LOCAL 2315 RETIREE BENEFIT FUND (EIN 030436586) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

ADAM KONICK

Phone

9548811687

Tax Period

2024-06-01 to 2025-05-31

LOCAL 2315 RETIREE BENEFIT FUND, founded in 2000, is a small nonprofit in the Mutual Benefit sector that reported $593K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $207K, a strong 35% operating margin.

Mission

THE FUND PAYS OR PROVIDES FULL OR PARTIAL HEALTH INSURANCE PREMIUMS AND MEDICAL EXPENSE REIMBURSEMENTS AND RELATED BENEFITS TO ELIGIBLE PARTICIPANTS THROUGH POLICIES OF INSURANCE OF OTHER PROGRAMS AND FACILITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $472,696

Investment Income $120,188

Other Revenue $0

TOTAL REVENUE $592,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $45,364

TOTAL EXPENSES $385,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,884	$680,836	-0.1%
Expenses	$385,522	$510,528	-0.2%
Net Income	$207,362	$170,308	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ADAM KONICK	CHAIRMAN/PLAN ADMINISTRATOR	1.00	Officer Director	$0	$0	$0
ANTHONY FERNANDEZ	PRESIDENT/TRUSTEE	1.00	Officer Director	$0	$0	$0
CHRIS FLETCHER	TRUSTEE	0.00	Director	$0	$0	$0
CHRIS LOWE	TRUSTEE	0.00	Director	$0	$0	$0
ERIC RYNNING	TRUSTEE	0.00	Director	$0	$0	$0
GARY SPENCE	TRUSTEE	0.00	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	$592,884	$385,522	$5,305,436	$207,362
2024	$680,836	$510,528	$4,801,438	$170,308
2023	$616,222	$240,592	$4,086,092	$375,630
2022	$648,227	$388,633	$3,934,361	$259,594
2021	$550,527	$221,587	$4,182,124	$328,940
2020	$725,781	$508,915	$2,940,625	$216,866
2019	$432,174	$204,346	$2,701,324	$227,828

LOCAL 2315 RETIREE BENEFIT FUND