ILA LOCAL 861 - EMPLOYER HEALTH & … - 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

1998

Legal Domicile

Principal Officer

Chad Fox

Phone

2077720113

Tax Period

2023-01-01 to 2023-12-31

ILA LOCAL 861 - EMPLOYER HEALTH & WELFARE BENEFIT TRUST, founded in 1998, is a small nonprofit in the Mutual Benefit sector that reported $388K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $335K left a modest 14% surplus.

Mission

PROVIDE HEALTH AND LIFE INSURANCE BENEFITS FOR PARTICIPANTS OF THE ASSOCIATED HEALTH AND WELFARE PLAN

Program Service Accomplishments

Program 1

Expenses: $334,827

PROVIDE HEALTH AND LIFE INSURANCE BENEFITS FOR PARTICIPANTS OF THE ASSOCIATED HEALTH AND WELFARE 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 $388,320

Investment Income $0

Other Revenue $0

TOTAL REVENUE $388,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,827

Other Expenses $28,088

TOTAL EXPENSES $334,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,320	$324,382	+0.2%
Expenses	$334,827	$266,166	+0.3%
Net Income	$53,493	$58,216	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Elliott	PLAN SPONSOR REP & TRUSTEE	0.50	Director	$0	$0	$0
Robert Connolly	UNION TRUSTEE	0.50	Director	$0	$0	$0
Gylfi Sigfusson	PLAN SPONSOR REP & TRUSTEE	0.50	Director	$0	$0	$0
John Hicks	UNION TRUSTEE	0.50	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	$388,320	$334,827	$166,977	$53,493
2022	$324,382	$266,166	$113,484	$58,216
2021	$277,416	$255,088	$55,268	$22,328
2020	$197,530	$350,042	$32,940	$-152,512

ILA LOCAL 861 - EMPLOYER HEALTH & WELFARE BENEFIT TRUST