LOCAL 671A HEALTH SERVICE AND INSURANCE PLAN (EIN 060683663) - 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

1958

Legal Domicile

Principal Officer

ANTHONY LEPORE

Phone

8602430671

Tax Period

2023-07-01 to 2024-06-30

LOCAL 671A HEALTH SERVICE AND INSURANCE PLAN, founded in 1958, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 18% operating margin.

Mission

SELF-INSURED HEALTH BENEFIT 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 $9,095,062

Investment Income $2,746,563

Other Revenue $0

TOTAL REVENUE $11,841,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,757

Fundraising Expenses $0

Other Expenses $561,515

TOTAL EXPENSES $9,739,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,841,625	$8,493,181	+0.4%
Expenses	$9,739,735	$10,476,863	-0.1%
Net Income	$2,101,890	$-1,983,682	-2.1%

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

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

$456,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY LEPORE	UNION TRUSTEE	4.00	Director	$0	$53,882	$236,879
SCOTT BLAIS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ARTHUR BELL	UNION TRUSTEE	4.00	Director	$0	$53,553	$219,801
JOE SAMOLIS	(FORMER)EMPLOYER TRUSTEE	2.00	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	No data	No data	No data	No data
2024	$11,841,625	$9,739,735	$44,215,536	$2,101,890
2023	$8,493,181	$10,476,863	$40,944,200	$-1,983,682
2022	$7,950,998	$7,722,498	$25,205,271	$228,500
2021	$6,219,894	$7,220,293	$29,692,534	$-1,000,399
2020	$6,639,051	$6,102,659	$24,921,230	$536,392
2019	$6,064,587	$7,386,536	$24,238,103	$-1,321,949
2018	$7,170,992	$6,272,705	$24,906,961	$898,287

LOCAL 671A HEALTH SERVICE AND INSURANCE PLAN