INTERNATIONAL UNION OF BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL 1 HEALTH FUND (EIN 061498630) - 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

1997

Legal Domicile

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 & WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS 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%)

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

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

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

Total Directors

$466,390

Key Employees

Highest Compensated

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

INTERNATIONAL UNION OF BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL 1 HEALTH FUND