998,554

Investment Income $440,210

Other Revenue $0

TOTAL REVENUE $15,438,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,229,975

TOTAL EXPENSES $14,444,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,438,764	$15,123,111	+0.0%
Expenses	$14,444,718	$15,324,627	-0.1%
Net Income	$994,046	$-201,516	-5.9%

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

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
PETER T IRIARTE	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY ORNELLAS	LABOR TRUSTEE	1.00	Director	$0	$0	$0
MAXCIMO MANIPON	LABOR TRUSTEE	1.00	Director	$0	$0	$0
PETER J IRIARTE	LABOR TRUSTEE	1.00	Director	$0	$0	$0
PATRICK CORONAS	LABOR TRUSTEE	1.00	Director	$0	$0	$0
CLAUDE MATSUMOTO	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MAZZONE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL INOUYE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MCFARLANE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM GILES	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS PASCUAL	MANAGEMENT TRUSTEE (ALT)	1.00	Director	$0	$0	$0
IKAIKA CASTILLO	LABOR TRUSTEE (ALT)	1.00	Director	$0	$0	$0
OCEAN KIM	MANAGEMENT TRUSTEE (ALT)	1.00	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	$15,438,764	$14,444,718	$14,982,323	$994,046
2024	$15,123,111	$15,324,627	$13,589,865	$-201,516
2024	$15,368,563	$15,008,421	$13,959,219	$360,142
2023	$15,679,432	$15,912,757	$13,206,387	$-233,325
2022	$15,688,399	$16,473,700	$14,209,235	$-785,301
2021	$15,419,632	$15,735,162	$15,329,287	$-315,530
2020	$15,542,900	$15,036,438	$15,442,961	$506,462
2019	$14,689,877	$19,732,819	$14,599,545	$-5,042,942
2018	$14,570,471	$21,267,381	$19,594,726	$-6,696,910

MASONS' HEALTH AND WELFARE TRUST FUND