LOCAL 191 HEALTH SERVICE AND INSURANCE PLAN (EIN 060689974) - 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

1954

Legal Domicile

Principal Officer

ROBERT DIGIROLAMO

Phone

2033665849

Tax Period

2022-07-01 to 2023-06-30

LOCAL 191 HEALTH SERVICE AND INSURANCE PLAN, founded in 1954, is a mid-sized nonprofit that reported $40.1M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $36.4M left a modest 9% surplus.

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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,254,122

Investment Income $1,706,691

Other Revenue $124,594

TOTAL REVENUE $40,085,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $594,633

Fundraising Expenses $0

Other Expenses $2,035,984

TOTAL EXPENSES $36,355,747

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,085,407	$33,010,107	+0.2%
Expenses	$36,355,747	$23,680,833	+0.5%
Net Income	$3,729,660	$9,329,274	-0.6%

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

$218,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED ROONEY	UNION TRUSTEE	4.00	Director	$8,400	$0	$8,400
FORREST HARVEY	EMPLOYER TRUSTEE	2.00	Director	$9,100	$0	$9,100
ROBERT DIGIROLAMO	UNION TRUSTEE	4.00	Director	$0	$61,045	$201,075
GEORGE WIESENDANGER	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	No data	No data	No data	No data
2023	$40,085,407	$36,355,747	$147,391,469	$3,729,660
2022	$33,010,107	$23,680,833	$103,408,150	$9,329,274
2021	$33,733,363	$23,717,877	$108,559,621	$10,015,486
2020	$26,765,242	$22,576,198	$84,870,900	$4,189,044
2019	$27,649,335	$23,454,284	$80,801,420	$4,195,051
2018	$26,511,033	$20,126,798	$75,048,932	$6,384,235

LOCAL 191 HEALTH SERVICE AND INSURANCE PLAN