NOITU INSURANCE TRUST FUND (EIN 111740492) - 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

Andre Williams

Phone

7182913434

Tax Period

2023-01-01 to 2023-12-31

NOITU INSURANCE TRUST FUND, founded in 1954, is a mid-sized nonprofit that reported $49.7M in total revenue in fiscal year 2023. Expenses of $45.2M left a modest 9% surplus.

Mission

MULTI-EMPLOYER ERISA HEALTH & WELFARE PLAN PROVIDING HEALTH AND OTHER BENEFITS FOR MEMBERS AND THEIR DEPENDENTS OF THE NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS AND ITS AFFILIATED LOCALS.

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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 $45,789,289

Investment Income $3,737,865

Other Revenue $215,717

TOTAL REVENUE $49,742,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,850,976

Fundraising Expenses $0

Other Expenses $3,659,314

TOTAL EXPENSES $45,217,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,742,871	$46,344,322	+0.1%
Expenses	$45,217,688	$43,927,169	+0.0%
Net Income	$4,525,183	$2,417,153	+0.9%

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

$320,459

Total Directors

$335,049

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Farley Kamhi	Director IT Dept	40.00		$262,060	$94,563	$356,623
Mark Green	Controller/Trst	30.00	Director	$227,737	$73,616	$335,049
Andre Williams	Cnsl & Plan Adm	40.00	Officer	$248,965	$71,494	$320,459
David Lieberman	Dir of LLMDC	40.00		$230,612	$78,803	$309,415
Elizabeth Forte	Dir of Empl Servs	40.00		$170,470	$87,362	$257,832
Mariela Russell-Gore	Claims Director	40.00		$164,117	$60,185	$224,302
Jaemin Kwak	Asst IT Director	40.00		$171,589	$50,870	$222,459
Virendra Shankar	Asst Controller	40.00		$164,341	$52,777	$217,118
CARLOS RODRIGUEZ	Union Trustee	24.00	Director	$0	$0	$0
Irwin Siegel	Emplyr trustee	2.00	Director	$0	$0	$0
Charles Reichmann	Emplyr trustee	2.00	Director	$0	$0	$0
Gerard Jones	Union trustee	18.00	Director	$0	$0	$0
ROBERT ABREU	Emplyr trustee	2.00	Director	$0	$0	$0
Brian Pepper	Union trustee	18.00	Director	$0	$0	$0
Michael Siegel	Emplyr 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	No data	No data	No data	No data
2023	$49,742,871	$45,217,688	$149,417,426	$4,525,183
2022	$46,344,322	$43,927,169	$131,057,236	$2,417,153
2021	$71,536,431	$45,995,899	$148,755,855	$25,540,532
2020	$50,258,976	$45,359,328	$137,182,286	$4,899,648
2019	$46,291,836	$44,999,208	$123,119,925	$1,292,628
2018	$48,083,949	$44,321,769	$106,086,580	$3,762,180

NOITU INSURANCE TRUST FUND