IBT LOCAL 145 HEALTH SERVICES INSURANCE PLAN (EIN 060711441) - 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

1955

Legal Domicile

Principal Officer

RENEE BOSSONE

Phone

2033756088

Tax Period

2024-07-01 to 2025-06-30

IBT LOCAL 145 HEALTH SERVICES INSURANCE PLAN, founded in 1955, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $6.1M left a modest 10% surplus.

Mission

HEALTH AND WELFARE BENEFITS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,491,361

Investment Income $1,286,686

Other Revenue $4,046

TOTAL REVENUE $6,782,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,503

Fundraising Expenses $0

Other Expenses $1,095,353

TOTAL EXPENSES $6,086,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,782,093	$6,132,929	+0.1%
Expenses	$6,086,914	$5,786,984	+0.1%
Net Income	$695,179	$345,945	+1.0%

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
ITALO BONACCI	TRUSTEE	10.00	Director	$0	$0	$0
KATE NERE	TRUSTEE	10.00	Director	$0	$0	$0
SHEILA NEVINS	TRUSTEE	10.00	Director	$0	$0	$0
ROBERT DIGIROLAMO	TRUSTEE	10.00	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	$6,782,093	$6,086,914	$16,617,281	$695,179
2024	$6,132,929	$5,786,984	$16,148,913	$345,945
2023	$5,473,348	$6,078,390	$15,157,536	$-605,042
2022	$7,345,259	$6,229,718	$14,713,673	$1,115,541
2021	$6,291,803	$6,403,515	$16,086,559	$-111,712
2020	$6,730,639	$5,800,121	$15,034,791	$930,518
2019	$7,013,458	$6,243,523	$13,660,116	$769,935
2018	$6,747,764	$5,662,782	$12,544,596	$1,084,982

IBT LOCAL 145 HEALTH SERVICES INSURANCE PLAN