ROOFERS-UNION LOCAL NO 33 INSURANCE FUND (EIN 046148460) - 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

1951

Legal Domicile

Principal Officer

ANNA BROUSAIDES

Phone

7813411657

Tax Period

2023-01-01 to 2023-12-31

ROOFERS-UNION LOCAL NO 33 INSURANCE FUND, founded in 1951, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $11.7M left a modest 15% surplus.

Mission

PROVIDE MEDICAL, LIFE AND DISABILITY INSURANCE BENEFITS TO UNION MEMBERS AND THEIR FAMILIES

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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 $13,479,443

Investment Income $210,206

Other Revenue $0

TOTAL REVENUE $13,689,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,378,988

TOTAL EXPENSES $11,678,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,689,649	$12,175,845	+0.1%
Expenses	$11,678,282	$11,917,430	0.0%
Net Income	$2,011,367	$258,415	+6.8%

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

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
MARK BROUSSEAU	TRUSTEE	2.00	Director	$0	$0	$0
DAVID KLEIN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN MARCONE	TRUSTEE	2.00	Director	$0	$0	$0
PAUL BICKFORD	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS S GUNNING	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH FERRIS JR	TRUSTEE	2.00	Director	$0	$0	$0
ANNA BROUSAIDES	ADMINISTRATOR	40.00	Highest	$0	$61,256	$189,469

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	$13,689,649	$11,678,282	$10,265,345	$2,011,367
2022	$12,175,845	$11,917,430	$9,580,597	$258,415
2021	$11,225,012	$12,795,640	$10,104,587	$-1,570,628
2020	$9,946,601	$10,747,951	$11,337,585	$-801,350
2019	$12,392,818	$12,318,347	$11,795,055	$74,471

ROOFERS-UNION LOCAL NO 33 INSURANCE FUND