CONNECTICUT LABORERS' HEALTH FUND

EIN: 060681161

WEST HAVEN, CT

Total Revenue
$61,635,318
Total Expenses
$61,216,240
Total Assets
$75,675,888
Net Assets
$67,600,397
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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
1984
Legal Domicile
CT
Principal Officer
SUSAN HENDERSON
Phone
2039347991
Tax Period
2023-01-01 to 2023-12-31

CONNECTICUT LABORERS' HEALTH FUND, founded in 1984, is a mid-sized nonprofit that reported $61.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MEDICAL, LIFE AND RELATED BENEFITS TO INDIVIDUALS WORKING UNDER THE TERMS OF A COLLECTIVE BARGAINING AGREEMENT WITH THE LABORERS UNION IN CONNECTICUT

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $60,499,273
Investment Income $1,078,211
Other Revenue $57,834
TOTAL REVENUE $61,635,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,008,174
Fundraising Expenses $0
Other Expenses $2,304,945
TOTAL EXPENSES $61,216,240

Year-over-Year Comparison

2023 2022 Change
Revenue $61,635,318 $60,182,568 +0.0%
Expenses $61,216,240 $59,311,177 +0.0%
Net Income $419,078 $871,391 -0.5%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
18
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
2
$312,132
Total Directors
9
$413,709
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THADDEUS GRABOWSKI TRUSTEE 0.50
Director
$0 $5,800 $25,800
KEITH BROTHERS TRUSTEE 0.50
Director
$0 $121,513 $373,021
JOHN BRUNALLI TRUSTEE 0.50
Director
$0 $0 $0
VINCENT DECROSTA TRUSTEE (P) 0.50
Director
$0 $1,088 $7,979
SHAWN GASKA TRUSTEE 0.50
Director
$0 $1,218 $5,418
VINCENT GIORDANO III TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL ROY TRUSTEE 0.50
Director
$0 $0 $0
JOE BURNS TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPHER SNIPES TRUSTEE 0.50
Director
$0 $241 $1,491
DIANE KLOBUKOWSKI EXEC. DIR. ( P) 40.00
Officer
$24,771 $34,857 $98,651
SUSAN HENDERSON EXEC. DIR. 40.00
Officer
$103,920 $34,855 $213,481
LORI FREDETTE CLAIMS SUPERVISOR 40.00
Highest
$100,734 $34,855 $135,589
RICKY FREE COLLECTION SPECIALIST 40.00
Highest
$39,907 $34,855 $154,588
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 $61,635,318 $61,216,240 $75,675,888 $419,078
2022 $60,182,568 $59,311,177 $70,061,054 $871,391
2021 $56,665,173 $61,269,638 $80,160,453 $-4,604,465
2020 $54,983,783 $52,433,540 $81,385,051 $2,550,243
2019 $57,175,811 $57,124,566 $73,059,931 $51,245
2018 $56,311,726 $56,328,161 $66,554,956 $-16,435
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