LOCAL 1035 HEALTH SERVICE AND INSURANCE PLAN (EIN 060997832) - 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

1969

Legal Domicile

Principal Officer

ROBERT ZIOBROWSKI

Phone

8605284159

Tax Period

2024-07-01 to 2025-06-30

LOCAL 1035 HEALTH SERVICE AND INSURANCE PLAN, founded in 1969, is a mid-sized nonprofit that reported $22.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $20.4M left a modest 8% 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,675,021

Investment Income $4,358,622

Other Revenue $59,787

TOTAL REVENUE $22,093,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $548,506

Fundraising Expenses $0

Other Expenses $1,020,416

TOTAL EXPENSES $20,417,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,093,430	$19,932,609	+0.1%
Expenses	$20,417,008	$17,215,865	+0.2%
Net Income	$1,676,422	$2,716,744	-0.4%

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

$202,107

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN BARKSDALE	UNION TRUSTEE	4.00	Director	$4,543	$0	$8,431
JAMES STACK	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ROBERT ZIOBROWSKI	UNION TRUSTEE	4.00	Director	$0	$55,750	$193,676
PAUL AYOUB	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	$22,093,430	$20,417,008	$65,550,443	$1,676,422
2024	$19,932,609	$17,215,865	$62,239,395	$2,716,744
2023	$14,439,166	$15,840,940	$57,318,573	$-1,401,774
2022	$10,918,985	$10,009,617	$43,786,361	$909,368
2021	$12,696,658	$9,122,476	$48,601,839	$3,574,182
2020	$11,138,976	$10,873,322	$41,600,314	$265,654
2019	$10,569,893	$9,943,063	$41,565,060	$626,830
2018	$13,268,553	$8,909,223	$39,467,185	$4,359,330

LOCAL 1035 HEALTH SERVICE AND INSURANCE PLAN