Civic Intelligence

Insulators Local No #2 Welfare Fund

EIN 25-6030310 • 501(c)9 • Pittsburgh, PA

Profile

To provide health & welfare benefits

5 Hot Metal StreetPittsburgh, PA 15203

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.01x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Net Margin

11th percentile

-13%

Higher net margin than 11% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

2.7%

Faster asset growth than 34% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

9th percentile

-16%

Faster revenue growth than 9% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$37,618,631

Up $192,792 (+0.5%) from 2023

Liabilities

Up

$72,793

Up $18,067 (+33%) from 2023

Net Assets

Up

$37,545,838

Up $174,725 (+0.5%) from 2023

Revenue

Down

$11,598,160

Down $562,134 (-4.6%) from 2023

Expenses

Up

$13,125,666

Up $627,615 (+5.0%) from 2023

Net Income

Down

-$1,527,506

Down $1,189,749 (-352%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2017: $17,896,385Liabilities 2017: $200,037Net Assets 2017: $17,696,3482017Assets 2018: $17,918,271Liabilities 2018: $530,820Net Assets 2018: $17,387,4512018Assets 2019: $21,790,317Liabilities 2019: $594,750Net Assets 2019: $21,195,5672019Assets 2020: $23,683,295Liabilities 2020: $983,234Net Assets 2020: $22,700,0612020Assets 2021: $34,995,845Liabilities 2021: $3,219,541Net Assets 2021: $31,776,3042021Assets 2022: $35,666,325Liabilities 2022: $237,492Net Assets 2022: $35,428,8332022Assets 2023: $37,425,839Liabilities 2023: $54,726Net Assets 2023: $37,371,1132023Assets 2024: $37,618,631Liabilities 2024: $72,793Net Assets 2024: $37,545,8382024

Highlighted filing

2024

Assets$37,618,631
Liabilities$72,793
Net Assets$37,545,838

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2017: $9,555,978Expenses 2017: $11,548,201Net Income 2017: -$1,992,2232017Revenue 2018: $11,485,549Expenses 2018: $11,053,727Net Income 2018: $431,8222018Revenue 2019: $12,166,221Expenses 2019: $10,312,957Net Income 2019: $1,853,2642019Revenue 2020: $10,936,779Expenses 2020: $11,294,792Net Income 2020: -$358,0132020Revenue 2021: $16,860,239Expenses 2021: $9,658,269Net Income 2021: $7,201,9702021Revenue 2022: $16,607,776Expenses 2022: $10,238,239Net Income 2022: $6,369,5372022Revenue 2023: $12,160,294Expenses 2023: $12,498,051Net Income 2023: -$337,7572023Revenue 2024: $11,598,160Expenses 2024: $13,125,666Net Income 2024: -$1,527,5062024

Highlighted filing

2024

Revenue$11,598,160
Expenses$13,125,666
Net Income-$1,527,506

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 20, 2025
Return Version
2024v5.2
Gross Receipts
$24,458,153
Mission and Program Overview

Mission

To provide health & welfare benefits

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$37,371,113$37,545,838▲ $174,725
Investments in Publicly Traded Securities$19,577,845$19,621,518▲ $43,673
Investments Other Securities$10,879,310$11,704,437▲ $825,127
Savings and Temporary Cash Investments$3,785,630$3,979,233▲ $193,603
Accounts Receivable$2,225,979$1,663,000▼ $562,979
Cash and Non-Interest-Bearing Accounts$732,578$460,271▼ $272,307
Total Assets$37,425,839$37,618,631▲ $192,792
Other Assets Total$224,497$190,172▼ $34,325
Liabilities
Accounts Payable and Accrued Expenses$40,270$59,907▲ $19,637
Other Liabilities$14,456$12,886▼ $1,570
Total Liabilities$54,726$72,793▲ $18,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,371,113$37,545,838▲ $174,725
Total Liabilities and Net Assets / Fund Balance$37,425,839$37,618,631▲ $192,792

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$50,000--
Other Securities$11,704,437--
Compensation and Service Providers

Board Members and Trustees

NameTitle
James Burnham JrTrustee / Co-chairman
James CassidyTrustee / Co-chairman
Brad SchaferTrustee
John StewartTrustee
Keith ConnollyTrustee
Michael LangsdorfTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,573,832
Investment Income
$1,024,328
Other Revenue
$0
Change in Net Assets
$-1,527,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,080,617
Revenue Not Reported on Financial Statements
$517,543
Revenue Not Reported on Form 990
$1,702,231
Other Revenue Adjustments
$374,566
Total Revenue per Audited Statements
$12,782,848
Total Revenue per Form 990
$11,598,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$465,930
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$0--$12,659,736
Fees for Service Investment Mgmnt Fees$0$0$0$142,977
Fees for Services Accounting$0$0$0$33,575
Conferences and Meetings$0$0$0$26,081
Fees for Services Legal$0$0$0$24,099
Insurance$0$0$0$18,561
Office Expenses$0$0$0$16,111
All Other Expenses$0$0$0$15,913
Other Expenses$0$0$0$1,398
Total Functional Expenses$0$0$0$13,125,666

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,125,666
Expenses per Audited Statements$12,608,123
Total Expenses per Audited Statements$12,608,123
Expenses Not Reported on Financial Statements$517,543
Other Expense Adjustments$374,566
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Contributions Received in Advance$12,886
Due to Annuity Fund$0
Due to Pension Fund$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Insulators Local No #2 Welfare Fund
EIN
25-6030310
Phone
4124321143
Address
5 Hot Metal Street, Pittsburgh, PA 15203

Signing Officer

Name
John W Stewart
Title
Trustee
Phone
4124321143
Signed
2025-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Cassidy
Formed
1961
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
23
Volunteers
0

Preparer

Firm
Diclaudio & Kramer LLC
Address
5000 WATERDAM PLAZA DR STE 220, MCMURRAY, PA 15317
Preparer
Jonathan W Byerly
Phone
4122207722
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Reviewed by principal officer and signing trustee.

Pt VI, Line 19

Form 990 is available upon request.

Pt XII, Line 2C

Board of trustees selects and has oversight over auditor.

Financial Statement Notes

Pt XI, Line 4B

401h Benefits ~ Shown as Net Activity on Audited Financials

Pt XII, Line 4B

401h Benefits ~ Shown as Net Activity on Audited Financials

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0401h Benefits ~ Shown as Net Activity on Audited Financials
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1401h Benefits ~ Shown as Net Activity on Audited Financials
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
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IRS990ScheduleD/TotalLiabilityAmt012886
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by principal officer and signing trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board of trustees selects and has oversight over auditor.
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