INTERNATIONAL UNION OF BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL 1 HEALTH FUND

EIN: 061498630

NEW YORK, NY

Total Revenue
$12,753,248
Total Expenses
$15,173,276
Total Assets
$7,683,277
Net Assets
$4,440,042
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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
1997
Legal Domicile
CT
Principal Officer
GERALD A MAROTTI
Phone
8886176521
Tax Period
2023-10-01 to 2024-09-30

INTERNATIONAL UNION OF BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL 1 HEALTH FUND, founded in 1997, is a mid-sized nonprofit that reported $12.8M in total revenue in fiscal year 2023. Expenses of $15.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

TO PROVIDE MAJOR MEDICAL, HOSPITALIZATION, DISABILITY, LIFE INSURANCE, AND OTHER HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS OF THIS FUND AND THEIR BENEFICIARIES.

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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 $10,220,081
Investment Income $133,461
Other Revenue $2,399,706
TOTAL REVENUE $12,753,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,675,651
TOTAL EXPENSES $15,173,276

Year-over-Year Comparison

2023 2022 Change
Revenue $12,753,248 $13,406,223 0.0%
Expenses $15,173,276 $12,398,559 +0.2%
Net Income $-2,420,028 $1,007,664 -3.4%
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

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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
9
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
10
$466,390
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT CONVERTITO TRUSTEE 2.00
Director
$0 $0 $0
FRANCO INDOMENICO TRUSTEE 2.00
Director
$0 $0 $0
SCOTT ARONOWICZ TRUSTEE 2.00
Director
$0 $0 $0
VINCENZO CAPASSO TRUSTEE (P) 2.00
Director
$0 $0 $0
VINNY ARPINO TRUSTEE 2.00
Director
$0 $96,629 $216,967
JOHN CHANDLER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL THOMPSON TRUSTEE/CO-CHAIR 2.00
Director
$0 $0 $0
JOHN CIVITILLO TRUSTEE 2.00
Director
$0 $0 $0
GERALD MAROTTI TRUSTEE/CO-CHAIR 2.00
Director
$0 $104,440 $249,423
STEVEN J CARNEY IV 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
2024 $12,753,248 $15,173,276 $7,683,277 $-2,420,028
2023 $13,406,223 $12,398,559 $8,005,291 $1,007,664
2022 $13,492,321 $12,552,199 $6,955,876 $940,122
2021 $14,261,277 $15,621,405 $7,124,613 $-1,360,128
2020 $10,842,337 $12,878,076 $8,877,369 $-2,035,739
2019 $13,042,722 $13,799,895 $10,028,422 $-757,173
2018 $10,914,016 $10,822,064 $10,241,028 $91,952
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